A round up of the best fashion business stories from the bank holiday weekend’s newspapers.
- Supermarkets are killing local communities, said retail guru Mary Portas in a Radio Times interview picked up across the nationals, including The Daily Telegraph. Urging consumers to support local shops, she added that the rise of the supermarket giants is killing off Britain’s small shops and has replaced the neighbourhood shopkeeper with “the faceless mute on the till at Tesco”.
- The Sun launched a competition on Saturday to give its readers the chance to become the next Marks & Spencer lingerie model. The winner will model the retailer’s DD+ range on posters in M&S stores and on billboards across London and in the winner’s home town.
- The Sunday Telegraph’s magazine Stella interviewed Emma Hill, creative director of Mulberry, who previously declared that the “it-bag” was dead, about the phenomenal demand for the Alexa bag, which currently has an online waiting list of 9,000. Hill stands by her claim. “I think those days of – and I thank God – people staggering down Bond Street with bags and bags and just buying stuff for the sake of it, they’re gone. I think superbrands are probably more affected by that. We’re more heritage.
- Achilleas Constantinou, chief executive of fashion wholesaler Ariella, wants to exploit demand for the company’s cocktail dresses and eveningwear in Russia, Japan and China, The Daily Telegraph reported on Monday. He added that with the “right kind of [financial] backing” he could turn Ariella, which supplies department stores and indies, into a £100m business in ten years.
- The Financial Times reported that many retailers are unprepared for a sharp decline in the number of teenagers over the next decade. The figures, from FT analysis of Office of National Statistics’ figures, found that the number of teens, including high-spending females, will drop by 9% - or 4.9m – by 2017. Maureen Hinton from retail analyst Verdict Research said smaller retailers are too focused on the current season.
- British consumers have to pay an average of 44% more to buy “green” products than they pay for standard alternatives, according to a study by the Centre for Retail Research. Reported in The Daily Telegraph on Saturday, the study found that despite increasing awareness of environmental issues, green products accounted for just 2.3% of total British retail sales or £8bn last year. Sales of eco-friendly, sustainable, recyclable and low-energy products are predicted to increase by 112% to $17bn over the next five years.