Major central London landlord Great Portland Estates (GPE) issued a trading update on Thursday and said that “momentum is building”. It also confirmed that Superdry is exiting its Regent Street flagship.
Eyewear specialist Inspecs reported results for last year on Friday with plunging revenues and a net loss, although the company highlighted its “positive momentum in 2020 creating a strong platform for growth in 2021”.
Forget fast fashion, it’s becoming all about quality clothing, especially for Gen Z consumers. According to a Superdry survey of 1,000 people in the UK, 59% prefer to buy quality, sustainably-made clothing.
The Touchwood shopping centre in Solihull has a new owner. US-based real estate investment and asset management firm Ardent Companies has bought the Midlands mall from Lendlease Retail Partnership for an undisclosed sum.
Superdry has signed a deal with We aRe SpinDye to boost its “ambitious sustainability goals”. The recycled polyester dyeing specialist said it “hopes to play a significant role in achieving said goals” for the retailer.