Affordable fashion retailer River Island has seen a 45% rise in average order value after adding shoppable social content to its website, with dwell time also up, the company it worked with on the technology has claimed.
Last week’s Brexit deal and the pulling of Saturday’s Parliamentary vote have left the UK retail sector back where it has been for the last three+ years, facing an uncertain future as consumers shun unnecessary spending.
Arcadia’s young fashion label Miss Selfridge saw losses widen to £17.5 million last year after it was forced to write down the value of loss-making stores. The brand also suffered a 15% decline in sales.
Arcadia has filed a new set of accounts at Companies House and it gives an insight into how bad trading has been at the business, with a swing to a loss last year. But it's talking up its growth focus for the future.
Arcadia has denied that Sir Philip Green is planning to break up his retail empire and said the turnaround plan is the key focus, despite a press report saying the firm is already separating shared functions.