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BRC footfall report echoes MRI Software with little year-on-year movement

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The February footfall reports are coming in and after MRI Software’s assessment on Thursday that footfall was down marginally, the British Retail Consortium on Friday was a bit more upbeat, pointing to a “small bounce”.

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But that bounce was very small — amounting to almost flat figures — and coming after a much busier January, February’s figures weren’t exactly exciting.

The BRC-Sensormatic Footfall Monitor is calculated using precise shopper numbers entering retail stores across the UK and it showed total footfall up 0.2% year on year. That was lower than the 6.6% jump seen in January.

High street footfall rose 0.1% (down from January’s +4.5%), while retail parks were up 2% (+7.9% in January) and shopping centres rose 0.1% (+7.4% in January).

Wales was the most buoyant of the four UK nations with a 2.7% increase while England rose only 0.2%. But Northern Ireland and Scotland dipped slightly, by 0.1% and 0.3%, respectively.

BRC CEO Helen Dickinson highlighted that “footfall increased for the second consecutive month, with retail parks continuing to outperform other retail destinations. The variety of larger retail outlets and the option of free parking enticed customers to visit retail parks over their local high street or shopping centre, which saw only marginal improvements. Strong investment in retail parks and fewer empty stores has led to consistent positive shopper traffic over the past year”.

And Andy Sumpter, retail consultant EMEA for Sensormatic, added: “After January’s jump-start, retail footfall in February stalled, with retailers seeing only the slimmest improvements compared to 2024 last month.  

“While the good news is that shopper counts remained steady, many would have been hoping for a more substantial leap building off a strong start to the year.  

“Retail Parks, consistently one of the top performers in 2024, once again outstripped other retail destinations in February, as the convenience and choice built into their retail offerings again proved popular with customers. With Easter falling late and well into April this year, this will, undoubtedly, put added pressure on retailers as we head into March.”

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Gap surges on strong sales led by ‘impressive’ namesake brand

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Bloomberg

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March 9, 2025

Gap Inc. soared after strong quarterly sales showed that Chief Executive Officer Richard Dickson’s turnaround playbook is working.

Gap x Cult Gaia

The retailer exceeded analyst estimates for comparable sales, led by better-than-expected results at the namesake brand, Old Navy and Banana Republic. Athleta, the struggling athleisure brand, posted an unexpected decline.

Gap shares surged 17% in trading before US markets opened on Friday. The stock had fallen 18% this year through Thursday’s close.

The performance of Gap’s namesake brand was “particularly impressive,” Paul Lejuez, an analyst for Citi wrote in a research note. The unit’s comparable sales rose 7%, topping Wall Street’s prediction for an average gain of 1.7%. This performance suggests it’s resonating with consumers, he said. 

Under Dickson, the company has leaned into celebrity partnerships and is refreshing its leadership roster, including appointing fashion designer Zac Posen as creative director.

Gap sees revenue flat to up slightly in the current quarter. Analysts surveyed by Bloomberg were looking for 1% growth, on average. For the full year, Gap forecasts revenue will be up as much as 2%.

The retailer included 20% tariffs on China and 25% tariffs on Canada and Mexico in its forecast. Less than 10% of Gap products are sourced from China and less than 1% are from Canada and Mexico combined, Dickson said in an interview with Bloomberg News. 

“It’s important to note we’ve been operating in a highly dynamic backdrop for the last few years, and we’re expecting the same for 2025,” Dickson said.
 



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EU denies picking on US tech giants, says US also tackling monopolisation

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March 9, 2025

Europe’s new tech rule aims to keep digital markets open and is not targeted at U.S. tech giants, EU antitrust and tech chiefs told U.S. congressmen, reminding them that U.S. enforcers have in recent years also cracked down on these companies.

Reuters

The comments by EU antitrust chief Teresa Ribera and EU tech chief Henna Virkkunnen came after U.S. House Judiciary Chair Jim Jordan and Scott Fitzgerald, chairman of the subcommittee on the administrative state, regulatory reform and antitrust demanded clarifications on the Digital Markets Act (DMA).

“The DMA does not target U.S. companies,” Ribera and Virkkunnen wrote in a joint letter dated March 6 to Jordan and Fitzgerald seen by Reuters.

“It applies to all companies which fulfil the clearly defined criteria for being designated as a gatekeeper in the European Union irrespective of where they are headquartered,” they said.
Ribera and Virkkunnen also dismissed criticism that the DMA hinders innovation.

“By preventing gatekeepers from engaging in unfair practices vis-à-vis smaller companies, the DMA keeps the door open to the next wave of innovation in vital digital markets,” they said.

They pointed to similar concerns of unfair practices that led to U.S. antitrust investigations and lawsuits filed under the first Trump administration and other recent actions against Alphabet’s Google, Amazon, Apple and Meta Platforms.

Ribera and Virkkunnen also rejected claims that EU antitrust fines are a form of European tax on American companies. U.S. President Donald Trump in a memorandum last month threatened to impose tariffs against countries which impose fines on U.S. companies.

“The objective of DMA enforcement, as in any other piece of EU law, is to ensure compliance – not to issue fines. Possible sanctions, also common to U.S. laws and regulations, are not an end in themselves but a prerequisite for credible engagement,” they said.

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Paris Sunday: Akris, Valentino, and Balenciaga

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Three storied brands chronologically staged very disparate shows in Paris on Sunday – Akris, Valentino and Balenciaga. Their extreme differences an expression of the richness of the world’s most important runway season.
 
 

Akris: Clothes for brainy girls

If one really wants to know what the world’s lady decision makers are going to wear next winter, then an ideal place to start is at an Akris runway show.

Akris – Fall-Winter2025 – 2026 – Womenswear – France – Paris – ©Launchmetrics/spotlight

Though the biggest advance was in a new series of rather remarkable materials: classy high-ridge corduroy seen in great coats and or coat dresses in impeccable wool blends.
 
Albert Kriemler’s big idea was expressed by the word Cyan, a Greek word denoting a certain hue of blue. But, in the end, working with an array of blues – indigo, cobalt, azure, lapis, admiral and, of course midnight – often flattered by the accessories, feathers trimming pumps, handbags or earrings.

Few brands create a more complete wardrobe than Akris. Perfectly polished suits to host board meetings or sign treaties; elegant grenadier cut parkas or denim dusters for weekend strolls.
 
Arty cocktails for art openings; or grand gowns for the Vienna State Opera or the Met in New York.
 
This season, Albert teamed up artist Alyson Shotz, and the resulting spiral and smoky prints were used cunningly in gallery owners’ sheathes or dramatic coats.

Akris – Fall-Winter2025 – 2026 – Womenswear – France – Paris – ©Launchmetrics/spotlight

All working together in a hyper-synched show staged flawlessly inside the remarkable medieval church College des Bernardins – just across the Seine from Notre Dame. Winning the self-confident but rather shy Albert one of the greatest ovations of his storied career.
 
Working with a new DJ Terence Fixmer to create a soundtrack that managed to be ethereal and industrial at the same time. Known for spinning inside Berlin’s dark and crazy nightclub Berghain, where parties can last three days. Leading one to ask the great intellect of Mittel European fashion, Albert, had he gone clubbing there himself?
 
A question which was met with an open mouth, a swallow and a faintly little boy shrug, but not a yes or no. Suggesting Kriemler was not unfamiliar with the dark side of Berlin.
 

Valentino: Gray Gardens in a Berlin nightclub toilet

At times watching this latest collection by Alessandro Michele one found oneself asking whether Michele had signed to work for Valentino, or had Valentino signed to work for Michele, or so self-indulgent was the whole event.

Valentino – Fall-Winter2025 – 2026 – Womenswear – France – Paris – ©Launchmetrics/spotlight

Guests were invited into a large, sweaty black box along the Seine, to find themselves surrounded by some 70 toilet cubicles, everything inside the tent painted in founder Valentino Garavani’s sinful red. Pre-show, Michele’s old buddy Jared Leto and various K-pop stars took turns preening in front of cheap bathroom mirrors, again bathed in red fluorescent light.
 
Eventually, the show began as the cast took turns exiting their red cubicles to a thunderous soundtrack. After that, it was the case of the usual Michele suspects. Though, thankfully, Alessandro is a sufficiently inventive designer so the combinations looked fresh.
 
Opening with crisp pant suits; or peak shoulder skirt suits with three-inch fur trim. But, since we were in a loo, adding a good transgressive dollop. Starring gals in knickers and leotards undone at the crotch; some in satin bow bustiers and jeans; and others in long flowing silk skirts topped by full sheer mesh tops. 
 

Valentino – Fall-Winter2025 – 2026 – Womenswear – France – Paris – ©Launchmetrics/spotlight

The cast done up with pale, goth makeup, endless Edie Bouvier Beale headbands and sunglasses. Not what most ladies wear inside public toilets, especially in Berlin, or Ibiza.
 
The show did have some kicky clothes – beautifully draped silk ribbon cocktails; silver ruffled lace frocks and snakeskin print knit dresses. And for guys, debonair blazers; or disco dragoon double-breasted jackets worn with red silk hunting shirts; and one fabulous funnel neck dressing gown/coat in beige cashmere.
 
No one could ever accuse Alessandro of not having a fertile imagination.  Though quite why he chose checkered flag sneakers, the sort of finds in discount bins on 14th street, was hard to fathom.   
 
The show ending with thunderous music, a blend of classic and industrial including a remix of “Ailanthus” by Julia Kent. A bombastic show, but not a brilliant one.
 

Balenciaga: pure and unadulterated 

Those who love their fashion to be dark, tough, after-hours and frequently all-weather chic should not have missed the latest show of Balenciaga by designer Demna.
 

Balenciaga – Fall-Winter2025 – 2026 – Womenswear – France – Paris – ©Launchmetrics/spotlight

The bare necessities of a show this season, with a narrow, claustrophobic catwalk with 20-foot high curtains on either side. Everything element of the show set done in black.
 
A loud public warning by an MC to take our seats and one minute of “Moonlight Sonata” by Dr. Death + Mr. Vile, before we plunged into Demna’s singular world.
 
Opening with simple basics: a guy in a black suit and tie who could have passed for show security. A lad in dark pants and down vest that might have been from Uniqlo. Then the action kicked off with Demna daguerreotypes: a hyper cool matelassé padded bustier jacket, for guys and girls; a rock god leather redingote; a ribbed knit for guys that reached the knee.
 
Lots of returning refugee style, with guys in torn tank tops; outback rider boots and denim jackets with fur hoods so large the whole face was hidden.

Balenciaga – Fall-Winter2025 – 2026 – Womenswear – France – Paris – ©Launchmetrics/spotlight

In the end, this was a statement show, by a gentleman who was a refugee from Sokhumi, the capital of the Georgian province of Abkhazia, a breakaway bandit state foisted on the local population by Putin.
 
Refugee chic is not just a trendy style statement. It is an indication in a runway show of the dangerously possible price that Eastern Europe could pay for Donald Trump’s embrace of the totalitarian leader of Russia.
 

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