Primark management is to pay the heavy price of countering rising costs with 400 retail bosses set to lose their jobs in the UK, as the retailer is having to offset the high costs of Covid and a squeezed supply chain.
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.
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.
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.
Shortly after Adidas and Prada launched their first clothing collab, the two brands have taken their relationship further with the Adidas for Prada re-source NFT project in a link with digital artist Zach Lieberman.
Scandi fashion, which has been all the rage this past decade, finally made it onto a Paris runway Thursday lunchtime, doing so with a power puffer, super-hero show by Rains. Elsewhere, we review Rick Owens and Uniforme.
Yoox has announced the launch of its Yoox Marketplace in Europe, giving its customers "instant access to a wider product assortment including over 700 brands and 150,000 new items" across multiple categories.
Superdry’s Christmas trading update and results for the first half showed “clear signs of brand and financial recovery” on Thursday, although the company isn’t yet where it would like to be, with sales still lagging.
A trading update from Primark's parent company on Thursday showed the fashion retail chain is bouncing back from the pandemic, with the US business a standout performer. But city centre stores globally still struggle.
After leaving the region in 2017, the brand returns to Morocco with its first 600 square-metre store located in the Morocco Mall. This strategic move was made alongside its international partner, the Hudson Group.
Major British brands including Burberry, Marks & Spencer and John Lewis have signed up to support the Queen’s upcoming Platinum Jubilee as official partners of the Pageant on 5 June in celebration of her 70-year reign.