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Covid dents Burberry sales but bounce-back has begun

Covid dents Burberry sales but bounce-back has begun

​The last year has been a bruising one for many and Burberry’s results for FY21 have illustrated that perfectly, But they also show how it has learned to navigate the pandemic and is bouncing back strongly.
Luxury
Estée Lauder names Meridith Webster head of global communications

Estée Lauder names Meridith Webster head of global communications

Estée Lauder Companies announced on Tuesday the appointment of Meridith Webster who will join the company in the newly-created role of executive vice president, global communications and public affairs.
Beauty
London's West End to see high summer footfall says NWEC survey

London's West End to see high summer footfall says NWEC survey

​Central London footfall may still be well down on pre-Covid levels, but an uptick is expected this summer with a new study suggesting consumers are keen to get back to the UK’s premier shopping district.
Fashion
UK online sales growth slows, but stays in double-digits, fashion is strong

UK online sales growth slows, but stays in double-digits, fashion is strong

​UK consumers may have rushed back to physical stores last month, but the reopening of non-essential shops in Britain didn't appear to send online spending's trajectory into reverse, despite speculation that it would.
Fashion
Revlon posts dip in sales, expands restructuring plan

Revlon posts dip in sales, expands restructuring plan

The beauty group announced a 2% decline in Q1 sales on Monday and revealed the Revlon Global Growth Accelerator, an expansion of its existing restructuring plan focusing on the group’s Revlon and Elizabeth Arden brands.
Beauty
Accenture and Shiseido establish joint venture

Accenture and Shiseido establish joint venture

Shiseido and Accenture said on Tuesday it will establish a joint venture set to launch in July with the aim to accelerate Shiseido's digital transformation. 
Beauty
Selfridges gets licence to host weddings

Selfridges gets licence to host weddings

​After a year in which weddings were cancelled across Britain, they're back on the agenda, so with supreme good timing, Selfridges has just been granted a licence to host the ceremonies and receptions.
Luxury
Sustainability counts: half of UK consumers shun firms with poor credentials

Sustainability counts: half of UK consumers shun firms with poor credentials

Be warned, consumer sustainability issues may be more important than you think. Over half of people in the UK (56%) are less likely to buy from organisations with a weak sustainability record, according to a new survey.
Fashion
Indie businesses worried about UK's too-slow high street recovery

Indie businesses worried about UK's too-slow high street recovery

UK retail may be open for business again, but some smaller traders are far from happy at the speed of the revival, with campaign group Save The Street calling for government help to stimulate local spending.
Fashion
Debenhams Bournemouth exit gives opportunity for indie replacement

Debenhams Bournemouth exit gives opportunity for indie replacement

​As Debenhams exits the high street, many of its former stores are being converted to non-retail uses. But there appears to be an opportunity opening up for the return of smaller department store operators. 
Fashion
Interparfums makes solid progress with earnings in Q1

Interparfums makes solid progress with earnings in Q1

The international fragrance company achieved net income of $27.7 million in the first quarter ended March 31, 2020, up 175% from $10.1 million in the prior-year period, and 47% from $18.9 million in Q1 2019.
Beauty
UK's THG to raise $1 billion, acquires Bentley Laboratories

UK's THG to raise $1 billion, acquires Bentley Laboratories

THG Plc is raising $1 billion in fresh capital, including about $730 million from a unit of SoftBank Group, and the remainder from other investors, the UK-based consumer brands company said on Monday.
Beauty
Coty's prestige brands return to growth as restrictions ease

Coty's prestige brands return to growth as restrictions ease

Coty Inc’s biggest business that includes brands such as Burberry perfumes and Gucci foundations returned to growth in the third quarter after a tumultuous 2020, while the cosmetics maker’s net loss narrowed sharply.
Beauty
Discounter JTF plans chain of 50 stores

Discounter JTF plans chain of 50 stores

Britain’s retail recovery has been given a boost with news of a new discount retail chain that plans to open 50 stores across the country, creating 2,000 jobs. Called JTF Central, it expects to debut in Hull.
Fashion
UK's OOOOO links with Brazil's B2W marketplace on live-stream commerce

UK's OOOOO links with Brazil's B2W marketplace on live-stream commerce

​Live-stream commerce is making major inroads globally and with most retailers having little in-house expertise in this area, external companies are capitalising on the sector’s fast expansion.
Fashion
Poor weather hits UK retail footfall, Scotland's reopening numbers much brighter

Poor weather hits UK retail footfall, Scotland's reopening numbers much brighter

Poor spring weather over much of the UK hit shopper footfall numbers last week, although Scotland's retail reopening bought much brighter figures, according to latest reports from Springboard and Ipsos.
Fashion