Since its inception in 2006, Boohoo has become synonymous with success. Recent results...
Since its inception in 2006, Boohoo has become synonymous with success. Recent results announcements, successful sub-brands brands, and exciting developments show that this is not set to change any time soon as the company outperforms its biggest rival.
WH Smith’s share of the stationery market is set to decline by 1.8 percentage points (ppts) to 10.5% in 2018 as discounters and premium players attack its midmarket proposition. The stationery specialist must improve its product, pricing strategy and shopping experience to combat its underperforming stationery category.
Despite announcing plans to reduce its store numbers from 59 down to 28, focusing on fewer stores and its online channel will not be enough to ensure the House of Fraser’s success in the competitive UK retail environment.
Mid-market players Marks & Spencer and Debenhams stand to gain the most from the planned closures of 31 House of Fraser stores, should landlords accept its proposed Company Voluntary Agreement.
The demand for fashion to be fully accessible has led to the increasing influence of social media in the clothing shopper journey. 30.4% of UK clothing shoppers use social media to inspire their clothing choices, up 2.5% on the previous year.
High street behemoth Arcadia last week reported sinking sales across all of its major brands in FY2016/17 as the midmarket retailer struggled to compete. Topshop/ Topman, which accounts for almost half of total sales, experienced a sales decline of 7.7% leading its combined forecast share of the clothing market to fall 1.8% in 2018, down from 2.1% in 2016.
After a slow start to 2018, retailers are hoping for some respite for the remainder of the year and the upcoming FIFA World Cup in June may be the answer to their prayers.