Capital & Regional (C&G) is looking to offload another of its UK shopping centres. The commercial property giant has put its Luton, Bedfordshire, mall up for sale with a price tag of £81 million.
A key and longstanding member of THG board has stepped down with immediate effect. Private equity tycoon Dominic Murphy has left the beauty-to-tech platform where he’s been a non-executive director since 2014.
Pepco unveiled its first-half results on Thursday and said that the six months to the end of March saw its core earnings rising 7.3% as new store openings boosted its bottom line.
UK health & beauty retail giant Boots is to freeze prices on more than 1,500 products as consumers continue to face higher costs. The retailer is to lock-in prices on popular essential own-label items.
Departed M&S chief Steve Rowe is being handsomely rewarded for spearheading the UK retail giant’s turnaround. The former boss more than doubled his pay to £2.63 million last year, including his first bonus since 2017.
Over 40% of buy-now-pay-later (BNPL) shoppers relied on credit cards or other forms of borrowing to pay off what they owed, a March survey carried out for charity Citizens Advice shows.
Fast-expanding off-price retailer Secret Sales has confirmed the appointment of former ASOS chief executive Nick Beighton as its new chairman, as expected.
Amazon Fashion has launched its Luxury Stores at Amazon offer in Europe, with a selection of international brands including Christopher Kane, Elie Saab and Dundas.
Inditex’s Q1 net profit soared 80% to €760 million as its sales beat pre-pandemic levels, hitting €6.7 billion for a rise of 36% year-on-year, the company said on Wednesday.
The Queen’s Jubilee weekend celebrations were widely regarded as a major success, but how did retail footfall fare over the period? It surged 17.7% across all UK retail destinations on the key opening day, Thursday.
Multiple UK consumer spending and retail spending reports that were released on Tuesday showed one general trend of consumers reining-in their purchases. But at least fashion is staying buoyant for now.
On a day when there was plenty of top UK executive news, a report on Monday said that former ASOS CEO Nick Beighton is joining Secret Sales as chairman.
Beware: a major rise in corporate distress and bankruptcies, especially in retail, is looming, experts say. Rising costs, supply chain problems and the end of government support could trigger failures this autumn.
Footfall was strong in the seven days to 5 June as many Britons celebrated the Queen's Platinum Jubilee and the country hosted a large number of visitors from abroad for the first time since before the pandemic.
Sephora CEO Martin Brok, who joined the LVMH-owned company in September 2020, will step down from his post on June 30 following “differences of opinion”.
