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UK luxury is £81bn industry says new report

UK luxury is £81bn industry says new report

​The UK luxury sector is now worth £81 billion a year to the UK economy and supports 450,000 jobs, according to a new report by British luxury body Walpole. 
Fashion
Mother's Day gifting focus shifted this year, fashion benefited

Mother's Day gifting focus shifted this year, fashion benefited

​A new study offered up some good news for the fashion and beauty sector as it has shown online Mother’s Day gifting this year moved away from “typical gifts and trinkets towards presents such as fashion and beauty”.
Fashion
M&S now has new deadline for Marble Arch plans, is close to HSBC deal for 'superapp'

M&S now has new deadline for Marble Arch plans, is close to HSBC deal for 'superapp'

​After winning its court case against the government’s refusal to allow it to redevelop its Marble Arch flagship in London, retail giant M&S now has three weeks to formally resubmit its plans for the building.
Fashion
Next Beauty chief Amanda Scott exits

Next Beauty chief Amanda Scott exits

Next Beauty is looking for a new chief executive with Amanda Scott leaving the business after five years, according to a report. No reason has been given for her departure.
Beauty
JLP says John Lewis/Waitrose split definitely not on the cards

JLP says John Lewis/Waitrose split definitely not on the cards

Following news of its long-awaited return to profit this week, bosses at John Lewis Partnership have now said there are no plans to separate the department stores from its Waitrose supermarkets.
Fashion
Poundland to advertise fashion on TV for first time

Poundland to advertise fashion on TV for first time

Pepco’s UK Poundland chain doesn’t usually advertise on TV but it’s launching a new campaign and even more surprisingly it will include the company’s clothing offer.
Fashion
Long-standing THG non-exec McDonald set to depart

Long-standing THG non-exec McDonald set to depart

Digital retail group THG is about to lose board member Iain McDonald as the Non-Executive Director departs at end of the month. It brings to an end his near-14 years as a THG Director.
Beauty
Ulta Beauty's annual profit forecast misses estimates as costs climb

Ulta Beauty's annual profit forecast misses estimates as costs climb

Ulta Beauty on Thursday forecast full-year profit below Wall Street estimates after elevated supply chain costs and increased promotions hurt margins, sending its shares down 4.5% in extended trading.
Beauty
UK store openings driven by coffee shops as many chains close - PWC

UK store openings driven by coffee shops as many chains close - PWC

UK retail continues to lose physical stores at an alarming rate. There was a net decrease of 5,000 stores across the UK last year, amounting to a rate of 14 per day over the year, a report by accountancy firm PwC claims.
Fashion
Fenwick Newcastle's makeover gets latest planning ok

Fenwick Newcastle's makeover gets latest planning ok

Fenwick’s flagship store in Newcastle has been given a further planning green light to push on with its £40 million revamp with new work beginning this month.
Fashion
John Lewis back in profit, fashion sales rise

John Lewis back in profit, fashion sales rise

​John Lewis is one of the most closely watched retail giants in the UK at the moment, mainly because of its many problems in recent years. But at least its annual results managed to show it returning to profit.
Fashion
Procter & Gamble head of skin and personal care retires

Procter & Gamble head of skin and personal care retires

Procter & Gamble head of skin and personal care Markus Strobel has retired from his role at the U.S. consumer goods giant, effective August 1.
Beauty
Newcastle's Eldon Square set for major development, new mega store for Next and Sephora debut

Newcastle's Eldon Square set for major development, new mega store for Next and Sephora debut

Newcastle’s Eldon Square mall owners and the city council have signed an enhanced co-operation agreement alongside  “game-changing” planning submissions expected to deliver of a series of major new leasing deals.
Fashion
Celine unveils the contours of its first make-up line

Celine unveils the contours of its first make-up line

Following the launch of its haute parfumerie collection in 2019, luxury house Celine will be delving into the world of make-up from next autumn.
Beauty
Perfume Shop sales shine for Mother's Day

Perfume Shop sales shine for Mother's Day

For The Perfume Shop, “fragrance is the ultimate timeless gift”, especially when it comes to Mother’s Day. So the UK retailer celebrated the event in style with unit sales adding up to a staggering 140,000 bottles sold.
Beauty
New Zalando strategy targets B2C and B2B transformation, includes more lifestyle categories

New Zalando strategy targets B2C and B2B transformation, includes more lifestyle categories

​Zalando had big news Wednesday, saying it has evolved its strategy to cover a “larger share of [the] fashion and lifestyle e-commerce market” with a “pan-European ecosystem for customers and partners”.
Fashion