Data news and archive

First Q1 performances of luxury fashion companies impacted by Trump tariffs and geopolitical tensions

Financial news of the week: Trump Tariffs, Geopolitical Tensions Hit Luxury Sector The first financial results of Q1 2025, reported this week, show that trade tensions and geopolitical uncertainty are weighing on the performance of key luxury fashion groups. First Q1 results reveal slowdown across major fashion houses LVMH posted a 3 percent...

BusinessMember

UK inflation marginally eased in March yet clothing prices rise

Headline inflation in the UK marginally fell in March, however, prices rose in clothing and footwear, reversing trends seen earlier in the year. Prices for the category increased 1.1 percent in the 12 months to March 2025, the Office for National Statistics (ONS) reported, compared with a drop of 0.6 percent in the 12 months to February. ONS...

BusinessMember

‘Fear of regulation’: New BFC-backed report underlines obstacles in development of circular business models

As increasing regulation unfolds in the pursuit of establishing a more circular industry, obstacles and challenges faced by UK brands in their attempts to align with these changes are becoming more and more clear. It is exactly this that is explored in a new report by UK-US consultancy firm Clarasys, backed by the British Fashion Council’s (BFC)...

Retail

US consumers projected to spend 23.6 billion dollars over Easter weekend

Ahead of the Easter weekend, the National Retail Federation (NRF) has released its annual survey projecting consumer spending for the holiday period. Together with Prosper Insights, the organisation said consumers were planning to spend a total of 23.6 billion dollars on Easter this year, up from the 22.4 billion dollars spent in 2024. While...

BusinessMember

Hohenstein takes stake in GTS: 'Data is backbone of circular economy'

The global testing and research institute Hohenstein has acquired shares in Global Textile Scheme GmbH (GTS). With this move, Hohenstein aims to support GTS in automating data exchange along the entire supply chain, the company announced in a press release. GTS enables automated data exchange between suppliers, manufacturers, brands, and...

Retail

GlobalData: UK shoppers expected to spend 2.3 billion pounds over Easter weekend

New data collected by analytics company GlobalData has suggested that consumers in the UK could be on the verge of spending 2.3 billion pounds over the coming Easter weekend. According to a new report from the data firm, 40 percent of shoppers stated they were planning to “spend more this year” over the holiday period. On average, customers are...

Fashion

UK: Athleisure brands welcome boost in popularity as fitness-focused spending rises

New data by consultancy firm CACI has found significant spending increases in gyms and fitness-focused brands, reflecting a behavioural shift among UK consumers that could extend well beyond New Year-motivated resolutions. According to the data specialists, the premium end of the fitness industry benefited the most from year-on-year growth...

BusinessMember

Saks Global Luxury Pulse: Confidence among luxury consumers drops yet optimism is retained

It seems luxury consumers are retaining some level of calmness and optimism despite a drop in confidence elsewhere. According to the latest Saks Global Luxury Pulse survey, 45 percent of luxury consumers reported “feeling calm about the economy” which, while down 12 percentage points on the prior year, was almost on par with those feeling “...

Retail

UK: Weekly footfall grows as high streets entice shoppers

Footfall for week eight of 2025 rose across all UK retail destinations for the fourth consecutive week, as a change in weather conditions enticed shoppers to locations around the country. While overall footfall rose 8.2 percent from February 16 to 22, high streets led the charge with the strongest week-on-week increase at 11.6 percent, according...

Retail

UK: Clothing sales take hit in January despite retail volumes increasing elsewhere

New figures by the Office for National Statistics (ONS) have shown a disappointing January for textile clothing and footwear stores, for which sales volumes fell by 2.7 percent on the month. A reduction in consumer confidence was cited as the cause for the drop in sales, which also contributed to a wider decrease of 1.3 percent in volumes for...

Retail

US: Yearly sales up in January despite consumers holding back

After a busy holiday season, consumers in the US seemed to pull back their costs in January, despite spending being up on a yearly basis, reflecting a strengthened market overall. This is according to new figures collected in the CNBC/NRF Retail Monitor, which revealed that total retail sales across the US for January, excluding automobiles and...

Retail

UK: Footfall up in January despite dreary weather

While the festive season proved disappointing for many retailers, January proved to be a more positive month in the way of footfall across the UK, as figures rose throughout the region. According to data from the British Retail Consortium (BRC) and Sensormatic, for the five weeks to February 1, total UK footfall increased 6.6 percent...