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Luxe sector calls for return of UK VAT-free shopping as spending plummets

Luxe sector calls for return of UK VAT-free shopping as spending plummets

​Luxury businesses have renewed calls for the UK government to reverse its decision to end VAT-free shopping for tourists, saying Britain is losing out to other European countries as big-spenders go elsewhere.
Fashion
Grosvenor's strong recovery boosted by improving retail scene

Grosvenor's strong recovery boosted by improving retail scene

​Grosvenor has delivered a significant improvement in its financial performance in the latest year. The group owns vast tracts of land in key area like London’s Mayfair, as well as the Liverpool One mall.
Fashion
Retailers take part in first UK first wellbeing festival for workers

Retailers take part in first UK first wellbeing festival for workers

​Staff from 100 of the biggest retailers operating in Britain, including ASOS, H&M, New Look and Superdrug, have taken part in the first wellbeing festival for retail workers run by industry charity the Retail Trust.
Fashion
It's bad: UK consumer confidence falls to its lowest since 1974

It's bad: UK consumer confidence falls to its lowest since 1974

​UK consumer confidence tumbled again in May — this time to its lowest level in almost 50 years — after the cost-of-living crisis deepened and concerns over the economy and personal finances grew.
Fashion
H&M-backed project pilots CO2-capturing aprons at Stockholm restaurant

H&M-backed project pilots CO2-capturing aprons at Stockholm restaurant

A Stockholm restaurant crew is wearing cotton aprons that capture greenhouse gas from the air, in a pilot of a technique developed by H&M-backed researchers as the fashion industry struggles to lower its climate impact.
Lifestyle
ONS says UK retail sales moved up in April, fashion did well

ONS says UK retail sales moved up in April, fashion did well

​Official retail sales figures for the UK in April were released on Friday and they showed volumes ticking upwards again after they’d fallen during March.
Fashion
Klarna to mark 150m consumers milestone with global Dream Days sales event

Klarna to mark 150m consumers milestone with global Dream Days sales event

​BNPL giant Klarna has been growing fast and clearly wants to grow even faster with the payments firm about to launch a three-day event targeting its many millions of consumers around the world.
Fashion
Duty-free retailer Dufry's Q1 sales soar on post-COVID travel boom

Duty-free retailer Dufry's Q1 sales soar on post-COVID travel boom

Swiss duty-free retailer Dufry on Thursday posted 144.5% organic sales growth for the first quarter, supported by an uptake in travel in Europe and the Americas as coronavirus curbs were eased.
Lifestyle
London leasing boom sees GPE return to profit

London leasing boom sees GPE return to profit

Yet more strong numbers from the commercial property sector on Thursday. Major London landlord Great Portland Estates joined its peers British Land and Landsec this week in delivering an upbeat performance for the year.
Fashion
M&S to move into new Lakeside flagship, takes ex-Debenhams space

M&S to move into new Lakeside flagship, takes ex-Debenhams space

M&S is continuing to open statement new stores as the UK retail giant enjoys a turnaround in its fortunes. It’s set to take over another former Debenhams site, at the Lakeside mall in Essex.
Fashion
URW rolls out Westfield brand to trio of European flagship locations

URW rolls out Westfield brand to trio of European flagship locations

​Malls giant Unibail-Rodamco-Westfield (URW) is continuing to roll out its Westfield brand to more locations and has announced that it’s rebranding three flagship centres under that name.
Fashion
Grosvenor links with True on social shopping innovation hunt

Grosvenor links with True on social shopping innovation hunt

Landlord Grosvenor has launched an interesting project, unveiling “an innovation challenge seeking to find new technologies and partners that are putting customer experience at the heart of bricks and mortar retail”.
Fashion
Kim Jones invites Eli Russell Linnetz to guest design Dior Men spring collection

Kim Jones invites Eli Russell Linnetz to guest design Dior Men spring collection

The French fashion house will unveil its new men's collection this Thursday, May 19, on Venice Beach, as well as on Facebook. Creative Director Kim Jones will also present a collaboration with the label Erl.
Luxury
UK's hot property sector sees British Land return to profit

UK's hot property sector sees British Land return to profit

​British Land became the second UK property giant in two days to report that the sector’s post-pandemic trading is thriving again, delivering “a strong performance across all parts of our business” for the year.
Fashion
UK inflation hits 40-year high of 9%, could derail fashion and beauty recovery

UK inflation hits 40-year high of 9%, could derail fashion and beauty recovery

British inflation surged last month to its highest annual rate since 1982, piling pressure on finance minister Rishi Sunak to step up his help for households facing a worsening cost-of-living crisis.
Fashion
N Brown upbeat as strategic brands focus pays off

N Brown upbeat as strategic brands focus pays off

​Battered N Brown group saw its share price rising early on Wednesday on the announcement of a new sub-brand being launched by the company and also its full-year results update.
Fashion