Just a week after M&S announced a strong set of financial results, the retail giant has unveiled a new brand link-up that suggests it’s moving even faster towards becoming a full physical and digital department store.
One of Oxford Street’s historic department stores is being redeveloped with the plans that have just been approved being another sign of how retail on what was once Europe’s busiest shopping street has changed forever.
Thailand's Central Group is interested in bidding for Selfridges, a report said Thursday. Interestingly, it also owns La Rinascente, the Italian retailer of which ex-Selfridges CEO Vittorio Radice is Vice-Chairman.
A fifth of UK consumers are “most likely” to do all of their Christmas shopping online this year, ahead of six major countries, with only 9% of Britons saying they will do all their festive shopping in physical stores.
After suffering a number of years in the financial doldrums - resulting in its relegation from the London Stock Market’s lead FSTE 100 index last year - M&S is bouncing back after releasing strong results this week.
Combine tradition, nostalgia and excitement and you have all the ingredients for the new Westfield Christmas ‘Come Together’ campaign. The major malls owner/operator is “re-embracing traditional Christmas messaging".
Happy Hammerson. The property giant has found a key replacement to fill the empty anchor space at its giant Bullring mall in Birmingham after Debenhams closed in May. Marks & Spencer is to take the key position.
It was good while it lasted. UK footfall fell back in the first week of November after its rousing end to October. Without the support of school half-term, footfall across UK retail destinations slid 9.3% week-on-week.
Premium outlet malls operator VIA Outlets said it has raised €600 million in its inaugural green bond issuance and saw “high demand”. The proceeds will be used to refinance most of its outstanding secured debt.
For physical retailers struggling to survive, this news will come as an additional blow. Under government proposals, UK tenants could be forced to stay in rental properties after their initial lease has expired.