Consumer Fast Fashion Promotions Retail Marketing 
Retail Gazette
OCTOBER 6, 2023
Drapers reported that the decision to withdraw cover was down to macro-economic pressures as consumers reduced their discretionary spend. It comes as the retailer’s operating profit plunged 17% to £123.8m in the 39 weeks to 1 April 2023, down from £150.2m. Group sales remained flat at £1.6bn due to 2.5%
Inside Retail
MAY 31, 2023
Like Shein, Temu offers discounted fashion and lifestyle goods, but unlike Shein it sources and ships directly from manufacturers in China. That means it can promote thousands of Chinese small businesses and micro-brands yet need not store any inventory. More than half of its followers are Gen Z consumers who prioritise low-cost goods.
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