Italian high-end streetwear label GCDS is set to open its first store in London with a debut in Mayfair. The area continues to benefit from a raft of international openings, despite the tough fashion retail environment.
French Connection is still lossmaking and margins are down but there's news to be cheerful about too as its new concept store outperforms, wholesale turnover rises, e-tail makes up a third of sales and m-commerce surges.
UK shopper footfall delivered a mix of bad news and not quite so bad for February. The monthly report from the BRC/Springboard on Monday showed a 0.5% decline, which was better than the 1% drop seen this time last year.
Staff at luxury London department store Harrods are concerned that a new commission strategy could dent their take-home pay. Management is overhauling sales commissions and said rewards should be linked to performance.
There was a modest reduction in UK consumer spending last month, according to card payment specialist Visa. It said Monday that spending fell 1.1%, which followed a 1.2% reduction in January, but fashion dropped 1.6%.
High-end British department store Harvey Nichols will team up with online fashion retailer Farfetch to sell accessories and clothes through the platform as it looks to boost web sales, the companies said on Monday.