UK jeweller Beaverbrooks is banking on continuing growth at the luxury end of the market. That’s why the family-owned business is expanding its offer in the sector, launching a new high-end brand called Loupe.
UK fashion and lifestyle retail giant Matalan joined many of its peers in delivering a set of pandemic-ravaged results in its latest reporting period. But fear not. Matalan’s an upbeat business far from struggling.
First the bad news. Clothing sales for June were “poor for the time of year”, according to the latest Confederation of British Industry (CBI) survey. What’s more, growth in online sales slowed sharply this month.
Amazon Prime Day may have driven massive traffic to Amazon itself, but it also had a knock-on effect on other retailers, a new study has shown. And beauty and fashion were key purchase priorities during the event.
Fans of PrettyLittleThing can soon actually ‘vacation the brand’. Parent Boohoo Group is launching a PrettyLittleThing luxury hotel in Cornwall to take advantage of 2021’s high demand for UK staycations.
Global fashion jewellery producer DCK has launched its Aela brand through major UK fashion retailer Next. The initial bespoke 80-piece range will be available via Next’s 500-store estate in the UK and its webstore.
UK consumer confidence remained stable in June and there’s a brighter picture for personal finances. But the question remains whether the threat of inflation is already clouding prospects for the economy, Gfk said.