The Victoria’s Secret parent company announced net income of $276.6 million, or $0.97 per share, for the first quarter on Wednesday. Adjusted earnings per share totaled $1.25, beating analysts’ estimates of $1.25.
Models and freelancers in the creative industries can breath a sigh of relief. A new ‘stop-the-clock’ mechanism on the T5 (Temporary Worker) Creative visa has been introduced to ease related Immigration Rules.
Mind the gap. Women in managerial and directorial roles in the UK retail sector are paid 21.1% less than their male counterparts, according to a new study. And among all employees, the gender pay gap stands at 15.5%.
The devastation that has been seen in the UK retail industry over the past 14 months has been made clear by a new study that shows small retail businesses accessed government loans more than businesses in other sectors.
M&S has unveiled a major realignment of its senior leadership team with CEO Steve Rowe making the changes after saying the firm has finished the ‘Fixing the Basics’ part of its strategy and is ready for the next step.
Landsec is “poised for recovery” after the toughest of trading years, the UK landlord said in its annual results statement on Tuesday. And that recovery won’t include its retail park portfolio, which is to be sold.
Great to be back. Shoppers in Northern Ireland showed just how much the end of the lockdown meant over the May Bank Holiday weekend with over 136,000 visiting the Rushmere Shopping Centre in Craigavon.
The large number of empty stores in the UK means more initiatives are being launched to make the most of these spaces with news of two drives to plug the gaps. The latest are from Pop-Up Club and Fassion.
London landlord Shaftesbury has linked with tenant MAC to launch a one-off installation at the MAC global flagship store on Carnaby Street. It celebrates the forthcoming Disney Cruella Collection by the prestige brand.
Footfall in UK retail destinations rose a modest 0.5% last week, despite continuing poor weather. And that albeit mildly positive number was driven by a stronger showing across high streets, particularly in London.
There’s a heap of consumer cash waiting to be spent -- £40 billion to be precise. That’s the amount of lockdown savings Britons are only too willing to splurge in the post-Covid economic recovery, research has found.
Addington Capital is out to help investors and landowners “redress the balance in our tired retail spaces and town centres”. So the property investment and management group has signed regeneration expert Nigel Turner.