As consumers become increasingly focused on sustainability, a new study shows that a third of shoppers would now select quality items that they expect to last rather than the cheap fast-fashion chosen just a year ago.
Frasers Group is the latest target for Peta’s investment activism, with the animal rights organisation buying stock in the business to protest against the sale of animal fur products at House of Fraser.
The full line-up of Christmas trading statements may not yet have been released, but plenty have already come out and it’s clear that Black Friday’s success could have dealt a crushing blow to Christmas trading overall.
News this week that Boohoo had a very good final few months of 2019 was significant for more than one reason. As well as showing the firm’s overall strength, it sent its share price — and its overall value — soaring.
Boohoo continued its rapid sales ascent in the four-month period to the end of December and while there was no information about sales at its newly-acquired brands, its existing portfolio went from strength to strength.
The shift in consumer focus from physical stores to online shopping was underlined this week on news of a £51.4m deal to transform a London retail park into a logistics hub with warehousing for online businesses.
Online retailers are not immune to the devastation that is happening in UK retail at the moment and a new study said that more than 9,000 online retailers are suffering from significant financial distress.