The UK’s economy grew 0.1% in February, official figures showed on Monday, and while that growth had slowed from January’s +0.8%, there was a crumb of good news for retail as it seems that tourists are returning.
The UK’s changes to tax-free shopping rules — effectively banning it for many international shoppers — means Britain’s retail destination are losing out to those in Europe, a Global Blue report claims.
With the UK off limits due to many nations due to the pandemic, the next London Fashion Week takes place under tricky conditions, however the British Fashion Council has pulled plenty of action into the season.
Joules has ended its search for a new chief financial officer, appointing Caroline York to the post. She joins the family lifestyle retailer no later than September from price comparison business Moneysupermarket Group.
Luxury leathergoods brand Smythson's accounts show the year to March 29 2020 was a difficult one for the firm. But a sale and licence-back deal since then has offered stability and a digital focus is yielding rewards.
Failed upscale menswear retailer Pink Shirtmaker is set to make a return. The LVMH-owned brand, which went on the block before Christmas, has been bought by Nick Preston, a former JD Sports Fashion trading director.
Upscale menswear retailer Pink Shirtmaker is up for sale, according to reports, although owner LVMH has yet to officially confirm the move for what is one of the luxury goods group's smallest enterprises.