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.
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.
Many retailers are struggling on the high street but it’s not just down to shopper belt-tightening and the shift to online: consumers are continuing to prioritise leisure over retail spending.
GlobalData estimates that ICT spending within the Asian retail will exceed 31 billion this year and growing at 5% per year. The retail sector is moving IT spend from a ‘keeping the lights on,’ mode to one where investing in technology is essential to permanently and irreversibly change their business.
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.
For Mothercare to survive it needs to reignite its reputation as a trusted specialist by outperforming competitors on customer service and instore experience. Its proposed CVA to close 50 stores and reduce rent on 21 others, alongside cash generation from shareholders, is necessary but will not guarantee a profitable future.