Retail news
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ASOS braced for Christmas battle
- Posted:
- 03 November 2011 10:27
Online fashion retailer ASOS today warned the run-up to Christmas would be challenging in the UK as retailers slash prices.The company, which targets 16 to 34-year-olds with clothes based on outfits first worn by celebrities, said UK retail sales increased 8% to £88.6 million in the six months to September ...read more
In-store tech experience vital for retailers
- Posted:
- 30 September 2011 10:04
Offering in-store technology that allows consumers to interact with products and brands is a vital part of the multichannel retail experience, a tech expert argued this week.Touch screens which enable access to product and store information can help provide a "seamless customer experience" that boosts shopper loyalty and subsequently increases ...read more
Republic unveils interactive mirror at Westfield Stratford
- Posted:
- 15 September 2011 12:03
Fashion retailer Republic is the latest to trial groundbreaking technology in-store, launching the new 'MiMirror' system at its shop at the newly opened Westfield Stratford City.The innovative service, developed by technology firm Toshiba Tec, allows customers to capture images of different outfits, glasses or other fashion item onto a digital ...read more
Urban Outfitters sees profit plummet as price cuts and commodity costs hit
- Posted:
- 18 August 2011 09:42
Urban Outfitters has posted second-quarterly profit down by 21% and lower same-store sales due to increased merchandise markdowns and higher commodity costs.However, top-line growth was strong although margins suffered.For the period to July 31st earnings totalled $56.7 million, down from $71.2 million a year earlier. Revenue, however, jumped 10% despite ...read more
Gap sportwear brand wins "hot retailer" ICSC award
- Posted:
- 25 May 2011 09:53
Gap's women's sports brand Athleta has been awarded the International Council of Shopping Centres (ICSC) 2011 "hot retailer" award, an award that recognizes retail concepts that drive consumers into shopping centres around the world.Based on a survey of over 55,000 ICSC members worldwide, Athleta was chosen as one of the ...read more
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