Updated 5:59 am PST, Monday, January 28, 2019 British Union flags fly in front of The Houses of Parliament in London, Tuesday, Jan. 22, 2019. British Prime Minister Theresa May launched a mission to resuscitate her rejected European Union Brexit divorce deal, setting out plans to get it approved by Parliament. less British Union flags fly in front of The Houses of Parliament in London, Tuesday, Jan. 22, 2019. British Prime Minister Theresa May launched a mission to resuscitate her rejected European Union Brexit divorce ... more Photo: Frank Augstein, AP Photo: Frank Augstein, AP Image 1 of / 4 Caption Close Image 1 of 4 British Union flags fly in front of The Houses of Parliament in London, Tuesday, Jan. 22, 2019. British Prime Minister Theresa May launched a mission to … [Read more...] about The Latest: UK food retailers warn of price hikes, shortages
PUBLISHED: 09:25 28 January 2019 | UPDATED: 09:25 28 January 2019 Monica and Martin Lott of Miss Shoes and Fuel Your Own Fashion at their Hellesdon warehouse base.; Photo by Simon Finlay Archant © 2011 01603 772434 A family-run online fashion retailer, Miss Shoes, and it’s spin-off brand Fuel Your Fashion Online (FYFO), has fallen into administration. The Norwich-based team of 20 have appointed administrators Price Bailey to carry out the process and ensure maximum returns to creditors. It is not yet known what the impact on staff will be.The business, based at Hellesdon Park Industrial Estate, was an online-only operation and sold footwear and other accessories. It began in 2007 as a hobby businesses for Martin and Monica Lott, who met at the University of East Anglia and later decided to combine their two passions; computers and shoes. At the time, Mrs Lott was studying for a masters degree in economics and Mr Lott was completing his PhD in the field of biology.The … [Read more...] about Norwich’s online fashion retailer Miss Shoes tumbles into administration
Jan 27, 10:09 PM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury National By Vishakha Sonawane @VishakhaNS 07/16/17 AT 9:00 AM Many of us often head to local malls to lift our moods when we feel low. To pamper ourselves, we indulge in shopping and try to find solace by buying clothes, accessories or even gadgets. But is the retail therapy for real and does it actually help? “The important thing about retail therapy is not in the buying, although there is often a big buzz in the moment of purchase, but the process of looking. Like a treasure hunt, it is the journey not the destination that is most real fun,” according to the self-help website ChangingMinds.org.Read: Startup's Electric Headband Could Ease DepressionIn 2015, a study published in the journal Psychology and Marketing found shopping helped in lifting moods. Researchers examined the impulsive behaviors of participants due to … [Read more...] about What Is Retail Therapy And The Psychology Behind It?
Danish toy store Fætter BR decided to pull the plug in December 2018, after a long period of poor sales typical of the increasing difficulty experienced by the retail sector. Increasing competition from online retail and changing consumer habits are putting pressure on sales figures and creating gaps in sectors of the retail industry, according to analysis conducted by Danske Bank, which took in 300 retail companies in Scandinavia. The analysis is based on comparisons of results in 2013 with 2017, and found that clothing, shoes, sports, leisure and electronics stores were those experiencing the greatest difficulty. “This is an industry under pressure in present years. Turnover is not growing as much as before, and profit margins are under pressure at the same time,” Danske Bank economist Louise Aggerstrøm said. “That is first and foremost due to the tough competition. That comes from online retail and the competition between large companies. It makes … [Read more...] about Bankruptcy of Danish toy store chain reflects pressure on retail sector
Amazon is developing a fashion app that will “revolutionise” clothes shopping by allowing customers to try on outfits with a ‘virtual mannequin’ created from social media photographs. In a development experts fear will threaten the High Street, the American online giant has lodged a UK patent to scour “selfies” and online calendars to predict clothes a person may like or need. It would “data mine” pictures saved on a phone or computer to produce an Augmented Reality image of the customer actually wearing clothes on sale, potentially eliminating the need to visit a shop’s changing room. The app would also analyse photographs and appointments to establish a person’s job, the climate they live in, how they spend free time and suggest outfits for upcoming events or accessories for other things they own. The patent application, seen by the Sunday Telegraph, says customers could swipe to like or dislike garments their mannequin … [Read more...] about The future of fashion retail is just a swipe away, an Amazon patent reveals