Latest Intelligence on Accessories in Europe

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Type Product title / description Pub Price
CommentWire
CommentWire

ASOS: increased spending must not perpetuate losses

Online clothes retailer ASOS has reported an interim loss of GBP120,000, despite reporting sales growth of 78%. Although the loss was a result of increased investment in new ranges and greater warehouse capacity in anticipation of the Christmas rush, the company will need to keep a tight rein on its processes to ensure costs do not escalate.

Published By Datamonitor
01 Dec 2005
CommentWire
CommentWire

Mulberry: return to fashion roots provides sales boost

Luxury goods group Mulberry made more profit in the first half of 2005 than it did in the whole of last year, thanks to soaring popularity of its designer bags. Although current fashion trends are certainly helping, by returning to its roots of luxury leather accessories, Mulberry has produced an impressive turnaround.

Published By Datamonitor
09 Dec 2005
CommentWire
CommentWire

H&M: strong UK position provides sales turnaround

Europe's largest clothing retailer Hennes & Mauritz announced yesterday that it had met its goal of reversing a two-year slide in same-store sales by introducing more tailored garments and designer collections. The fact that H&M's UK business delivered sales growth ahead of space growth in the first six months of 2005 also bodes well for the retailer's full year.

Published By Datamonitor
16 Dec 2005
Expert View
Expert View

Next trading statement offers hope on Christmas performance

Next's trading update for Christmas 2005 is one of the first significant indicators of how British retail fared over Christmas. The fashion retailer's modest turnaround in like-for-like sales has seen Next shares rise to a 12-month high. Yet while the figures look promising, they do not reflect the bigger picture and should not be treated as a reliable barometer for the whole market.

Published By Datamonitor
06 Jan 2006
CommentWire
CommentWire

Sock Shop: third time unlucky for specialist chain

The highly niche socks and hosiery retailer Sock Shop has collapsed for the third and possibly last time in its short 22-year history. There is little demand for the product and time-poor consumers are more likely to buy socks with their groceries than make a trip to the specialist retailer.

Published By Datamonitor
26 Jan 2006
CommentWire
CommentWire

Primark: on the verge of high street notoriety

Although Primark has gradually been reaching a wider audience, there is still room for it to expand on the high street. The discount retailer's extensive store opening program - which will be crowned by the opening of a flagship store on Oxford Street in March 2007 - is certain about to guarantee its status as a major high street name.

Published By Datamonitor
09 Feb 2006
CommentWire
CommentWire

Oasis: targeting the fashion conscience

A range of organic clothes are to be stocked by UK fashion retailer Oasis in response to growing customer demand for eco-friendly products. The trend has led other stores to launch ethically-traded products, however those hoping for an ethical fashion revolution may have to be patient.

Published By Datamonitor
16 Feb 2006
CommentWire
CommentWire

Arcadia: Green's Muse inspires confidence

Philip Green, the owner of Arcadia, is reported to be in the process of creating a new fashion accessories chain called Muse. The store will be pitched as more upmarket than the Claire's Accessories chain, with a more 'edgy' feel than Accessorize. Mr Green has spotted a credible gap in the market and should have time benefit from it before the discounters pile in.

Published By Datamonitor
20 Feb 2006
CommentWire
CommentWire

Radley: bags of potential

Phoenix Equity Partners has bought a 50% stake in Radley in a GBP45 million deal that will see the handbag firm, which currently trades through department stores, develop its own retail chain. Phoenix is keen for the brand to expand in the US and Japan, but it will need to invest heavily brand building if Radley is to achieve the same level of kudos as Jimmy Choo.

Published By Datamonitor
28 Feb 2006
Expert View
Expert View

Accessories still a must-have market

Accessories are less price sensitive than clothing, occupy less square footage and so offer a higher sales density. It is therefore unsurprising that the sector is becoming increasingly competitive as a growing number of retailers look to make their mark. A new report from Verdict Research explains how retailers can maximize their presence in the UK fashion accessories market...

Published By Datamonitor
09 Mar 2006

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