As expected, a poor performance from its retail operations hit the Grosvenor Group in its latest trading year as the pandemic caused the high-end property business to swing to its first loss since the financial crisis.
Colour cosmetics supplier Warpaint London saw its revenues fall and losses rise in the year as the pandemic's impact saw its core customers suffering temporary store closures during the reporting period.
Making retail an experience to remember is one way to attract consumers. So London’s Covent Garden welcomes the first Experimental Perfume Club (EPC) offering an "educational and experiential" approach to perfumery.
There was more good news for UK Retail on Monday as Scotland reopened its non-essential stores for the first time in months, the West End of London saw strong footfall and the rest of the country did too.
The financial cost of Covid could jump for many non-essential retailers, given a second High Court ruling over rent arrears. Retail group Frasers has been ordered to pay rents accrued since the start of the pandemic.
The beauty giant unveiled its new growth strategy at an investor event on Friday, revealing plans to reposition brands in its consumer beauty and skincare portfolios, and accelerate growth in prestige, China and digital.