There was some unexpected good news for the UK fashion sector in June as a strong month for online sales also translated into strength in clothing, with fashion outstripping overall growth for the month.
Consumer confidence in the UK grew by 2 percentage points in the second quarter to -4%, reaching the highest level since 2011, but while consumers are feeling more confident, the mood in businesses is more cautious.
As one report shows June footfall to stores continued to drop, another regular report shows actual spending in physical stores rose. Not only that, the rise beat e-commerce spending for the second consecutive month.
On Sunday night, France for the second time were the winners of the World Cup tournament, wrapping up the 2018 edition in Russia. The final was also a win for several brands present both on and off the field.
The World Cup final on Sunday will not only be an all-European affair but an all-Nike match. For the first time in its history, the American sportswear manufacturer will be providing the kit for the two finalists.
The art of reviving an esteemed but almost moribund brand – a skill in which the French have few equals – is one very much in evidence at Vuarnet, as it opens a brand-new flagship in New York's Nolita on Bastille Day.
M&S shareholders shouldn't be too concerned about its financial results in the next two years as those numbers aren't that important to the clothing and food retailer's future, its new chairman told them on Tuesday.