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UK Fashion Retailers Shift Spending From High End To Online

January 22, 2017: 12:00 AM EST
UK's leading fashion retailers are shifting their capital spending from the high street to online shopping. During the holiday season, online shopping was the leading sales growth driver for the sector. Marks & Spencer is spending money on apps, its online store, and logistics. Department store operator John Lewis said it was reducing staff bonuses in order to invest in its online operations.
Kate Holton, "UK High Street Retailers Race to Keep Up with Online Demand", Reuters, January 22, 2017, © Reuters
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