Reviving old-fashioned or forgotten brands requires a set of certain skills – patience, respect for DNA, deep-pockets and real affection for a marque, which for some reason Italians seem particularly good at doing.
John Lewis on Tuesday unveiled a big expansion of its fashion and beauty offer and the fashion labels it’s adding are designed to reflect the casualisation trend that has only accelerated in the past year.
Poundland and Dealz owner Pepco had a good Christmas quarter compared to many in the UK and European retail sectors. But same-store sales still fell 2.1% due to pandemic-linked store closures. Reported revenue rose 9.1%.
Quiz reported its interim results on Tuesday and while the company had been struggling for some time, it faced even bigger challenges in the period to the end of September. And the pain has continued since then.
The Debenhams webstore may still be operational pending any news on whether the brand will be bought by Frasers Group, but it has ceased taking orders in the Republic of Ireland for now due to Brexit complications.
Primark’s owner ended 2020 on a low note “in the light of [the] announcements by the UK and Ireland governments regarding increased restrictions", with it upping the amount of lost sales it expects to £650m
UK-based property giant Hammerson is seeking a secondary stock market listing on Euronext Dublin, recognising “the importance and scale of its investor base in continental Europe and the Republic of Ireland”.