Retail news and archive

Study: Branded clothing sector contributes almost 332 billion euros to EU economy

A study released by the European Branded Clothing Association (EBCA) today presents new findings from Oxford Economics, which reveals that the European branded clothing sector contributes 331.8 billion euros to the EU’s GDP annually, which is nearly 2 percent of the total EU economy. It also highlights the sector’s role in driving jobs, trade...

Retail

River Island to close 33 stores, putting hundreds of jobs at risk amid restructuring

British high street stalwart River Island has announced plans to close 33 of its 230 UK stores, a move that puts hundreds of jobs in jeopardy as it seeks to restructure its operations in response to shifting consumer habits and rising costs. As reported by the BBC, the company is also negotiating rent reductions across a further 71 locations....

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Fairs

NRF 2025: Retail’s Big Show to make European debut in Paris this September

Details of the first European edition of NRF: Retail’s Big Show Europe, taking place in Paris from September 16 to 18, were presented this morning in Milan. The event, which has always been held in New York, aims to unite the established missions of Paris Retail Week (Comexposium Group) and the renowned National Retail Federation (NRF). Arnaud...

Retail

UK retailers welcome two billion pound funding for police

UK Chancellor Rachel Reeves outlined a more than two billion pound increase in police spending as part of the government’s latest two trillion pound Spending Review. Reeves outlined the plans during a speech on June 11, in which she said the funding reflected a 2.3 percent per year increase in police spending power “to protect our people, our...

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Business

Victrix group (Punt Roma): 50 years of fashion, 1,500 employees, and Gerry Weber completing its portfolio

With over five hundred stores across several continents, Punt Roma has established itself as a familiar presence in numerous cities. However, behind this brand lies a much less visible business entity: Géneros de Punto Victrix, S.L. (Victrix), a Spanish group with almost fifty years of experience in the textile sector. Victrix took a decisive...

Retail

Eurozone: retail sales rise slightly

Eurozone retail sales saw a slight increase in April. Month-on-month, revenue climbed by 0.1 percent, as reported by the European Statistical Office, Eurostat, in Luxembourg on Friday. Economists had anticipated a more substantial rise of 0.2 percent. However, sales in March had climbed by an upwardly revised 0.4 percent. Initially, a decline of...

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Business

Amazon agrees to tackle fake reviews in UK

Amazon has agreed to clamp down on fake online reviews of products advertised on its UK site, Britain's competition regulator said Friday. Google agreed a similar UK commitment in January after the Competition and Markets Authority launched an investigation into the matter five years ago. Amazon "has signed undertakings committing to enhance its...

Retail

What to know about New York’s Retail Worker Safety Act

New York’s Retail Worker Safety Act (RWSA) has officially been mandated after experiencing slight delays in its enactment. The act (S. 8358B/A. 8947C) was signed into law by local governor Kathy Hochul last year, to address increased levels of violence seen among retail stores. From June 2, any store with 10 or more employees that “sells...

Retail

Women’s sports retail takes center stage on Regent Street with SOOO pop-up

Ahead of a summer packed with elite women’s sporting events across the UK, a new experiential retail concept, Style Of Our Own London (SOOO), opens on Regent Street this Thursday, June 5. Located at 245 Regent Street — one of the capital’s most high-profile retail addresses — the space will serve as an intersection of sport, retail innovation,...

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Retail|Exclusive

Returns fraud is costing UK retailers 1.3 billion pounds a year: Here’s how to fight back in 2025

Returns fraud isn’t new. But for UK retailers in 2025, it has reached a level of urgency that can no longer be ignored. In a recent Loop survey, nearly two-thirds (64 percent) of UK-based brands said rising returns fraud was the trend having the biggest financial impact on their business. From wardrobing (wearing and returning) to serial...

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Fashion

LVMH teams up with SKEMA to strengthen luxury retail education

French luxury conglomerate LVMH is partnering with SKEMA (School of Knowledge Economy and Management) to create a new luxury retail course to be taught in the international business school’s new campus in Dubai to develop “top-tier talent for the luxury industry”. The strategic alliance aims to shape future luxury leaders with the creation of an...

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Business

Next requests shareholders vote against resolution calling to disclose employee wages

Next has called on its shareholders to vote against a resolution requesting for the British fashion retailer to disclose how it pays employees to address concerns over employee wages. A group of investors is hoping Next will increase its transparency and improve conditions for shop floor workers by revealing how many of its 40,000 staff are paid...