H&M Group’s net sales rose as much as 75% in local currencies during Q2 (the March to May period), although given the strengthening Swedish Krona, its revenues translated into ‘only’ a 62% rise on a total basis.
Boohoo’s trading update on Tuesday showed that the pureplay e-tailer continued to prosper in Q1, even after UK physical stores reopened in April, although there were challenges in some markets and margins were squeezed.
Global home products giant Unilever announced on Monday an agreement to acquire digital-led skincare brand Paula’s Choice from TA Associates.
French shoppers have favoured Dior, Chanel and Saint Laurent since the end of May 2020, according to a YouGov study, and have opted more for fragrances and cosmetics than for fashion categories.
Footfall across all UK retail destinations couldn’t maintain some impressive gains made at the start of the month, falling 6.7% week-on-week in the seven days spanning 6-12 June, latest Springboard data shows.
Ted Baker’s twice-delayed full-year results looked grim on Monday as the fashion retailer announced a 44%+ drop in revenue and a pre-tax loss that widened by almost 39%. But its CEO was upbeat about its prospects.
The Pierre Fabre Group, which is behind brands like Avène and Klorane, has unveiled its Green Impact Index, a tool destined to provide users with information on the environmental and societal impact of its cosmetics.
Fakes, delays, customs and foreign languages. These are the biggest fears preventing UK e-commerce consumers making cross-border purchases from the EU, according to a new report commissioned by Weglot.
John Lewis Partnership, the UK’s largest employee-owned retailer, has improved its support package for working families and young people leaving the care system.
Grosvenor Group has appointed Melanie Gee, initially as a non-executive director, with a view to her becoming chair of the Grosvenor Britain & Ireland (GBI) board. She is set to succeed Jonathon Bond from September.
Buy-now-pay-later (BNPL) giant Klarna has raised new capital in a deal that not only values it at a massive $45.6bn but gives it a valuation as much as $14bn higher than its last fundraising round as recently as March.
Beauty e-tailer Cult Beauty has filed its full-year results for the 12 months to May 31 2020 and they show that it enjoyed what it called “another great year”, despite the pandemic affecting over two months in the year.
Selfridges is reportedly up for sale — or at least its owners are exploring their options — after a mystery buyer approached the business with an offer, reports claimed on Friday.
Sourcing platform RangeMe has launched in the UK. It offers retailers instant access to over 200,000 suppliers and more than 750,000 products from around the world, with beauty being one of its big categories.
Some 17% of Oxford Street’s properties are currently standing empty, it was claimed on Thursday, with the reason being about the rise of online shopping as well as the pandemic.
