Fashion Business Intelligence

Find on the FashionUnited business intelligence site, all the business data and statistics to provide fashion professionals with a better overview of the fashion industry.

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Retail

Bira calls for ‘urgent measures’ to support indie high street businesses

New research cited by the British Independent Retailers Association (Bira) has suggested worrying developments in labour-intensive sectors, with retail said to be “among the worst-hit industries last year”. According to data acquired by the organisation and initially formulated by law firm Shakespeare Martineau, hospitality also accounted for 10...

Retail

UK: Retail sales unexpectedly drop in December, clothing retailers rebound

Retail sales volumes took an unexpected turn in December, dropping 0.3 percent throughout the month, according to new figures released by the Office for National Statistics (ONS). This followed a subtle 0.1 percent increase in November, and came despite a rebound in textile clothing and footwear stores, which saw sales rise 4.4 percent, a stark...

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Best performing luxury stocks in 2024

The luxury and fashion sector experienced a turbulent year in 2024, with share price performance across 18 publicly listed companies showcasing a stark contrast between winners and losers. While some brands achieved remarkable gains, the majority of the sector struggled under macroeconomic pressures, with significant losses dragging down overall...

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BRC: Festive period benefited from lower inflation but price pressures on the horizon

New figures from the British Retail Consortium (BRC) and NielsenIQ showed that over the course of December, shoppers benefited from lower inflation. Yet, price pressures are anticipated for the coming year. Over the period December 1 to 7, 2024, shop price deflation was at 1 percent, up from deflation of 0.6 percent in the month prior. This came...

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December sales boost fails to save UK retail’s “Golden Quarter”

Christmas fails to save 2024 trading, as new data from the British Retail Consortium (BRC) and KPMG International reveals that UK total retail sales for the year increased by just 0.7 percent from 2023, while non-food declined by 1.5 percent. For the three months to December, known as the “Golden Quarter,” sales growth was 0.4 percent...

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UK businesses plan price increases as confidence wanes in anticipation of Budget

A new report by the British Chambers of Commerce (BCC) has underlined some worrying developments in the realm of UK business, where confidence is slipping ahead of the incoming Autumn Budget. In the organisation’s ‘Quarterly Economic Survey’, for which over 4,800 UK businesses were polled, around 63 percent of firms said the Chanceller’s autumn...

Retail

UK retail footfall ends 2024 on subdued note

Retail footfall in the UK continued its downward trajectory in December, marking the second consecutive year of decline for brick-and-mortar retail traffic. Total footfall fell 2.2 percent year-on-year in December, though this represented an improvement from November's 4.5 percent decline, partly due to the shifted timing of Black Friday between...

Retail

UK: Nearly 13,500 retail stores closed in 2024, independents hit hardest

New figures have shown that 13,479 retail stores across the UK closed for good over the course of 2024, an increase of 28 percent on levels from the year prior, according to provisional data from the Centre for Retail Research. This reflected a rate of around 37 store closures a day. Almost half of the yearly figure–7,537 in total–shuttered...

Retail

UK: December footfall rises sharply as challenging new year looms

Footfall across the UK rose in December despite figures painting a picture of shifting consumer behaviour in the wake of a challenging financial year. According to MRI Software, for the five week period ending 28 December 2024, footfall was up 7.1 percent compared to the month prior, and came marginally ahead of 2023 levels at an 0.4 percent...

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US retail sales up 3.8% this holiday season according to Mastercard SpendingPulse

This Christmas season proved to be a merry one for US retailers, with retail sales increasing 3.8 percent year on year from November 1 to December 24, according to insights from Mastercard SpendingPulse. "The holiday shopping season revealed a consumer who is willing and able to spend but driven by a search for value as can be seen by...

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A deep dive into industry's top performers of 2024

The global apparel industry, worth a staggering 1.79 trillion dollars, stands as one of the most vibrant and fiercely competitive sectors in the global economy. In 2024, the landscape has been shaped by a fascinating interplay of luxury powerhouses, fast fashion trailblazers, and athleisure innovators, each rewriting the rules of success. But...

Retail

UK: Boxing Day footfall takes hit as retailers stay closed

Footfall on the usually bustling Boxing Day took a slight hit this year, reflecting what data specialist MRI Software said could be a “shift in consumer behaviour”. According to the platform’s figures, retail footfall was down 4.9 percent across all UK retail destinations throughout the day. This was compared to Boxing Day in 2023, when footfall...