London’s Carnaby Street to welcome new retailers

Carnaby Street will welcome four new international retailers this year as property owners Shaftesbury confirm demand is high for a presence in the vibrant shopping district.

Colombia Sportswear will take on 2465sq ft of floor space across two floors as a new flagship destination to mark its 80th year in business. French eyewear brand  Izipizi will open the doors to its new store later this month. Italian youth brand Subdued has also confirmed and the existing Old Legacy store, which has a successful men’s boutique will open its first womenswear store after strong demand.

Addy Williams, Shaftesbury senior retail portfolio manager commented, “We are excited to see the healthy demand from influential international brands wanting to open their first UK store in Carnaby. These brands are seeking a destination with seven days a week footfall and a good demographic customer, coupled with our unrivalled events and marketing strategy that supports the retailers and gives our visitors great customer experiences.

Read the full story here: https://www.retailgazette.co.uk/blog/2019/02/shaftesbury-reveals-new-line-4-international-retailers-open-carnaby/

Amazon sets sights on QVC with launch of Amazon Live

Amazon appears to have set its lights on QVC with the launch of a live shopping channel, Amazon Live. The Live shows will demonstrate products available to purchase via the marketplace, in much the same was as QVC’s own tele-shopping format.

As the live stream runs, a caroseul underneath the feed allows shoppers to easily click through and buy the products being demonstrated. Multiple streams run concurrently, meaning viewers can select the stream that best suits their interesting, bring a degree of personalisation to the standard TV shopping format.

The product range is also diverse, covering items from books and toys to kitchen gadgets and electronics. Brands can stream their own video content to Amazon via an app.

Read the full story here: https://techcrunch.com/2019/02/08/amazon-live-is-the-retailers-latest-effort-to-take-on-qvc-with-live-streamed-video/

US retail sales record biggest drop in nine years

US retail sales were at their lowest level in December for nine years according to the latest figures. According to the Commerce Department, retail sales fell by 1.2% which is the biggest drop since the end of the recession in 2009. Economists had predicted an increase of around 0.2% – the actual figures have just been released due to a delay caused by the government shutdown, with January’s data still to be published.

While retail consumer spending slowed, there were increases in sales at car dealerships and building materials stores.

Read the full story here: https://uk.reuters.com/article/us-usa-economy-retail/u-s-retail-sales-post-biggest-drop-in-nine-years-in-december-idUKKCN1Q31XG