Retail news and archive

Honeywell's Augmented Reality Solution Helps set the Stage for Effortless Holiday Shopping Experiences

With peak shopping season at hand, solutions that enhance the customer experience and help speed their decisions are increasingly critical. To optimize retail operations and efficiency, Honeywell (Nasdaq: HON) today announced the latest release of its powerful SwiftDecoder™ barcode-decoding software, designed to make shopping easier and help...

RetailPress Release

Cost-of-living crisis: Retailers need to go the extra mile ahead of the busiest time of year as discounting loses appeal

As brands and retailers prepare for the busiest time of the retail calendar, they'll need to go the extra mile to engage shoppers amid the cost-of-living crisis, as new research from WGSN Barometer reveals that discounting is losing its appeal. Consumers in the UK and US feel they are getting less value for money, and discounting alone no longer...

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...

RetailFeatured

Retail experts predict a record-breaking holiday sales season

Forecasts by the National Retail Federation for this holiday season is that spending will reach record levels, with growth of between 3 and 4 percent over 2022, for a final result of between 957.3 and 966.6 billion dollars. According to NRF President and CEO Matthew Shay, sales will more than match pre-pandemic levels due to the economic...

Business

Grosvenor hails in ‘new era’ for West End as development begins

Real estate company Grosvenor is beginning work on the 500 million pound development of London’s West End, where it says it plans to establish a mixed-use scheme to improve public realm. Spanning 370,000 square feet, the project is looking to deliver new office spaces, private and onsite housing, a five star hotel opportunity and new cafes,...

Retail

Retail sales fall in October as wet weather dampens spending

New figures by the Office of National Statistics (ONS) have revealed that retail sales fell in October as the wet weather impacted footfall and spending across the country. According to the organisation, retail sales volumes fell 0.3 percent over the month, following a steeper 1.1 percent decrease in September. In the three months to October,...

Retail

Retail calls on government to freeze business rates ahead of Autumn Statement

A number of hospitality, leisure and retail organisations have called on the UK government to freeze business rates and extend existing reliefs for a further year, warning that the “future of high streets are at risk without the measures”. A coalition has written to the Chancellor with the request ahead of the upcoming Autumn Statement, in a...

Retail

New report suggests independent retailers are positive about year ahead

A new report by American Express and Small Business Saturday has said that small and independent retailers are understood to be looking towards the upcoming year with positivity, as expectations surrounding growth begin to rise. According to the report, business growth was said to be rising 89 percent among the 253 small businesses surveyed,...

Retail

New York City to crack down on retail theft through new task force

A new task force launched by Mayor Eric Adams is looking to tackle the rising issue of retail theft across New York City after reported cases of shoplifting rose 44 percent between 2021 and 2022. The task force, made up of elected officials and led by deputy mayor for public safety Philip Banks III, will advise the Adams administration on...

RetailFeatured

It's in the Jeans: Crafting Immersive Retail Spaces to Educate and Engage

As well documented, physical retail is undergoing a transformation, and thanks to the tactile nature of their products, denim brands are key players at driving forward this revolution. Written by Tim Nash Curator of Shop Drop Daily, a platform that features innovative retail store concepts, visual merchandising, pop-ups, window displays and...

Background |LONG READ

Inside independent retail: What it takes to run a fashion store

There are various types of fashion stores. We use the term retailers to broadly refer to all those who sell clothing to consumers. Retailers include chains such as Scotch & Soda, H&M and Zara, as well as department stores such as John Lewis, Harvey Nichols and Selfridges. However, the term retailers also refers to independent retailers -...

Background

Wholesale and retail explained: Definitions, examples, and pricing strategies

Entering the fashion industry and deciding on how to distribute your products can be complicated. What is retail and wholesale? Who uses them and why? What are retail and wholesale prices and why are they different? In this short background piece, FashionUnited dives into all the above and more. The difference between retail and wholesale 1....