More mainly bad news about UK retail came Monday. New footfall figures showed store traffic was well down on last year and this weekend won’t offer much relief, even if the five days to Friday should be more buoyant.
House of Fraser has signed a deal with a property-tech startup that will see the UK department stores giant hosting pop-up concessions in stores for small retail brands and expanding its experiential offer on the way.
TSG Consumer Partners, the private equity firm who has offered backing to Revolve, Smashbox Cosmetics, Pureology and E.l.f. Cosmetics among others, has acquired a minority stake in fast growth beauty company Huda Beauty.
The tech giant has compiled a list of ‘Styles and trends', revealing that the top search was for ‘Beauty Blender', the makeup sponge applicator that has become a must-have cosmetics tool over recent years.
Retail giant Inditex isn’t immune to fashion’s negative trends, but the company is certainly doing better than many, saying Wednesday that net sales in the first nine months of the year were up 10% and profit was up 6%.