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Strong U.S. retail sales, manufacturing output boost economic outlook

Strong U.S. retail sales, manufacturing output boost economic outlook

U.S. retail sales rose strongly in April as consumers bought more motor vehicles amid an improvement in supply and increased spending at restaurants, providing a powerful boost to the economy.
Fashion
Shaftesbury boosts London's Berwick Street ownership with new buy

Shaftesbury boosts London's Berwick Street ownership with new buy

Landlord Shaftesbury, which owns a 16-acre portfolio in London's West End, has just got a little bigger in the retail area. ​The property giant has acquired a long leasehold in the lower floors of 92-104 Berwick Street.
Fashion
Landsec success heralds return to profit, launches new leasing partner model

Landsec success heralds return to profit, launches new leasing partner model

​Property giant Landsec — which owns most of Bluewater — spoke of its strong financial and operational position Tuesday, “expecting to deliver material growth in income”. And that's with UK economic turbulence factored in.
Fashion
UK footfall slips back in latest week

UK footfall slips back in latest week

​UK footfall’s post-pandemic recovery took a hit last week as concerns over rising prices and worries over an impending recession deepened. There were negative numbers (almost) everywhere for the 8-14 May period. 
Fashion
Next under fire over 'excessive' leadership pay

Next under fire over 'excessive' leadership pay

​As costs and inflation rise and the prospect of recession looms large, retail bosses are being targeted for ‘excessive’ pay and bonuses, with fashion retail giant Next among them.
Fashion
CEO of AllSaints joins British Retail Consortium board

CEO of AllSaints joins British Retail Consortium board

​The British Retail Consortium (BRC) has beefed up the non-executive directors on its board with the appointment of two new names, including Peter Wood, the CEO of AllSaints.
Fashion
Made.com says current trading is tough, unveils new CFO

Made.com says current trading is tough, unveils new CFO

​Made.com — the digital lifestyle brand that last week announced it’s buying Trouva — released a trading update on Monday and also revised its guidance for the year ahead.
Fashion
John Lewis chief says UK needs pandemic-style cost-of-living support package

John Lewis chief says UK needs pandemic-style cost-of-living support package

John Lewis boss Dame Sharon White is calling on the UK government to introduce a financial support package to protect families from the cost of living crisis, similar to the one delivered during the Covid pandemic.
Fashion
Klarna Virtual Shopping launch aims to recreate in-store experience online

Klarna Virtual Shopping launch aims to recreate in-store experience online

​BNPL specialist Klarna has rolled out Virtual Shopping, “connecting online shoppers directly with experts in physical stores, through live video and messaging, to provide a highly personalised experience online”. 
Fashion
Nexite announces major funding for physical retail-boosting tech platform

Nexite announces major funding for physical retail-boosting tech platform

Tech firm Nexite has announced a new funding injection. It takes its total funding up to $100m for its breakthrough Bluetooth tag and SaaS platform that boosts physical shopping and makes it more e-tail-like.
Fashion
Ex-Financial Conduct Authority boss worried on BNPL regulation slowdown

Ex-Financial Conduct Authority boss worried on BNPL regulation slowdown

​As the cost of living continues to rise, pressure is mounting on the UK government to push ahead to regulate the buy-now pay-later (BNPL) finance industry.
Fashion
Hedge funds, administrator are the winners after Debenhams collapse - report

Hedge funds, administrator are the winners after Debenhams collapse - report

​Failed businesses can yield rewards. Hedge funds that ran Debenhams look to have recovered most of their costs while the retailer’s administrators have clocked up £5.3 million in fees in the two years since bankruptcy.
Fashion
Bazaarvoice Shopper Experience Index shows surging importance of UGC

Bazaarvoice Shopper Experience Index shows surging importance of UGC

UGC is becoming ever more important to the shopping journey and the latest international Shopper Experience Index report shows that “purchase influence has shifted from business-to-consumer, to consumer-to-consumer”.
Fashion
UK plans to force landlords to let out empty stores confirmed

UK plans to force landlords to let out empty stores confirmed

​The UK government has confirmed earlier rumours that it has plans to force landlords to rent out empty stores to try to breathe life back into high streets.
Fashion
LVMH entrusts hotel division to Stéphane Rinderknech

LVMH entrusts hotel division to Stéphane Rinderknech

Stéphane Rinderknech, who has spent his entire career at beauty giant L’Oréal, will replace Andrea Guerra as head of LVMH’s hospitality division.
Lifestyle
Tough April for UK e-tail points to 'end of digital boom' - report

Tough April for UK e-tail points to 'end of digital boom' - report

​Good news for UK online fashion sales. Not so good news for digital beauty sales. Even worse for the e-tail industry as a whole. And after weak April numbers, it suggests the digital boom could well be over.
Fashion