News English — retail

Image source: TheVerge.com Within five weeks of its launch, Pokemon Go has already generated $250m+ of sales (Source: http://on.ft.com/2bcoZiq). Image source: NYTimes.com How can AR be exploited [better] in the Fashion retail industry? Our view is that AR applications in fashion have generated far less than $10m since its early days... whenever that was. AR fitting, AR testing, etc does not seem to be a user case that resonates with a majority of consumers. Has this got something to do with the mindset of the industry? Could there ever be a fashion company producing only Virtual Clothes?   Styleintelligence Fashion...

On a recent visit to the Brent Cross shopping centre in North London we counted no less than nine empty prime shop locations.  The centre's official store count is 120 and we estimate that the total number of prime locations are about half of this. This would mean that the vacancy rate for the shopping centre is 15%. According to LDC the average retail vacancy rate for the whole of the UK was 12.4% in April 2016. The shopping centre vacancy rate was 13.2% in April 2016, down from 14.6% in April 2015. However, compared to the London average of just below 8%, Brent Cross stand...

(Image source: Burberry Plc) The British luxury brand has seen its fortunes reverse since Angela Ahrendts left the company to join Apple. Burberry plans to cut costs by £100m (approx $150m) by 2019. However, since the appointment of Christopher Bailey to the dual role of Chief Executive Officer and Chief Creative Officer the company has not only dropped revenues but has also seen significant cost control measures introduced. Mr Bailey is rapidly losing faith among investors, but has backing from the board, and an additional leader is being sought to work in tandem with Christopher as his duties are thought...

Laundry Athletics Ltd, the company behind the SuperDry brand and headquartered in Cheltenham, United Kingdom, posted a a jump in total revenues for the year to April 30th, 2015 compared to the previous year. The primary driver for the rise was their retail arm. The company has announced it will be investing in developing its own retail network in non-UK locations around Western Europe in the coming year. Superdry currently has 202 own shops. Link to FT.com article (subscribers only)

(Image source: Kathryn Sargent) Founded by Kathryn Sargent in 2012 the company bearing her name has been located in London's prestigious Mayfair on 6 Brook Street. She worked for 15 years with Gieves & Hawkes of No.1 Savile Row, rising to the position of Head Cutter - the first woman to do so in the entire history of Savile Row. Today she travels the world creating expertly-crafted pieces for ladies and gentlemen with only the most discerning of tastes. (Image source: Kathryn Sargent) This spring Kathryn Sargent returns home to Savile Row to take up residence on the street that...