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Beales to close all stores as no buyer emerges for slimmed down business

Beales to close all stores as no buyer emerges for slimmed down business

Beales is preparing to close all its stores as no buyer has come forward to snap up the business. But it seems its administrators are still trying to find someone who will buy at least part of it as a going concern.
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Fashion
Unilever starts review of beauty brands, could take a year

Unilever starts review of beauty brands, could take a year

Simple could be among the brands that Unilever chooses to sell as it kicks off a review of its beauty portfolio in order to focus on names with strong growth potential.
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Beauty
Westfield owner reviews development pipeline amid 'challenging' times

Westfield owner reviews development pipeline amid 'challenging' times

Shopping centre landlord Unibail-Rodamco-Westfield disposed of several retail assets and scaled back its development pipeline in 2019 after facing a “challenging” retail environment in the UK.
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Fashion
Stockmann makes progress, Lindex has strong year, profits improve

Stockmann makes progress, Lindex has strong year, profits improve

Stockmann is forging ahead with its transformation plans and while the signature department store chain is loss-making and the market is tough, the firm is upbeat on its prospects and of those of the more buoyant Lindex.
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Fashion
Zalando adds to SVP leadership team with trio of key appointments

Zalando adds to SVP leadership team with trio of key appointments

Europe-focused online fashion retail giant Zalando has strengthened its leadership team, appointed three senior vice-presidents, including two internal promotions and one crucial newly-established role.
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Fashion
UK's £1bn Valentine's spend is minimal rise says GlobalData

UK's £1bn Valentine's spend is minimal rise says GlobalData

Valentine’s Day is set to be worth just over £1 billion in revenue this year in Britain, a minimal 0.6% rise on last year and actually a fall if inflation is taken into account, GlobalData said on Wednesday.
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Fashion
Alibaba’s Group General Manager Europe departs

Alibaba’s Group General Manager Europe departs

Terry von Bibra had been working for the Chinese e-commerce giant since 2015, initially in German-speaking countries, East Europe and Turkey. He then took charge of all of Europe in 2016.
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Beauty
Skincare is key prestige growth category in UK beauty, make-up falls says NPD

Skincare is key prestige growth category in UK beauty, make-up falls says NPD

Skincare was the star category in the UK prestige beauty market last year with the overall high-end beauty sector falling to £2.6 billion in 2019, but skincare turning in respectable growth.
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Beauty
Fashion flops in January as clothing sales fall, online penetration increases

Fashion flops in January as clothing sales fall, online penetration increases

Two new spending surveys, from Barclaycard and the BRC, showed fashion stores struggling in January, discount stores on the rise and online spend strengthening its hold on UK consumers overall.
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Fashion
Moynat’s new CEO snatched from Sephora

Moynat’s new CEO snatched from Sephora

The French leather goods and trunk maker, owned by the Arnault Group, has recruited Lisa Attia from LVMH’s Sephora as its new CEO. She will be taking over from Guillaume Davin. 
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Beauty
Selfridges MD Forster exits, group head Pitcher steps in for now

Selfridges MD Forster exits, group head Pitcher steps in for now

The managing director of Selfridges, Simon Forster, has left the luxury department store retailer after a little over a year in the job with Anne Pitcher taking the helm temporarily.
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Luxury
Malls bounce back in January as UK footfall decline slows down

Malls bounce back in January as UK footfall decline slows down

The week has started with some good news for the under-pressure malls sector with the latest UK footfall report from Springboard being headlined 'The start on the road to recovery for shopping centres'.
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Fashion
End of the road for over half of Beales stores as no buyer is found yet

End of the road for over half of Beales stores as no buyer is found yet

It's been a bad year for Beales so far and it got worse on Friday with the mid-market department store chain set to close 12 shops – more than half of its total – as administrators continue to seek a buyer for the rest.
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Fashion
L'Oreal rallies as quarterly results offset China concerns

L'Oreal rallies as quarterly results offset China concerns

L'Oreal's shares rose on Friday after fourth-quarter figures from the French cosmetics company allayed concerns over the impact of China's coronavirus health crisis on its business.
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Beauty
New John Lewis chair warns on possible store closures, job losses

New John Lewis chair warns on possible store closures, job losses

Sharon White has only been in her post as chair of John Lewis Partnership for a few days but she's already warned that the retailer is facing its toughest decisions in almost 100 years.
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Fashion
Britons loosen January pursestrings, fashion benefits but did margins suffer?

Britons loosen January pursestrings, fashion benefits but did margins suffer?

Clarity on Brexit and ongoing discounting combined to make consumers feel better about shopping last month. A report showed like-for-like sales in physical stores grew 5.7% during January and fashion rose even faster.
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Fashion