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Regulator launches Studio Retail audit probe

Regulator launches Studio Retail audit probe

Financial statements for the 2020/21 year from Studio Retail are being investigated by industry watchdog the Financial Reporting Council (FRC).
Fashion
Leeds cancels Christmas market, other events due to budget pressure

Leeds cancels Christmas market, other events due to budget pressure

Leeds has become the latest city to cancel its annual Christmas market, citing “significant budget pressures”, despite the event attracting a quarter of a million visitors annually.
Fashion
Uniqlo sets out to win over Madrid's tourists with a new store on Gran Vía

Uniqlo sets out to win over Madrid's tourists with a new store on Gran Vía

The 2,200 square meter store is set to open its doors to the public on October 6, offering services such as item customization and repairs.
Lifestyle
Selfridges opens biggest-ever Christmas shop

Selfridges opens biggest-ever Christmas shop

Talk of reduced consumer spending in the run-up to Christmas may not be a major concern for Selfridges. The high-end department store retailer has opened the biggest ever Christmas Shop at its London flagship.
Fashion
Click & collect "good for physical retail... is here to stay", says Barclays report

Click & collect "good for physical retail... is here to stay", says Barclays report

At least one aspect of physical retail is growing in these tough times. The value of click & collect to the UK economy is expected reach £42.4 billion in 2022 as integrating digital and in-store fast becomes standard.
Fashion
Grosvenor launches UK social impact strategy

Grosvenor launches UK social impact strategy

Grosvenor Property UK (GPUK) has launched a comprehensive social impact strategy in a bid to expand its ambitions in terms of doing good for the environment and its communities.
Fashion
September UK footfall growth continues to slow as high streets bear the brunt

September UK footfall growth continues to slow as high streets bear the brunt

When a report opens with ‘severity of the economic situation for UK households’ we all know what to expect. Springboard on Thursday talked of “diminishing customer activity” in September, although it wasn't all gloomy.
Fashion
Post-pandemic retail more focused than ever on prime space

Post-pandemic retail more focused than ever on prime space

​There’s been much talk in recent years about the polarisation of physical retail as ‘supermalls’ and other top destinations draw the best tenants while the rest goes into decline. Now a new report seems to confirm that.
Fashion
N Brown has weak H1, softer sales continue in Q3

N Brown has weak H1, softer sales continue in Q3

E-tailer N Brown has reported lower revenue for its first half, with profits also falling as its performance reflected the “normalisation of financial services post Covid and the macroeconomic environment”.
Fashion
Battersea Power Station takes wraps off as mall prepares to open

Battersea Power Station takes wraps off as mall prepares to open

​The developers behind the transformed Battersea Power Station ramped up their publicity campaign this week as they prepare for the location’s grand reopening as a giant shopping mall on 14 October.
Fashion
Tesco wins new customers for fashion, even though non-food sales fall

Tesco wins new customers for fashion, even though non-food sales fall

​Tesco’s interim results on Wednesday included the news that more consumers than ever are buying its F&F fashion offer with customer numbers up 8% in the six months to late August. 
Fashion
Online meets in-store as 70% of consumers prefer omnichannel shopping - report

Online meets in-store as 70% of consumers prefer omnichannel shopping - report

Choosing between physical and online retail isn't an issue for global consumers with most choosing omnichannel and actively combining the physical with the virtual, using phones in-store for research and for e-shopping.
Fashion
Hyve fast-tracking to post-Covid recovery, sells Turkish events arm

Hyve fast-tracking to post-Covid recovery, sells Turkish events arm

Within days of issuing a positive trading update to shareholders, Hyve Group was back with further details of its progression, with trading for the year ended 30 September showing a “full revenue recovery”.
Fashion
Footfall tracker Springboard acquired by MRI Software

Footfall tracker Springboard acquired by MRI Software

UK retail footfall specialist Springboard has a new owner. US-based real estate software specialist MRI Software has bought the business for an undisclosed sum.
Fashion
Metaverse consultant Metav.rs raises €3 million

Metaverse consultant Metav.rs raises €3 million

The French company, which advises brands on developing and commercialising NFTs and on setting up their own ‘miniverse’, has announced it raised €3 million to fund its growth.
Lifestyle
Bazaarvoice launches new Influenster app for UGC and authentic reviews

Bazaarvoice launches new Influenster app for UGC and authentic reviews

​Bazaarvoice’s Influenster has launched a new mobile app to match shoppers with brands “seeking honest feedback on their products through authentic reviews, photos, and videos”.
Fashion