Luxury consumers are embracing the concept of resale and only a tiny 16% feel there’s a stigma in wearing pre-owned items. That’s according to a study conducted among 400 affluent consumers in the UK, US and France.
Fred Perry, which is opening stores in key location at present, made pre-tax profit of £28.3m in the 12 months to the end of March, a healthy year-on-year rise after it had made £21.3m in the previous period.
While pre-Christmas retail may have been disappointing in the UK, it could get worse with yesterday dubbed ‘Takeback Thursday’ on the back of predictions that a huge number of purchases would be returned on that day.
Aspinal of London may have hailed higher sales in its latest trading year, but those sales didn't bring any benefits to its bottom line and the company made a wider loss in the 12 months to March 2019.
Next may have seen full-price sales falling in its physical shops in recent months, but its online strength carried it through and its sales are ahead for the year to date, for Q4 and for the Christmas period.
Hudson’s Bay Co Chairman Richard Baker and his partners have reportedly approached the retailer’s minority stockholders, including bidding rival Catalyst Capital, to potentially raise their take-private bid.
United Parcel Service Inc on Thursday expects to ship 1.9 million gifts and other items back to U.S. retailers as e-commerce fuels an anticipated 26% year-over-year volume surge on “National Returns Day."