In another blow to the UK high street, Marks & Spencer has proposed more closures as part of its transformation strategy. Bayswater, Darlington, East Kilbride, Falkirk and Kettering will be amongst the towns affected.
The luxury brand will take up residence in Covent Garden's Mercer Walk for the next weeks in its first ever pop-up venture. The 3,800 sq ft pop-up space will combine a shop, garden, event space and weekend supper club.
It wasn't a great seven days for John Lewis with the week up to and including May 19 seeing its parent company's sales dipping 0.3% to £202.73 million, but the department store chain’s sales falling by as much as 6.3%.
Shaftesbury, the listed real estate company that owns a large number of properties in London’s West End and Covent Garden, reported its half-year results on Tuesday. And the period to March 31 was good for the company.
Fashion lifestyle brand Joules said Tuesday that its non-executive Chairman Neil McCausland will step down on July 31 after more than five years on the board to be replaced by the current CEO of furniture chain DFS.