As the Christmas shopping season moves into high gear, the latest PwC shopping prediction suggests that spending will hold up reasonably well but consumers will actually be laying out less this year on fashion.
As ‘hug-gate’ continues to wreak havoc with Ted Baker’s share price, the company has issued a trading update containing good news and bad: revenue has dipped but e-tail soared and sales have recovered in recent weeks.
The B2B wholesale e-commerce platform announced on Wednesday that it has received $15 million in Series C financing, funds that the company said it will put toward accelerating product innovation and growing its team.
The fashion sector struggled last month and even cold weather and Black Friday failed to propel sales upwards with womenswear, menswear, footwear and department stores all sluggish or weak, Barclaycard said Tuesday.
JD Sports is continuing its growth abroad and is ramping up its Australian operations with a plan to double its store numbers on the back of shoppers showing an "unbelievable" appetite for its products.
Cycling brand Rapha may have seemed to be riding high a few months ago when it was bought by Walmart heirs Steuart and Tom Walton, but it has been struggling of late and posted a £20m loss in its latest set of accounts.