Latest articles in Retail

Luxury Western goods line Russian stores, three years into sanctions

Despite a barrage of Western sanctions and swathes of brands quitting Russia after the Kremlin launched its Ukraine offensive, Moscow's most well-off shoppers are still spoilt for choice when it comes to luxury Western goods. In the Russian capital's exclusive shopping quarters, department stores and high-end Russian outlets are doing a roaring...

Retail|In Pictures

In Pictures: A look inside Missoma’s new Marylebone flagship

Missoma has unveiled its fourth store in the UK, building on an ongoing retail expansion in the region for the British jewellery brand. The new flagship store is located on New Cavendish street, in an immersive setting spanning two-storeys. Alongside a selection of “most-loved styles” by Missoma, the store also houses a Piercing Studio, with...

Retail

Footfall rises ahead of Christmas yet remains lower than 2023 levels

Footfall across all UK retail destinations rose for the second consecutive week last week ahead of the forthcoming Christmas, however, figures remained lower than those of the same period last year. For the week to December 22, MRI Software reported an overall 4.6 percent increase in footfall compared to the week prior, with retail parks coming...

Retail

NRF: Shoplifting figures see sharp increase on pre-Covid levels

A new report by the US’ National Retail Federation (NRF) has documented a concerning increase in shoplifting incidents in 2023 compared to that of pre-Covid levels. According to the organisation’s ‘The Impact of Retail Theft & Violence 2024’ study, there was a 93 percent increase in the average number of reported shoplifting incidents last year...

Retail

Boucheron opens its first boutique in Las Vegas

Boucheron has inaugurated its first store in Las Vegas, marking the second US retail location for the high-end jewellery house. Located in Fontainebleau Las Vegas, the store spans 145 square metres, with the first two floors dedicated to retail space. The new boutique is part of the brand's expansion strategy for the US market, with its first...

Retail

Clothing markets and stalls among fastest-growing industries

As British consumers navigate their Christmas shopping lists this season, new data suggests a shift in clothing retail dynamics across the UK's high streets. Analysis by payment solutions provider SumUp, drawing on Office for National Statistics data, reveals an unexpected transformation in consumer shopping patterns over the past five years....

Retail

Industry insiders give their reaction to latest ONS figures

British clothing and footwear retailers suffered their sharpest year-on-year decline since January 2022, with sales falling 2.6 per cent in November, marking the second consecutive monthly decrease. The Office for National Statistics' (ONS) latest retail monitor, which concluded on November 23, captured only a partial picture of consumer...

Retail

UK retail sales marginally rise in November as consumers hold back spending

New figures from the Office for National Statistics (ONS) have shown a marginal rise in retail sales volumes for the month of November, a slight increase that was offset by consumers waiting for discount periods in the following month. According to the data, sales were estimated to have risen by 0.2 percent, following a fall of 0.7 percent in...

Retail|Beauty

Boots reveal biggest beauty trends of 2024

K-beauty, blusher, hyaluronic acid and bespoke haircare are among the most in-demand products across beauty and wellness in 2024, according to British retailer Boots. As the UK’s leading health and beauty retailer, Boots stocks more than 600 healthcare brands and over 500 beauty brands, and it has analysed search and sales data from across the...

Retail

Retail sector loses 225,000 jobs in five years

It is no secret that the retail sector has faced significant challenges in recent years, the impact of which has been reflected in new job figures issued by the Office for National Statistics (ONS). According to the organisation’s data, there were 2.81 million jobs in retail in September 2024, yet on a four-quarter average, this was 40,000 fewer...

Retail

Perfect Moment opens first seasonal European store in the Alps

Skiwear brand Perfect Moment is continuing on its retail expansion, this time with the opening of its first seasonal store in Europe. The new location is within the Alps ski resort, Kitzbühel, in Tirol, Austria, where special in-store events will aptly tie into the surroundings. The store itself will house select items from the company’s...

Retail

Urban Outfitters and Gymshark among retailers accused of hiring festive workers without basic rights

A new report has accused a number of UK retailers of hiring young “freelance” employees via hiring apps that leave them without basic employment rights. According to The Observer, Urban Outfitters, Gymshark and Uniqlo are understood to be among those carrying out such practices as they fill out staff in preparation for the festive season. Such...