Sales news and archive

Vestiaire Collective launches new charity celebrity closet sale with Jessica Chastain

Luxury resale platform Vestiaire Collective has announced its latest celebrity closet sale with Academy Award winner and producer Jessica Chastain and her stylist Elizabeth Stewart. Part of the global secondhand platform's growth strategy for the US, the announcement comes not long after Vestiaire Collective introduced 0 percent commission fees...

Background

From margins to sell-through: Important figures used in the fashion industry

On this page you will find key figures used in the fashion industry to monitor and optimise performance, such as sell-through, margin, and turnover, among others. Retailers use numerical analyses to substantiate business decisions, such as making a purchasing plan and budget for the next fashion season. “We sometimes compare choices for budgets...

Retail

UK online fashion sales surge in January

UK fashion retailers saw revenues soar 124 percent higher in January compared to the same period last year, new data reveals. The surge in online spending comes as non-essential stores are still closed to the UK public. That’s according to data gathered from Salesfire’s eCommerce analytics platform, TrendDesk, which collects information from...

Retail

Retailers see fastest drop in June sales since 2009 financial crisis

UK retail sales volumes in June fell at the fastest rate since March 2009, according to a new report by the CBI (Confederation of British Industry). The CBI’s monthly retail sales balance fell to -42 from -27 in May. Grocers were the largest contributors to the fall in sales volumes, with the hardware & DIY and footwear & leather sub-sectors...

Retail

Fashion sales grow in Brazil in December, says retail association

Despite the crisis, the month of December was positive for many Brazilian fashion retailers, according to the Brazilian Association of Textile Retail (ABVTEX, in the original acronym) which represents around 90 prominent fashion brands, including C&A, Zara, Hering, Forever 21, Dafiti Group, Netshoes and Marisa. A surprising 62 percent of ABVTEX’...

Retail |REPORT Featured

Is it time UK retailers ditch discounting for good?

London - Even though Black Friday may not have quite the draw to the high street as it did in the past, in 2017 the discount shopping day boosted online sales across Europe by 509 percent. 47 percent of all womenswear was reduced in price as well, according to the WGSM Barometer, underlining the growing appeal to snag a fashionable deal....

RetailFeatured

Shoppers to spend more than 10 billion pounds this Black Friday

London - Singles Day may have brought record-breaking sales of 25.3 billion US dollars for and 19.1 billion US dollars respectively for Chinese e-commerce giants Alibaba and JD.com last Friday, but with Black Friday around the corner, UK retailers are said to be preparing for their own record-breaking sales day. Shoppers are predicted to spend...

Business

Hermes ties up higher sales

Luxury goods maker Hermes said Wednesday that it booked further sales growth in the third quarter, driven by higher demand in all divisions and across all regions. Hermes said revenues were up by 6.4 percent at 1.337 billion euros (1.5 billion US dollars ) in the period from July to September, beating analysts' expectations. Adjusted for...

Business

Alibaba says profit up 132 percent in 'outstanding' quarter

Chinese e-commerce giant Alibaba said on Thursday that its net profit soared 132 percent in an "outstanding" latest quarter, prompting it to raise its projection for full-year revenue growth. Net profit for the three months ending September 30 reached 17.67 billion yuan, (2.67 billion dollars), up from 7.62 billion yuan in the same period of...

Business

Hema net sales increase 4.8 percent in Q1 FY17

London - Dutch retailer Hema enjoyed a strong first quarter for its financial year 2017, reporting 4.8 percent increase in net sales in Q1 FY17 to 283.4 million euros, compared to 270.3 million euros in Q1 FY2016. Like-for sales increased 2.7 percent during Q1 FY17 and adjusted EBITDA grew 11.4 percent to 17.6 million euros, marking Hema's ninth...

Retail

Pre-Christmas discounts to hit record high this year

Consumers across the country are set to reap the benefits as retailers offer the biggest pre-Christmas discount to date. For the sixth year running discounts have hit a new record, according to new data from Deloitte, who analyzed more than 300,000 products for sale in the UK. Discounts currently average 43.3 percent, which is 1.5 percent more...

Business |REPORT Featured

New Look revenue up 5.4 percent in "milestone" FY16

London - New Look has enjoyed a solid year, as its strategy has resulted in an revenue increase of 5.4 percent for the fiscal year 2016. Revenue for the 52 weeks to March 26, 2016 hit 1.49 billion pounds compared to 1.41 billion pounds for FY15, bolstered by the brand's multi channel push, menswear focus and "continued success" in China. New...