June saw Britons in an upbeat mood and this led to increased consumer spending at retail, two reports showed on Tuesday. But there are signs of nervousness too as Covid cases rise.
LVMH's Moët Hennessy and Italy's Campari have agreed to team up to invest in wines and spirits e-commerce companies and create a European e-commerce player in the sector.
Hermès reopened its via Montenapoleone store in Milan on July 9 and said it starts a “a new chapter in the history that has linked Italy to the French house since 1987”.
Mamas & Papas wants to become the “global nursery brand of choice”. To this end, the company’s widening its European footprint, signing new partnerships across Central and Eastern Europe.
Positive news for giant retail landlord Landsec. The UK’s largest commercial property firm said Friday it has made “good progress” on rent collections following over a year of widespread pandemic-induced disruption.
Positive news for UK fashion retailers on Friday. Total like-for-like fashion sales skyrocketed 73.7% in June, albeit from a base of -20.9% for June last year, bolstered in part by steady spending online.
‘Freedom Day’, when England completely opens up on 19 July, can’t come quick enough. That’s because there was a mixture of both good and not-so-good news on the UK retail footfall front on Thursday.
As the pandemic caused major disruption in 2020 and early 2021, out of stock messages were frequent. But while they’ve become rarer recently, non-availability of the goods that customers want to buy is still a problem.
The Arnault family have a new interest in the experiential economy, a thoroughly chic new restaurant, backed by Antoine Arnault and located in Paris' grandest square.
Major central London landlord Great Portland Estates (GPE) issued a trading update on Thursday and said that “momentum is building”. It also confirmed that Superdry is exiting its Regent Street flagship.
The Westfield name is going to be much better known in Europe from September with malls giant Unibail-Rodamco-Westfield (URW) set to rebrand six of its locations in four markets on the continent as Westfield only.
Much-higher-than-expected sales of Clothing proved to be the icing on the cake for Sainsbury’s as the UK supermarket giant served up mostly positive results for its Q1 trading period to 26 June.
With Monday 19 July finally signalled as the day England becomes completely free of all Covid-related restrictions, there’s a warning that footfall across UK high streets may never recover to pre-pandemic levels.
Luxury group Mulberry said on Tuesday that its wholly owned French subsidiary is to end the lease of its store at 275 Rue Saint Honoré and exit the property early.
There will be more store closures in UK this summer with news that Dutch variety retailer Hema will exit its six physical locations. It adds to the massive total of physical shops that have shut in Britain.
