In what has been called a ‘mini budget’, the UK government on Friday not only said that it would bring back VAT-free shopping for tourists to Britain but that it would be a better system than the one abolished in 2021.
With the key festive selling season looming, Dior has announced that it’s paying “tribute to the unbreakable ties it has woven with Harrods over nearly 70 years, and to Christian Dior’s love of Christmas celebrations”.
Shopify Inc said on Friday it has introduced a new compensation system that allows staff more flexibility in restructuring their awards between cash and equity, as it seeks to attract and retain workers.
It's finally happening. Nearly 40 years after Battersea Power Station closed as a working power generator, the listed historic site will reopen on 14 October as a major South London shopping and leisure destination.
The retailer is going ramping up its circularity drive in response to demand and wants 45% of its interactions with customers to be based on resale, repair, rental and refill by the start of the next decade.
The operator of 11 premium outlets has made the appointment as part of a “bold growth strategy in which Seang will be defining VIA Outlets’ inorganic growth strategy and executing real estate transactions”.
London’s Oxford Street is slowly returning to its tourist-attraction best. Regarded as the UK busiest shopping destination before the pandemic struck, overseas visitor numbers in July were up 24% from the previous month.
Thailand’s Central Group and Austria-based Signa Holding have completed the acquisition of luxury retailer Selfridges Group from the Weston Family and it’s now being integrated into their wider operations.
Euro zone retail sales plunged more than expected in June as prices at factory gates continued to rise, data showed Wednesday, signalling a weakness in consumer demand that could herald a recession in H2.
Free-spending tourists in Europe are expected to drive brisk second quarter sales at French luxury groups LVMH, Gucci-owner Kering and Hermes, helping to offset the impact of disruptions in China from Covid restrictions.
It's no surprise that the heatwave in recent days deterred UK consumers from shopping in physical locations, but they clearly felt too hot to shop overall as they also cut back on their online purchases.