From around the web and the nationals
AURORA FASHIONS, the owner of high street chains Oasis, Warehouse and Coast, said its new internet sales strategy has generated an incremental sales boost of £1.2m in the last six weeks, reports the Financial Times. In September, the retailer’s chief executive Mike Shearwood said it would extend its 90-minute delivery service to 90% of the UK, having invested in delivery systems.
MICHAEL KORS, the US designer lifestyle label, is looking to list in New York, in what could value it at $3.63bn (£2.3bn), according to reports. The brand is looking to raise up to $911m (£582m).
OXFORD STREET and Regent Street will be closed to traffic for an entire weekend, this weekend (Decenber 10,11) extending pedestrianisation of the area from one day. The Daily Mail reports that organisers are expecting more than one million shoppers, hoping it will produce a record weekend for retailers.
CORTEFIEL, the Spanish fashion group, has ended its partnership with Brand Empire, a subsidiary of developer Land Securities due to the tough economic climate in the UK, according to reports. The agreement covered UK store openings for three brands Cortefiel, Springfield and Women’s Secret, with Brand Empire to manage the store openings while the Spanish group took care of the products and merchandising.
CHRISTIAN LOUBOUTIN, Matches and H&M are among the retailers and brands participating in Vogue’s Online Fashion Week, launching today. Vogue.com will host the event, offering users limited editions and competitions plus video content, exclusive blogs and Twitter takeovers. Alexander McQueen, Chanel, Louis Vuitton, Stella McCartney and Nicholas Kirkwood will all provide offers, competitions and unseen content throughout the week. Among the offers include an exclusive competition plus 10% off all online sales at Anya Hindmarch, a Twitter auction for Jonathan Saunders autumn 11 collection and flash sales for Stella McCartney.
SHOPPERS in the UK are embracing technology at a faster pace than other countries, reports the BBC. According to a survey of global shopping habits by KPMG. When buying goods or services, the majority of customers (both in the UK and globally) said they now reference social networks and online review sites.