The latest news
H&M to open experiential store at centre: mk
H&M has upsized and relocated in Milton Keynes to centre:mk, the town’s increasingly successful mall. And the new store will be special, according to the fashion retailer.
Council calls for law change to end blight of candy stores on Oxford Street
The West End of London’s local authority has called for a much stricter economic crime bill and reform of business rates to officially bring a halt to American-style candy stores that continue to “litter” Oxford Street.
Reactive pricing platform BlackCurve gets funding injection
Pricing website BlackCurve has secured an additional £750,000 in new funding, bringing its total raised to £3.7 million, to fund expansion into core online markets.
Frasers Group completes Luton's The Mall buy, is confident for physical retail
Frasers Group’s well-documented commitment to physical retail has taken a big step forward with the company buying a shopping centre – The Mall in Luton -- for £58 million.
TK Maxx to open in former Debenhams at Westfield London
TK Maxx’s ambitious London expansion plans have seen the fashion and homewares retailer striking a key flagship store deal. It will open in Westfield London this autumn in the former Debenhams store.
M&S is doubling down on brands strategy, sees £1bn potential
M&S is reportedly ready to dive even deeper into selling external fashion brands alongside its own label in a move that would take it even closer to a traditional department store model.
Backlash starts over John Lewis potentially changing staff ownership structure
John Lewis Partnership (JLP) has moved fast with reassurances that any outside investor s brought in won’t mean the end of the firm’s employee ownership model as criticism of what’s not even a definite plan has begun.
Analysis: as John Lewis mulls ownership tweak, why is it lagging rival M&S?
Not so many years ago, John Lewis was unstoppable while M&S was in an endless turnaround phase. Today, the situation has reversed and John Lewis is even reportedly thinking of changing its prized ownership structure.
Lifestyle destination Woo names Mullin Fashion Editor-at-Large
Gen Z culture and wellness destination Woo has appointed Callum Mullin as its first Fashion Editor-at-Large, with the fashion writer, model and social media star joining the “genre-defining platform”.
Recovering city centre retail footfall hit by transport strikes
Over half a million UK-wide workers striking on Wednesday was always going to be a massive challenge for retail. And latest figures showed related footfall dipped greatly, according to insight from MRI Springboard.
John Lewis losses grow, launches bigger costs-savings drive
When a results release starts with a message to the staff talking about “another very tough year”, you know it’s not going to be good and so it was with John Lewis Partnership on Thursday.
UK Budget underwhelms, no new support for retail
The Spring Budget on Wednesday was never likely to deliver anything big for retail and it lived down to expectations. The industry welcomed some positive general developments but lamented the lack of flagship measures.
Liverpool One outperforms in 2023
Liverpool One has begun 2023 where it left 2022… on a high. The city centre mall has bucked national trends since the start of the year, with a 16.5% uplift in sales compared to the same period in 2022.
John Lewis names non-exec Nish Kankiwala to new CEO role
It’s a big news week for John Lewis with its results due Thursday and a new concept store layout unveiled Tuesday. And Wednesday? Just the small matter of a new CEO.
H&M Group sales rise 12% in latest quarter
H&M Group delivered its provisional Q1 sales report on Wednesday and said sales in the three months to February rose a healthy 12% to SEK54.9 billion (€4.3bn/£4.9bn/$5.2bn).
Another strong year for Inditex as sales and profits beat inflation
Inditex’s full-year results on Wednesday saw the Spanish retail giant once again showing why it’s such a dominant force in fashion as sales and profits both soared.