Retail Recap: The important openings and partnerships of August 2023
As August comes to a close, the retail sector reflects on an overall positive month. Inflation slowed as retailers headed back to the high street. August saw a continuing trend of retailers increasing their brick-and-mortar presence as in-person retail flourishes and customer demand grows for experiential in-store experiences.
Throughout the month, there has been a mixed bag of trading updates. Companies such as Marks & Spencer and TK Maxxraised their fiscal expectations. However, companies such as Sweaty Bettylowered their outlooks as revenues flatlined.
TheIndustry.fashion has curated a list of the retail stores that have opened this month, as well as a number of partnerships from businesses including New Look, Sandro and LoveShackFancy.
Purpose-led fashion brand Scamp & Dude expanded into London and Edinburgh
The new Glasgow Fort store will be Primark’s fourth in the Scottish city, and its 21st in Scotland, and is slated to open in early 2025. Meanwhile, in the coming weeks, Primark will open a new store in the cathedral city of Salisbury in Wiltshire.
Lids doubled store size at The O2’s Icon Outlet and Calvin Klein to upsize for autumn
The new M&S store is part of the retailer’s plans to invest approximately £480 million in its store rotation programme, which aims to create an M&S store estate “fit for the future” and create over 3,400 new jobs nationwide.
Victoria’s Secret to return to Bristol this November
ASOS partnered with Rokt for targeted post-purchase promotions
ASOS Media Group partnered with Rokt, the e-commerce technology platform that uses machine learning and AI to make transactions more relevant to each shopper, to deliver more targeted post-purchase promotions.
Wagamama’s uniforms underwent a sustainable makeover powered by Pangaia
The “strategic partnership” saw Shein acquire approximately one-third interest in SPARC Group, which also designs, manufactures and distributes brands including Brooks Brothers, Eddie Bauer, Lucky Brand, Nautica and Reebok.
British heritage brands Mulberry and Paul Smith joined forces on handbag collection
Powered by ZigZag’s returns platform, the kiosks provide a free and convenient return option for customers. This will significantly reduce the amount of time spent by in-store staff processing returns, whilst improving data collection.
AMI tapped into to ‘rugbycore’ trend with a collaboration collection with player Antoine Dupont
In honour of the friendship forged with Harrods over nearly seventy years, Dior presented its fall 2023 women’s collection by Maria Grazia Chiuri with a series of pop-up shops across the ground floor at the department store.
True Fit and Shopify partnered up to make AI fit personalisation available to all retailers
Shopify merchants can now connect their brand to True Fit’s Fashion Genome, the broadest and richest globally connected apparel shopping platform, to build confidence in the buying journey and reduce fit-related returns.
Nobody’s Child partnered with Just A Group for sales and distribution