Italian fashion house Cavalli said on Monday it would open a $545 million ultra-luxurious skyscraper in Dubai in collaboration with real estate developer Damac Properties, aimed at reviving the luxury brand.
South London outlet mall Icon Outlet at The O2 said sales during August reached record levels compared to the pre-pandemic period in 2019. Sales rose by 24%, average transaction value grew 11%, and footfall rose 10%.
UK retailers can expect a “tale of two Christmases” this year. According to eBay UK, personal finances will play a major part in consumer choices as the lasting effects of the pandemic will divide spending patterns.
August retail sales volumes surprisingly fell, on a month-on-month basis, in Britain the ONS said Friday. Volumes were down by 0.9%, with non-food store sales volumes down 1%, driven by a 3.7% fall at department stores
The Hut Group continued to go from strength to strength in the first half of the year with group revenue rising almost 45% to £958.8 million year-on-year, and rising 95% compared to the first six months of 2019 (2YoY).
In an optimistic outlook for the upcoming Christmas trading period, The John Lewis Partnership (JLP) is to recruit more than 7,000 temporary seasonal staff across the country — 2,000 more than last year.
FatFace CEO Liz Evans is to join Asda as MD of its George unit, a move widely rumoured since the summer. Meanwhile, The FatFace Group has named Will Crumbie as its CEO, moving up immediately from his current CFO post.
H&M Group’s Q3 sales rose 14% year-on-year (YoY), the Swedish fashion retail giant said on Wednesday. That said, the figure was in local currencies and when converted to Swedish Krona, the rise was only 9%.
Fashion retail giant Inditex said on Wednesday that its recovery is continuing to gain momentum with its sales, EBITDA and net income in the second quarter of its financial year reaching "historic highs”.
There are a lot of unhappy UK consumers who don’t feel Black Friday/Cyber Monday (BF/CM) discounts are all they’re cracked up to be. In fact, nine negative views are revealed in the 'Discounting Playbook' report.
Footfall across UK retail destinations dipped 4.2% week-on-week in the seven-day 5-11 September period, with shopping centres and retail parks bearing the brunt of the decline, latest Springboard figures show.