Data news and archive

Number of company insolvencies jumps in June

The number of registered company insolvencies jumped up in June by 16 percent compared to May 2024, remaining much higher than figures reported during the pandemic. In England and Wales, a total of 2,361 insolvencies had been registered, according to the UK Gov website, up 17 percent on the same month in the previous year, when 2,016...

Retail

Election uncertainty and poor weather impact retail sales in July

Retail sales volumes dropped 1.2 percent in June across the UK, according to the latest figures from the Office of National Statistics (ONS), which had in contrast reported an increase of 2.9 percent in May. While the organisation said that sales volumes had fallen across most sectors, department stores and clothing retailers had “broadly...

Retail

Unseasonable weather triggers ‘disappointing’ June sales

The UK’s untimely summer has, quite unsurprisingly, had an impact on sales in the region for the month of June, during which time the retail market evidently flatlined. While the sun finally showed its face towards the latter half of the month, it appeared to be a little too late for British consumers, causing retail sales to remain largely at a...

Business

BRC: Retail still lacking in the way of inclusion despite slight improvements

A new report by the British Retail Consortium (BRC) has outlined slight improvements in the UK’s retail sector in the way of diversity and inclusion, yet such elements remain tough to crack. Together with The MBS Group, the BRC released a Diversity and Inclusion in UK Retail report, looking into areas such as gender, ethnicity and disability,...

Retail

UK retail sales rise in May, clothing retailers welcome rebound

One day on from the report that inflation had finally hit Bank of England’s target, dropping to 2 percent, there appears to be more good news on the horizon for UK retailers. New figures by the Office for National Statistics (ONS) have shown that retail sales volumes rose by 2.9 percent in May following a slight 1.8 percent drop in April....

Business

UK inflation drops to 2 percent, hitting Bank of England targets

New figures drawn up by the Office for National Statistics (ONS) have shown inflation in the UK fell to 2 percent during May, hitting the Bank of England’s target. According to ONS, the consumer prices index (CPI) rose 2 percent in the 12 months to May 2024, dropping from 2.3 percent in the 12 months to April. Including owner occupiers’ housing...

BusinessFeatured

Tech tools for combating poor fit and returns: data analytics, AI and VR

About This article was written for FashionUnited by Helen Scurfield, Innovation and Development Director, Asendia. What is causing returns on this scale? A massive 46 percent of US consumers in a recent Harris Poll gave ‘poor fit’ as the prime reason for returning garments, ahead of damage (38 percent) and poor quality (36 percent). This issue...

BusinessPartner Content

Collect the data of today for tomorrow – win back the trust in your data

In the ever-evolving landscape of the apparel industry, data is the lifeblood that fuels decision-making, strategy development, and, ultimately, success. However, there is a common misconception that the data in this industry is 'poor.' It’s not about poor data but rather the complexity of the data that poses unique challenges. In this blog...

BusinessFeatured

Meta’s data processing for advertising ruled illegal under EU law

Meta on Wedneday was fined 390 million euros for breaching European advertising rules. The American tech giant’s data-fueled advertising model, which it sells as personalised ads, must now be re-assessed to meet Europe’s strict privacy laws. Europe is one of Meta’s largest advertising markets and restrictions to its ads may impact revenue with...

BusinessFeatured

LVMH accelerates data contribution to its businesses to drive development

Data analytics has long been powering the fashion industry, from entire algorithms to predict sales, like at fast fashion giant Shein, to augmenting customer experience with personalised offers. Luxury group LVMH has been expanding its use of data for over three years, partnering with Kaggle Days, an international competition for data...

BusinessPress Release

FashionUnited’s new Product Database saving partners time and money

In an era marked by the rapid digitization of the fashion and accessories sector, brands and retailers are grappling with the need to optimize their product data management processes to better compete in the omnichannel world. The intricacies and complexities of data requirements across platforms and retailers have exposed a lack of...

Fashion Partner Content

Fashion Genome data reveals YoY shoppers are checking out less frequently and buying more

Fashion Genome data reveals YoY shoppers are checking out less frequently and buying more when they do decide to spend with AOV up 16% True Fit’s Data Reveals Key Consumer Insights as Retailers Navigate a Shifting Landscape Trends from True Fit’s Fashion Genome the world's largest connected dataset for fashion, which analyzes insights from...