fung global retail and technology news and archive

UK fashion chains boosting beauty offering

UK fashion retailers including Topshop and H&M are boosting their sales by capitalising on the demand for beauty ranges, according to a new report from Fung Global Retail and Technology. Beauty the report states is overtaking apparel, while spending on clothing and footwear rose by a modest 2 percent in 2016, according to data from the Office...

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Supermarkets drive growth in value clothing market

Value retailers account for almost one-quarter of the total UK clothing market, according to estimates from retail think tank, Fung Global Retail and Technology, and that growth is being driven by supermarkets and online-only retailers. The value apparel market was worth nearly 10 billion pounds by the end of 2016 and sales have increased at a...