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West End bounce-back continues after further lockdown easing

West End bounce-back continues after further lockdown easing

​The reopening of pubs, restaurants and entertainment venues on Monday boosted footfall to the West End this week, which would have had a positive knock-on effect on retailers in the district.
Fashion
Richemont profits surge despite sales dip, fashion labels get online boost

Richemont profits surge despite sales dip, fashion labels get online boost

​The trading environment may have been volatile but luxury giant Richemont still managed to see net profit rising almost 40% in the financial year to the end of March, beating forecasts by a wide margin.
Luxury
Dufry first quarter turnover plunges on travel restrictions

Dufry first quarter turnover plunges on travel restrictions

Swiss duty free retailer Dufry reported on Thursday a 67% plunge in underlying first-quarter turnover to 460.3 million Swiss francs ($510 million), hit by travel restrictions to counter the pandemic.
Lifestyle
US luggage, swimwear sales make strong progress as travel plans resume

US luggage, swimwear sales make strong progress as travel plans resume

According to a report from NPD, luggage and swimwear sales have shown strong signs of recovery over the last two months, following a dismal year for travel fashion and accessories due to Covid-19-related restrictions.
Fashion
Historic Arthur Beale set to ship out of central London as pandemic devastates business

Historic Arthur Beale set to ship out of central London as pandemic devastates business

Arthur Beale, one of the oldest stores in London, is to close permanently next month. The storied yacht chandler on Shaftesbury Avenue, adjacent to Covent Garden, is to shut its doors after 150 years in the location.
Fashion
Fendi puts out travel accessories line for four-legged friends

Fendi puts out travel accessories line for four-legged friends

Walkies! Italian luxury label Fendi has designed a line of canine travel accessories.
Lifestyle
Lagardere reports 29.8% drop in Q1 sales as pandemic hits travel retail

Lagardere reports 29.8% drop in Q1 sales as pandemic hits travel retail

French media and publishing firm Lagardere reported on Tuesday a 29.8% drop in first-quarter revenue on a like-for-like basis as coronavirus-related restrictions on travel in Europe weighed.
Fashion
Balenciaga winter 2021 pre-collection: Yearning for global travel

Balenciaga winter 2021 pre-collection: Yearning for global travel

With European populations slowly but surely being vaccinated, designers on the Continent are suddenly expressing a new optimism. Few more so than Demna Gvasalia of Balenciaga in Balenciaga's winter 2021 pre-collection.
Fashion
Oxford Street renaissance: work starts on Soho Photography Quarter

Oxford Street renaissance: work starts on Soho Photography Quarter

When rows of stores just aren’t enough. Retail areas are increasingly having to incentivise consumers to visit with bolt-on experiences and attractions.
Fashion
Giorgio Armani to design new Admiral superyacht

Giorgio Armani to design new Admiral superyacht

Giorgio Armani, the proud owner of several major yachts, is to design a new Admiral superyacht for a mystery client, working with the Italian Sea Group to build the motor craft, which will be 72 meters long.
Lifestyle
£96m investment plans for West End, coastal towns and high streets

£96m investment plans for West End, coastal towns and high streets

A number of funding initiatives have been unveiled by government and business groups to help push retail back into a healthier position than it would otherwise be post-Covid.
Fashion
Covent Garden landlord Capco upbeat on 2021 prospects

Covent Garden landlord Capco upbeat on 2021 prospects

There are 34 days (and counting) to go until non-essential retail reopens in England and optimism mounts. And London's Covent Garden surely isn't alone in its enthusiasm to return to business.
Fashion
Coats Group weathers turbulent year with improving H2, outlook positive

Coats Group weathers turbulent year with improving H2, outlook positive

After a “turbulent” trading year, it certainly wasn’t all bad news for Coats Group despite delivering mostly negative numbers in its 12-month trading statement to 31 December on Thursday.
Fashion
Selfridges sales were rising but pandemic meant huge challenges for retailer

Selfridges sales were rising but pandemic meant huge challenges for retailer

​Selfridges had already flagged the fact that its sales rose and its net profits fell in the year to February 2020, but it has now officially filed its annual results and the full extent of that performance can be seen.
Luxury
Oxford Street regeneration plan fails to convince property sector

Oxford Street regeneration plan fails to convince property sector

Some property experts have dismissed the Westminster City Council plans for the revitalisation post-pandemic of Oxford Street and the surrounding areas.
Fashion
Gucci sales fall in Q4, but Bottega Veneta, Saint Laurent are on a roll

Gucci sales fall in Q4, but Bottega Veneta, Saint Laurent are on a roll

​Sales at Kering's leading brand, Gucci, suffered a bigger-than-expected drop in Q4 as Covid continued to dent luxury shopping and crimp tourist spending in particular.
Luxury