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Retail & Etail

Mango

In-Depth: Will retailers’ third-party brand experiments work?

How can mono-brand websites appeal to the fickle consumer addicted to newness? For some, the answer appears to be adding a raft of third-party brands, such as Mango and Marks & Spencer have recently done.
Stella McCartney // Yoshitomo Nara

Stella McCartney total sales drop 10% in 2019

Stella McCartney’s full year results for financial year 2019 reveal falling sales and wider losses, according to published documents. The company saw total sales falling
Gap Oxford Street

Gap Inc. reports sales decline in Q4

Gap Inc., parent company of Old Navy, Gap, Banana Republic and Athleta brands, has reported its financial results for the Q4, ending 30 January 2021.
Mahmud Kamani Boohoo

Boohoo should link bosses’ bonuses with workers rights and sustainability improvements,...

Boohoo should link a bonus scheme in place for senior executives to achievement of its pledges on workers' rights and environmental sustainability, MPs have said in a letter to its executive chairman Mahmud Kamani.
Ecommerce online retail

Online retail sales hit new record but fail to offset high...

Online retail sales soared to a new record high in February but this failed to offset another dire month for shops as they remained closed during lockdown, new figures show.
Mike Ashley Sports Direct Frasers Group

Business rates relief cap puts stores at risk, says Mike Ashley’s...

Mike Ashley’s Frasers Group has said the Chancellor’s new business rates holiday is “near worthless” for larger firms and makes it close to impossible for it to take on old Debenhams shops.
Adam Mansell UKFT

US suspends tariffs on UK fashion and textile exports

The United States has today agreed to temporarily suspend all retaliatory tariffs on direct exports from the UK to the US resulting from the long-running Airbus-Boeing dispute.

UK footfall jumps +16% in February as roadmap to reopening and...

Footfall across all UK retail destinations rose by +16% in the four weeks from 31 January to 27 February, 2021, according to the latest data from retail experts Springboard.
Deichmann

Deichmann to open 15,200 sq ft store at Touchwood Solihull in...

German footwear retailer Deichmann has signed a deal with Lend Lease Retail Partnership (LLRP), a fund managed by Lendlease, on a new 15,200 sq ft store at Touchwood Solihull shopping centre in the West Midlands, due to open in late spring, 2021.
Retail Christmas

Frozen in time: the London retailers stuck with Christmas displays on...

Retailers throughout London's West End appear frozen in time with Christmas displays still in place just weeks before Easter, as a result of the abrupt lockdown in the capital in December.
Sainsbury's

1150 jobs at risk as Sainsbury’s announces restructuring plans

The UK's second largest supermarket, Sainsbury's, has announced it is to cut 1,150 jobs, including some in the Tu clothing division. Sainsbury’s CEO Simon Roberts
Amazon Go

Amazon brings “just walk out” shopping to the UK

Amazon will today open its first UK "contactless" grocery store store, which enables shoppers to walk out of the store without using a checkout.

Budget 2021: Retail, property and fashion industry figures respond

Chancellor Rishi Sunak laid out his hotly anticipated Budget today outlining how he plans to get the economy back on its feet following the trauma of the Covid-19 crisis.
Caledonia Park

​Caledonia Park Designer Village refurbishment completes first phase

The redevelopment at Scotland's Caledonia Park has completed its first phase, marking a "significant milestone", according to the project’s investor RPMI Railpen. The programme commenced
Chancellor Rishi Sunak

Budget 2021: An overview

Chancellor Rishi Sunak has unveiled his full budget for 2021, aiming to protect the jobs and livelihoods of the British people through the remaining phase
Oxford Street

Business rates holiday extended to June before two-thirds discount

The Chancellor has said that the business rates holiday will be extended until the end of June for hard-hit retail, hospitality and leisure firms before shifting to a two-thirds discount for the rest of the year.
Contactless

Contactless payment limit to be raised to £100, Chancellor confirms

The contactless payment limit is to more than double to £100. The changes, being set out in Wednesday’s Budget, will see the legal single contactless payment limit raised from £45 to £100.
Versace

Capri Holdings appoints new Chief Information Officer

Capri Holdings, parent company of Versace, Jimmy Choo and Michael Kors, has announced the appointment of Alejandro Martinez-Galindo as Chief Information Officer. Martinez-Galindo will report
Oxford Street

Shop prices remain low in Lockdown 3

Non-food prices fell 3.9% in February compared to a decline of 3.6% in January, 2021, signalling the fastest rate of decline since May 2020, according to the BRC-Nielsen Shop Price Index.

Chancellor to extend furlough until September as he unveils budget

Rishi Sunak will extend the furlough scheme until the end of September and pledge to do “whatever it takes” to help people and businesses through the coronavirus crisis when he unveils his Budget.