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UK consumer confidence remains buoyant

UK consumer confidence remains buoyant

UK consumer confidence finally edged ahead of its March 2020 pre-lockdown score in July, with shoppers in a spending frame of mind. It was still negative (at -7), but it's held firm or improved for six months in a row.
Fashion
Stockmann cautiously upbeat as Q2 performance accelerates

Stockmann cautiously upbeat as Q2 performance accelerates

​Finnish retail giant Stockmann's Q2 and half-year results showed a dramatic improvement all round. Revenue rose over 20% in the last three months, while the gross margin and adjusted operating profits jumped too.
Fashion
Fears for Morrisons as lead bidder will look at property assets

Fears for Morrisons as lead bidder will look at property assets

​Concerns have emerged that Morrisons may face heavy costs after it's been taken over by private equity. The lead bidder will conduct a review of the property portfolio, raising the spectre of sale/leaseback deals.
Fashion
Clothing spend booms in latest quarter - Nationwide report

Clothing spend booms in latest quarter - Nationwide report

​Britons have been spending more money on clothing in the past few months, as well as visiting charity shops more often.
Fashion
New Touchwood shopping centre owner has big UK plans

New Touchwood shopping centre owner has big UK plans

New owner. Big plans. Acquisition-hungry The Ardent Companies has completed the takeover of Touchwood shopping centre in Solihull, West Midlands, from Lendlease Retail Partnership, for an undisclosed sum.
Fashion
High street boost: 17k new local stores could open in 12 months - report

High street boost: 17k new local stores could open in 12 months - report

In a major boost to UK physical retail that has been devastated by widespread closures during the pandemic, we could expect 17,000 local high street stores to open in the next 12 months, according to new research.
Fashion
MySale's shift to marketplace platform delivers results

MySale's shift to marketplace platform delivers results

Big operational changes at MySale have borne fruit. The online fashion and lifestyle retailer's shift to an Australia/New Zealand focus while scaling the business to a new marketplace seller platform has worked well.
Fashion
Retail reboot: Hammerson replaces New Look with surprise Brent Cross tenant

Retail reboot: Hammerson replaces New Look with surprise Brent Cross tenant

​The changes that are happening in retail became very clear on Wednesday as major landlord Hammerson said that the former New Look store at the giant Brent Cross mall will be replaced by a medical facility. 
Fashion
Next smashes forecasts as Q2 sales surge

Next smashes forecasts as Q2 sales surge

​Fast-growing fashion retail giant Next said on Wednesday that it had easily beaten its own expectations for full-price sales, with the last 11 weeks seeing an 18.6% surge compared to the same period in 2019.
Fashion
Know the Origin opens zero-waste pop-up

Know the Origin opens zero-waste pop-up

Know the Origin has just opened its latest pop-up and first zero-waste store at community-led retail and leisure destination Angel Central that has recently benefited from a £16 million refurbishment.
Fashion
Morrisons potential bidder won't go solo, in talks to join rival bid group

Morrisons potential bidder won't go solo, in talks to join rival bid group

​The prospects of an all-out bidding war for UK supermarkets giant Morrisons have receded with news that one of the private equity groups that was interested in it won’t be making a bid on its own.
Fashion
LVMH to buy 60% stake in Off-White, Abloh to expand role in the group

LVMH to buy 60% stake in Off-White, Abloh to expand role in the group

​In a month that's shaping up to be huge as far as luxury deals are concerned, the latest news is that LVMH is boosting its stake in Off-White. Virgil Abloh's streetwear label will now be 60% owned by the French giant. 
Luxury
UK footfall flat last week but expect 'Freedom Week' jump - Springboard

UK footfall flat last week but expect 'Freedom Week' jump - Springboard

Footfall across UK destinations rose by a meagre 0.9% week-on-week in the last seven days (11-17 July). But expect footfall to jump almost 20% this 'Freedom Week' across the country, predicts Springboard.
Fashion
Consumers eager to spend, confidence highest since late 2019, reports say

Consumers eager to spend, confidence highest since late 2019, reports say

​Two pieces of good news for Monday. Consumers are now the most eager they’ve been to spend in 13 years, and consumer confidence is at its strongest since the end of 2019. That’s according to PwC and Deloitte surveys.
Fashion
JD Williams marks relaunch with new campaign

JD Williams marks relaunch with new campaign

​Following earlier news that Amanda Holden and Davina McCall had become ambassadors for N Brown’s JD Williams brand, the company has now unveiled its relaunch campaign starring the pair.
Fashion
Merry Hill mall set for £50m 'transformation' investment

Merry Hill mall set for £50m 'transformation' investment

​One of the key malls in the former Intu portfolio -- Birmingham’s Merry Hill — is to see big investment from new operator Ellandi to make it a more compelling destination and one that's future-proofed.
Fashion