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Brexit costs UK business as much as Covid - report

Brexit costs UK business as much as Covid - report

​Which has been more costly to British businesses, Covid or Brexit? Both, according to ParcelHero. Its research reveals that the “self-inflicted wound” of Brexit has cost UK businesses as much as the Covid pandemic.
Fashion
TikTok is world's fastest growing brand says Brand Finance report

TikTok is world's fastest growing brand says Brand Finance report

​TikTok is the world’s fastest-growing brand, the new Brand Finance Global 500 2022 report reveals. A new entry to the list, it’s up 215% in a year, leading the global revolution in media consumption.
Fashion
Vilebrequin links with IMG for collabs, will expand into new categories

Vilebrequin links with IMG for collabs, will expand into new categories

​Luxe French swimwear label Vilebrequin has appointed IMG to “extend its brand globally through product and brand licensing partnerships, in a multi-year global deal”.
Fashion
Boohoo Group names JD Sports exec as new Debenhams CEO

Boohoo Group names JD Sports exec as new Debenhams CEO

Debenhams has a new CEO. The Boohoo Group-owned online department store retailer has lured JD Sports Fashion multichannel chief to its top post.
Fashion
Penneys to upsize in Hammerson's Dundrum Town Centre mall

Penneys to upsize in Hammerson's Dundrum Town Centre mall

​Penneys, the Irish arm of the giant Primark retail chain, is to spend €14.8 million on moving and enhancing its Dublin flagship destination. The new Dundrum Town Centre store will give "an enhanced shopping experience”.
Fashion
Under-pressure Unilever makes big changes to beauty management structure

Under-pressure Unilever makes big changes to beauty management structure

Unilever is cutting 1,500 jobs and reorganising its structure as it comes under pressure from investors over its sluggish performance. Beauty & Personal Care chief Sunny Jain is also leaving the firm.
Beauty
THG shares even more volatile as they reach a new low

THG shares even more volatile as they reach a new low

​THG shares continued to struggle this week with the business losing almost 20% of its market capitalisation on Monday as the share price headed downwards.
Fashion
Harrods confirms that Bristol's H Beauty will open this spring

Harrods confirms that Bristol's H Beauty will open this spring

​Harrods has confirmed that the Bristol branch of its H Beauty chain will open in the spring. The move follows its debut in Edinburgh last year, at which time it said Bristol would open within the next 12 months.
Fashion
Crossrail's Bond Street delay is blow to retail

Crossrail's Bond Street delay is blow to retail

​The opening of the new Elizabeth Line that’s a key part of the London transport network will happen in the next few months without the opening of the Bond Street Crossrail station, Transport for London has announced.
Fashion
Morrisons' new owners start CEO search

Morrisons' new owners start CEO search

​Morrisons has begun looking for a new chief executive on news that current incumbent David Potts plans to stand down. But the company has plenty of time with Potts not likely to leave for another two years.
Fashion
Springboard 2021 footfall review shows Covid impact, permanent behaviour evolution

Springboard 2021 footfall review shows Covid impact, permanent behaviour evolution

​Footfall to retail destinations has been recovering since the original lockdown in 2020, but 2021 still saw a disastrous fall of 31.1% compared to 2019, tracking specialist Springboard said on Monday.
Fashion
L'Oréal teams up with Alphabet-owned Verily to develop research programmes on “skin health”

L'Oréal teams up with Alphabet-owned Verily to develop research programmes on “skin health”

On Thursday, the global cosmetics giant announced a partnership with Verily, the health division of Alphabet, parent company of Google, to develop research programmes on “skin health.”
Beauty
Savills seeks new occupier for John Lewis Aberdeen store space. Will it switch from retail?

Savills seeks new occupier for John Lewis Aberdeen store space. Will it switch from retail?

A buyer is being sought for the prime retail location in Aberdeen city centre formerly occupied by John Lewis. Real estate advisor Savills has been appointed to fill the 200,000 sq ft, four-storey space.
Fashion
December disaster for UK retail as Omicron and inflation dent sales

December disaster for UK retail as Omicron and inflation dent sales

The UK's ONS has issued its official December retail sales figures and they're fairly bleak. Clothing stores and department stores reported falls of 8% and 6.3%, and were also below levels in February 2020.  
Fashion
Rioja Estates and TORG International join forces on new developments

Rioja Estates and TORG International join forces on new developments

​With outlet centres continuing to be one of the most buoyant retail destination types, it’s interesting that Sweden’s TORG International has forged an alliance with leading UK outlet developer Rioja Estates.
Fashion
UK footfall reacts positively to end of Plan B

UK footfall reacts positively to end of Plan B

​A day after the UK Government announced the end of Plan B restrictions for England, retail destinations saw an uptick in footfall, according to specialist tracking firm Springboard.
Fashion