The latest news
Sylvie Moreau on Sephora's UK opening and its ambitions for the new market
Following the opening of the new London Sephora store, the first in the UK, on March 8, FashionNetwork.com spoke to Sylvie Moreau, president Europe and Middle East of the LVMH perfume chain.
UK inflation rises as womenswear prices jump
UK inflation has risen again, a sign that we’re not out of the woods yet and consumer activity is still being hurt by surging prices with fashion prices rising faster than they've done in over a decade.
L'Oréal invests in green chemistry with Unilever and Kao
To develop new sustainable ingredients derived from living organisms, L'Oréal is investing in a joint venture between US biotechnology specialist Genomatica (Geno), Unilever, and Kao.
Frasers Group completes Luton's The Mall buy, is confident for physical retail
Frasers Group’s well-documented commitment to physical retail has taken a big step forward with the company buying a shopping centre – The Mall in Luton -- for £58 million.
Reactive pricing platform BlackCurve gets funding injection
Pricing website BlackCurve has secured an additional £750,000 in new funding, bringing its total raised to £3.7 million, to fund expansion into core online markets.
M&S is doubling down on brands strategy, sees £1bn potential
M&S is reportedly ready to dive even deeper into selling external fashion brands alongside its own label in a move that would take it even closer to a traditional department store model.
Backlash starts over John Lewis potentially changing staff ownership structure
John Lewis Partnership (JLP) has moved fast with reassurances that any outside investor s brought in won’t mean the end of the firm’s employee ownership model as criticism of what’s not even a definite plan has begun.
Bed Bath & Beyond announces reverse stock split plan, shares drop
Bed Bath & Beyond said on Friday it was seeking shareholder approval for a reverse stock split, sending the struggling retailer's shares 13% lower in extended trading.
Analysis: as John Lewis mulls ownership tweak, why is it lagging rival M&S?
Not so many years ago, John Lewis was unstoppable while M&S was in an endless turnaround phase. Today, the situation has reversed and John Lewis is even reportedly thinking of changing its prized ownership structure.
Recovering city centre retail footfall hit by transport strikes
Over half a million UK-wide workers striking on Wednesday was always going to be a massive challenge for retail. And latest figures showed related footfall dipped greatly, according to insight from MRI Springboard.
John Lewis losses grow, launches bigger costs-savings drive
When a results release starts with a message to the staff talking about “another very tough year”, you know it’s not going to be good and so it was with John Lewis Partnership on Thursday.
Luxury Stores at Amazon spring campaign focuses on sunshine-ready looks
Luxury Stores at Amazon — the web giant’s high-end branded offer — has just unveiled its spring campaign with a focus on the assortment of designer labels it now offers.
Liverpool One outperforms in 2023
Liverpool One has begun 2023 where it left 2022… on a high. The city centre mall has bucked national trends since the start of the year, with a 16.5% uplift in sales compared to the same period in 2022.
UK Budget underwhelms, no new support for retail
The Spring Budget on Wednesday was never likely to deliver anything big for retail and it lived down to expectations. The industry welcomed some positive general developments but lamented the lack of flagship measures.
Hair salons among businesses most likely to close, but beauty salons are opening - report
UK hairdressing salons were high up the list of small independent business closures last year, hit the hardest by rising energy bills and falling consumer spending, according to a report by the Local Data Company.
John Lewis names non-exec Nish Kankiwala to new CEO role
It’s a big news week for John Lewis with its results due Thursday and a new concept store layout unveiled Tuesday. And Wednesday? Just the small matter of a new CEO.