UK retail gift card sales fell by 3.1% year-on-year in the second half making it clear that consumers are still favouring gift cards when buying presents for friends and family.
Primark seems to have almost fully recovered from the pandemic with a trading update on Monday showing sales and profit margins bouncing back.
Investment is continuing to flood into London’s West End to support a major regeneration of the UK capital’s premier shopping district following the pandemic. A new scheme will see £1 billion pumped into the region.
Stockmann — owner of its eponymous department stores and the Lindex brand — said 2021 was a year of “a strong turnaround”, with both divisions buoyant in Q4 and Lindex seeing its best-ever full-year figures.
Studio Retail only appointed administrators this week but it’s already been sold. And the new owner is Frasers Group. The Mike Ashley-led retail giant already owned an almost-30% stake pre-administration
It’s a busy time for Authentic Brands Group. On the same day as it announced its New Guards link-up for Reebok, it also revealed a major new strategic partnership with David Beckham.
Any hopes that Studio Retail might turn around its fortunes have been dashed as it has formally called in administrators. The online retailer has appointed Teneo to handle its collapse, with around 1,400 jobs at risk.
UK families are "cautiously optimistic” about what the rest of 2022 will bring, despite growing concerns around health and the environment, according to the latest M&S Family Matters Index.
Demand for new stores in central London is at record levels as the capital’s retail sector continues to recover from the pandemic, research from property firm Colliers shows.
UK retail sales volumes rose above seasonal norms in February, as shoppers returned to high streets on the diminishing threat of Omicron, the latest CBI quarterly Distributive Trades Survey shows.
Social media has long been touted as a key future channel for products sales and it seems that the future is already here as far as beauty is concerned.
IKEA said on Thursday it would invest £1 billion in London over three years, as it opened the doors to its first high street store in Britain in the capital's Hammersmith district.
Together Group, a global collection of agencies focused on luxury and lifestyle, has announced the acquisition of “significant stakes” in five founder-led companies as it grows its offer of full-service solutions.
Reports this week suggested that what could be one of luxury’s biggest deals yet is being considered. LVMH is said to be in talks around a possible Ralph Lauren buy.
Any hopes of seeing last week’s retail footfall numbers continue to rise across the UK were severely blown off course by Storm Eunice and Storm Dudley, They left their marks across all destinations, two reports show.
