Chain store closures in the UK continued at an alarming rate in the first half of 2021, with fashion the biggest casualty. A total of 1,063 fashion stores closed in the first six months, alongside 120 department stores.
Just how tough UK retail’s pandemic mauling has been — especially for fashion — came into stark focus on July 30. More than one in seven stores are now vacant on UK high streets, retail parks and in shopping centres.
Two pieces of good news for Monday. Consumers are now the most eager they’ve been to spend in 13 years, and consumer confidence is at its strongest since the end of 2019. That’s according to PwC and Deloitte surveys.
The UK government has launched a new long-term strategy to “evolve and regenerate” England’s battered high streets. It wants to turn them into “thriving places to work, visit and live… breathing life into town centres”.
Premium trainers business The Edit LDN is targeting a £30 million valuation during 2022 after saying its sales have been rising by 60% month-on-month lately. And it’s raising new finance to expand further.
The Federation de la Haute Couture et de la Mode, the organization that controls the calendar of Paris runway seasons has unveiled two new digital devices allowing fashion houses to measure their ecological impact.
Predictions of poor Easter Weekend retail footfall ahead of the reopening of non-essential retail on 12 April were wide of the mark as activity across all destinations for the latest week increased again, figures show.