The Financial Conduct Authority (FCA) has announced the extension of its deadline for implementing Strong Customer Authentication (SCA) for e-commerce transactions to 14 March 2022, originally expected 14 September 2021.
Retailers enjoyed a surge in spending as shoppers flocked to high streets, and in particular to clothing stores, following the easing of restrictions that led to the re-opening of non-essential stores on 12 April after months of enforced closures.
Petrol station tycoons Mohsin and Zuber Issa, who recently acquired Asda, have become the largest external investors of fast-growing British sportswear brand Castore, according to The Times.
N Brown Group, owners of Simply Be and Jacamo, has reported revenues decreased by 13% (£108.7 million) to £729 million in the 52 weeks to 27 February 2021, as the impact of the COVID-19 pandemic on the business is revealed.
Landsec, owners of shopping centres including Bluewater and West 12, has reported a loss before tax for the year of £1.393 billion, compared to a loss of £837 million for the previous financial year, as Government imposed lockdowns left many of its properties vacant and made rent collections difficult.
Authentic Brands Group, parent of Forever 21, is reported to have made a $1bn offer for Adidas-owned Reebok.
Britain’s rate of inflation more than doubled in April as energy costs soared and clothing retailers hiked their prices, according to official figures.
Pay later pioneer Klarna has unveiled its latest campaign, #WhyPayInterest, as it sets out to highlight Britain's "broken credit model".
Mytheresa sales jumped by 47.3% in Q3 compared to the same period last years as the luxury online fashion retailer benefited from the continuing consumer shift to digital.
eBay has announced the appointment of Steve Priest Chief Financial Officer, where he will oversee all global aspects of eBay’s financial operations including controllership, financial planning and analysis, tax, mergers and acquisitions, and investor relations.
Unibail-Rodamco-Westfield (URW), owners of Westfield Stratford and Westfield London shopping centres, has confirmed it has successfully priced a €1.25 billion two-tranche senior bond offering.
Footfall across UK high streets and shopping destinations has sagged despite the latest easing of lockdown restrictions.
Overall footfall for 9 – 15 May, 2021, was +0.5% compared to the week before, wholly driven by a rise of +3.9% in UK high streets as shoppers faced the elements, while footfall in shopping centres and retail parks declined by -2.8% and -3.4% respectively.
Indoor hospitality reopens in England, Wales and Scotland today (with certain restrictions in place), while non-essential retail will reopen across Ireland, in what should provide a much-needed footfall boost to shopping destinations.
British luxury fashion designer Amanda Wakeley's business has fallen into administration.
Amazon is to create more than 10,000 new jobs in the UK and launch a £10 million programme to help employees gain new skills.
Manchester's The Trafford Centre has appointed Pradera Lateral as asset manager with immediate effect, following a competitive selection process by Canada Pension Plan Investment Board (CPP Investments).
Lyst, the fashion search engine, has confirmed that it has secured $85m in investment ahead of a potential float later this year.
British luxury house Burberry has revealed that sales rebounded by 32% in its final quarter thanks to strong demand from wealthy shoppers in Asia and the US.
Poundland has confirmed the acceleration of the Pep&Co brand, which mostly operates as a shop-in-shop, targeting a total of 400 locations across the UK and Ireland before Autumn 2021.