UK consumers who shop online already are becoming more online-focused than ever and are increasing the amounts they buy via webstores, a new report shows and more than half of women buy clothes online.
As it works to boost its clothing sales with essentials as well as fashion-focused pieces, M&S has taken a deep dive into plus-size with the launch of a line for the growing number of UK women who wear sizes 18 to 32.
Debenhams was forced to make more markdowns than planned for Christmas and this will dent its profits. But the retail giant also hailed beauty strength and rising fashion share, despite an overall market decline.
Marks & Spencer has sold its retail business in Hong Kong and Macau to its franchise partner Al-Futtaim as it retreats from international markets to focus on its core business in Britain, the company said on Tuesday.
As the UK gets ready for a spate of trading updates, it seems that the week before Christmas saw a late shopping surge with fashion sales rising year-on-year, but it's unlikely to have rescued an otherwise weak season.
As the UK prepares for Brexit it seems that ‘made in Britain’ remains an aspirational label for domestic shoppers as well as for those in the US, while Burberry and M&S score highly in UK brand perception.
Asos has a higher market capitalisation than M&S for the first time with the historic moment for UK retail showing the online pureplay upstart finally outstripping one of Britain’s long-term leading retail names.