With the landscape for UK physical retail having changed dramatically in the past year, UK-based property giant Hammerson has appointed management consultants McKinsey & Co to advise on its ongoing strategic review.
As they work to drive shopper traffic back to London’s West End, the New West End Company, local authority Westminster City Council and landlord Crown Estate have announced the launch of a pop-up programme.
Ulta announced Q1 net income of $230.3 million, or $4.10 per diluted share, on Thursday, surging out of the loss reported by the company in the prior-year period and soaring over analysts’ estimates of $1.99 per share.
We know having a solid returns policy is important to any fashion business, so how’s yours? A new survey worryingly suggests 82% of UK consumers think retailers in general need to improve their returns capabilities.
The cosmetics company announced Q4 sales of $92.7 million on Wednesday, representing an increase of 24% from $74.7 million in the prior-year period and the company’s ninth consecutive quarter of revenue growth.
After an “extraordinary year” and some trading figures to forget, British Land’s CEO said the UK property giant was now fully focusing on the “strong progress" made across his priority areas set out in November.
M&S has delivered a bleak full-year earnings report, although the bad news was far from unexpected. In year to April 3 — which included three lockdowns during which its clothing departments were shut — sales plummeted.
TikTok isn’t only a social media phenomenon, it’s also a key shopping destination with a new study showing shopping on TikTok grew 553% during the pandemic. That was almost triple the growth on Instagram and Facebook.
Shaftesbury (and its properties in the West End) are on on the road to recovery, albeit gradually. It owns 16-acres of prime space in London and said it’s “well-placed to return to sustainable long-term growth”.