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More UK retail workers than ever at risk of quitting – report

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More UK retail workers than ever at risk of quitting – report


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September 6, 2025

More than half of UK retail staff were at risk of leaving their jobs during spring than at any other time in the last two years over concerns around the insecurity of retail employment.

Photo: Pexels

Some 54% of retail workers were a ‘flight risk’ between April and June, a 19% increase from the previous year, according to the latest Retail People Index from the Retail Trust and AlixPartners.

It is also the highest percentage that the Retail People Index has recorded since it began tracking wellbeing across the sector two years ago.

More than 600 employees were surveyed, and answers to questions about pay, recognition, development and work-related anxiety were among those used to help calculate the flight risk score, which shows the likelihood of employees leaving their jobs.

Overall, wellbeing fell seven points year-on-year, from 66 to 59, and the number of retail staff working while feeling physically or mentally unwell rose by 12%, to 44% of all employees. 

The report says its findings follow separate data from the Office for National Statistics (ONS), which shows that there were 93,000 fewer retail jobs in March 2025 than in March 2024. The ONS also recently revealed that retail saw one of the largest drops in job vacancies between May and July 2025 compared to any other sector.

According to the Index, the impact of leading under-resourced teams has contributed to a decline in happiness levels among retail managers, which fell by 11%. This marks the first time that managers have reported feeling unhappier than non-managers since the publication of the first Index. 

Many managers reported feeling unfairly paid and unrecognised for doing something well. Meanwhile, the number of retail workers reporting a positive relationship with their manager also dropped to its lowest level in two years.

Chris Brook-Carter, chief executive of the Retail Trust, said: “Our research has previously shown retail workers tend to be at their happiest going into the summer, once the busy winter is well behind them, but ongoing insecurities around jobs, finances and the political climate are continuing to take their toll on people working in retail.  

“The rising employment costs announced in last year’s budget are placing huge economic pressures on the sector and we’re seeing this felt most severely by those working in management roles right now. They are the ones having to hold often under-resourced and unhappy teams together, and our findings suggest they feel inadequately supported for doing so.”
 
He added: “The financial pressures impacting the retail sector are largely outside of employers’ control, but there is an urgent need to address the particular burden this is now having on managers and to prevent the knock-on effect it will also have on their teams. Providing more training and support for leaders to look after themselves and those working for them is crucial if we are to prevent a further decline in morale, higher turnover and greater instability at a time when resilience is more important than ever.”
 
Laura Bond, a director at AlixPartners, also said: “This quarter’s Retail People Index reveals urgent challenges for retailers. With 54% of employees looking to leave their roles – the highest flight risk since our tracking began – and wellbeing scores dropping to 59%, below the critical 60% threshold, it’s clear that employees are struggling. Presenteeism rates have soared to 44%, the highest level seen in 18 months, while manager-employee relationships have deteriorated and reached a 24-month low.
 
“The seasonal spring wellbeing ‘bounceback’ is absent this year, and managers, traditionally the most resilient group, have seen an 11% decline in happiness year-on-year. Retailers must fundamentally shift their workplace culture to address these deeper issues, investing in manager support, overall morale, and staff wellbeing. Failing to do so risks continued talent loss, weakened service, and operational strain in an already challenging market.”

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European luxury groups hedge bets on predicting China comeback

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European luxury groups hedge bets on predicting China comeback


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Reuters

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October 22, 2025

Europe’s luxury companies, from LVMH to Hermes and L’Oreal, are tentatively pointing to signs of a revival in China, but are also cautious about calling the turn on one of their biggest markets after a two-year slump.

L’Oreal’s beauty brands include Lancôme – Divulgação

The $400 billion luxury sector has been hit hard by the downturn in China, which accounts for around a third of global luxury sales as Chinese shoppers snapped up Louis Vuitton and Birkin bags in Shanghai malls as well as in New York and London.

Now there are glimmers of hope that the worst may be over even though China’s troubles continue, with economic growth that is likely to have slowed to a one-year low in the third quarter as a prolonged property downturn and trade tensions hit demand.

LVMH’s more upbeat sales report last week spurred an $80 billion rally in luxury shares on optimism about a China revival, but luxury companies reporting this week have painted a mixed picture.

“I’m always very careful about China because one quarter doesn’t make a trend. But overall the market has gone into positive territory,” L’Oreal chief executive Nicolas Hieronimus said after the company reported its first China growth in two years, though missed sales forecasts, sending its shares down around 6% on Wednesday.

Hieronimus said the key driver had been the beauty group’s luxury division, which includes high-end brands like Lancome and Helena Rubinstein skincare. He said investors should not get over-excited given China’s tough economic conditions. The big focus was the mega Singles Day shopping festival on November 11. “Many times at the end of the year it’s between China’s 11/11 and the holiday season in America and Europe. So fingers crossed,” he said.

French luxury goods group Hermes on Wednesday flagged a “very slight improvement” in China, but its third-quarter sales came in below expectations, hitting its shares which fell more than 4%.
Eric du Halgouet, executive vice-president Finance, told analysts that the important October Golden Week holiday in Mainland China had seen “more dynamic activity”.

“We can’t extrapolate to the entire quarter, but it’s an encouraging sign,” he said, adding there had been a marginal improvement in foot traffic helped by a focus on higher-value products from more expensive watches to jewellery. “That said, we must remain cautious,” he added. “There are some positive signs, such as the evolution of stock markets and the stabilisation of the real estate market in certain major cities. These are elements that are encouraging us.”

The focus on high-end luxury could curb the benefits for more mainstream luxury and consumer product companies, which are under pressure in China as consumers shift to local brands and tighten their belts given general economic uncertainty. Deutsche Bank said in a research note that companies like L’Oreal had limited upside in China with credit growth waning, and growth skewed towards certain provinces.

LVMH has been the most bullish so far on China. The luxury group’s shares had their best day in over two decades last week after signs of improved demand in mainland China where sales turned positive for the first time this year.

Hermes, Gucci-owner Kering, Richemont, Burberry and Moncler all gained on hopes the industry’s two-year downturn was bottoming out.

Cecile Cabanis, LVMH chief financial officer, said last week China was stabilising, with mid-to-high single-digit local growth. Chinese tourist spending was still sliding but less than before. There were signs of restocking of cognac brand VSOP.

She said Vuitton had seen a “very steep improvement” in China sales, while Dior and Sephora had seen a better performance.
“It’s very encouraging,” she said, though highlighted that the economic picture in China had not changed fundamentally.
“We still have the real estate market, which is complex. We still have a high unemployment,” Cabanis said. “So we consider it’s still going to take time until we have a rebound on China as a whole.”

© Thomson Reuters 2025 All rights reserved.



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Giva debuts two-hour fine jewellery deliveries in Bengaluru

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Giva debuts two-hour fine jewellery deliveries in Bengaluru


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October 22, 2025

Fine jewellery brand Giva has launched a two-hour delivery service in the Bengaluru metro area as the business continues to expand its omni-channel operations and cater to festive demand.

Giva specialises in modern and fusion style jewellery – Giva

 
“At Giva, we understand that celebrations often happen in the moment and so should gifting,” said Giva’s chief revenue officer Anirudh Kudwa in a press release. “With our new two-hour delivery model, we’re bridging the gap between intent and experience… our customers can now count on receiving authentic, beautifully crafted jewellery in gold, silver, or lab-grown diamonds within hours. This innovation reflects our belief that fine jewellery should move at the same pace as our customers’ lives – fast, reliable, and ready to celebrate every moment.”
 
Giva’s new ‘Shipping from Stores’ model delivers gold, silver, and lab-grown diamond jewellery with the aim of making shopping more seamless and spontaneous during this traditional time for gifting jewellery, according to the business. The initiative was conceptualised, developed, and implemented in-house by Giva’s tech team and leverages hyperlocal fulfilment technology, real-time store inventory, and intelligent order routing with stores serving as fulfilment points.

Giva opened its first store in Bengaluru in 2022 before the silver jewellery brand expanded into gold and lab grown diamonds in 2023. Giva reported a 66% increase in its consolidated revenue from operations in the 2024 financial year, totalling Rs 273.6 crore.

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Advent International considering $2 billion sale of Parfums de Marly business, FT reports

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Advent International considering  billion sale of Parfums de Marly business, FT reports


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Reuters

Published



October 22, 2025

Private equity firm Advent International is in early discussions to potentially sell its Parfums de Marly business as soon as next year at a likely valuation of more than $2 billion, the Financial Times reported on Wednesday.

The Valaya Exclusif scent by Parfums de Marly – DR

The Boston-based investor is yet to hire bankers or make a final call on a potential divestment, FT said, citing people familiar with the matter.

The Paris-headquartered company, which owns the Initio Parfums Privés brand of fragrances, could draw bids from fellow buyout investors and fragrance peers, it added.

Reuters could not immediately verify the report. Advent International and Parfums de Marly did not immediately respond to Reuters’ requests for comments.

The potential exit follows a wave of consolidation in fragrances, which have outpaced the wider beauty industry. Earlier this week, Kering agreed to offload its beauty operations to L’Oreal in a 4 billion euros ($4.66 billion) deal that hands the French cosmetics leader the Creed fragrance line and 50-year licenses for Gucci, Bottega Veneta and Balenciaga scents.

Last month, Coty kicked off a strategic review of its consumer beauty unit, including brands CoverGirl and Rimmel, to sharpen its emphasis on premium perfumes. 

© Thomson Reuters 2025 All rights reserved.



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