The festive shopping season in the UK saw a noticeable revival of consumers visiting physical stores as they discovered the joys of shopping face-to-face. And that seems to have benefited London's Oxford Street.
London-based software start-up Emporia has raised over £10 million of expansion funding “to reimagine the e-commerce space”. It’s aiming to bring retail into the metaverse by providing the tech to build virtual stores.
Italian outwear brand Napapijri has launched a capsule collection and accompanying campaign that features Liberty fabrics. The collaboration represents a “re-imagined exploration and travel” through two textile designs.
UK retail vacancy rates improved in the final quarter of 2022 to 13.8%. But before you get too excited, it was only better by 0.1% on Q3 and 0.6 percentage points better than the same period last year.
Castore has wasted little time putting recent fresh funding to good use. The premium performance sportswear brand has added yet another major name to its roster of major professional football clubs – its sixth.
The Swedish group’s investment budget will rise from SEK7 billion to SEK10 billion (€893 million) in 2023, mainly focused on the supply chain and digital tech, but also “sportswear, beauty and home decoration projects.”