Having issued a profit warning at the start of February that sent its shares tumbling, the market braced itself for Joules Group’s interim half-year results on Tuesday morning.
With prices and inflation rising, Deloitte’s new Consumer Confidence Index for Q4 2021 wasn’t going to be a positive read. And don’t expect the upcoming Q1 reading to improve with rising interest rates factored in.
Online retail giant Amazon saw its UK revenues jump 20% in 2021, latest figures show. That’s a huge 82% leap on pre-pandemic levels, as lockdowns and restrictions drove more at-home shoppers to its website.
There’s change under way at M&S’s fashion ops as sourcing directors the Lindsey brothers step down. C&H MD Richard Price told staff Mark and Neal Lindsey are taking “well-deserved retirement at the end of March”.
In what could have a major impact on the central London department stores mix, the Fenwick family is reportedly seeking to sell its Bond Street flagship store for redevelopment.
The organisers of Birmingham’s Spring fair said they saw a busy opening day on Sunday and said “thousands of retail buyers flocked to Spring Fair as it opened its doors for the first time in two years”.
Positive news came from Shaftesbury on Friday with the London-centric commercial property giant saying its recovery remains “on-track”, with its near- and longer-term outlook “remaining positive”.
Selfridges is moving heavily into wellness with a focus on out-of-the-ordinary experiences and products designed to help consumers "discover new routes to happiness and wellbeing that benefit both you and our planet".
The easing of Plan B Covid restrictions in England over the past week has seen consumers returning to London’s West End, which is home to the flagship stores of many of the fashion sector’s biggest retail names.
Positive effects linked to the end of the government’s Plan B Covid restrictions and the beginning of “the great return” of shoppers to UK high streets haven’t fully kicked in, according to Springboard on Thursday.
There’s growth and then there’s Secret Sales growth. The premium e-commerce fashion and lifestyle retailer said it has signed 75 new contracts with multi-brand retail groups and standalone brands in the last 12 months.
The London Stock Exchange has missed out some high-profile IPOs in recent periods and with Klarna planning to list its shares, the British government has launched a charm offensive to try to get it to list in London.
Capri Holdings has reported a 24% surge in sales for the holiday season. And its CEO said "Versace belongs in the category of the most important luxury brands in the world".
Less than a year after it cut its stake in Studio Retail from nearly 36% to around 27%, Frasers group has now increased its stake again, although only by a small percentage.
London’s West End is to get a major financial boost. The capital’s key retail and entertainment hub is to receive £190 million in Westminster Council funding to revitalise the area during its post-pandemic recovery.
