
Consumer spending on essential items grew in December by as much as 13.7% on a two-year basis, but clothing saw slower growth and department stores also lagged compared to supermarkets and discounters.
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Consumer spending on essential items grew in December by as much as 13.7% on a two-year basis, but clothing saw slower growth and department stores also lagged compared to supermarkets and discounters.
Value, quality, and convenience are the top three purchasing considerations for 2022, especially in the face of rising prices, a KPMG consumer confidence survey shows. Sustainability will also be key when buying goods.
Skechers announced on Monday that Zulema Garcia has been named to its board of directors and appointed to serve on the company’s audit committee, along with several board resignations.
More evidence came through on Tuesday showing that fashion was a key driver of retail spending in the UK last month. Two regular monthly reports (from the BRC and Barclaycard) called out fashion as a star category.
Overall payment card spending rose as much as 14.2% in the UK last month compared to October 2019, despite rising inflation fears. That’s according to the latest Barclaycard spending report.
The fashion resale site has announced three new senior executive appointments, having named a new head of technology, products and data, a new commercial director and a new head of strategy.
Clothing spend rose last month but the UK retail sector remains on a knife-edge with consumer confidence weak and supply chain issues a big worry, the monthly Barclaycard and BRC reports showed on Tuesday.
Fashion sales in August were at their strongest since pre-pandemic levels and department store spending also saw a strong uplift last month, new figures from Barclaycard show.
June saw Britons in an upbeat mood and this led to increased consumer spending at retail, two reports showed on Tuesday. But there are signs of nervousness too as Covid cases rise.
Fashion was a major contributor to rising consumer spending in May, two reports showed on Tuesday. Both Barclaycard and the BRC/KPMG sales monitor showed that British shoppers were in the mood to update their wardrobes.