Early signs of the confidence shown by workers returning to their offices saw a boost for UK high street footfall in the latest week. Footfall across UK retail destinations rose 1.5%, according to Springboard.
All dressed up and somewhere to go. Christmas 2021 was a season of a return to socialising, albeit on a slimmed-down scale compared to 2020’s restrictions. That meant consumers upped their spend on fashion and beauty.
Two key executives who helped to shape UK retail died in the last few days. Paul Myners was the former chairman of M&S and Landsec and John Sainsbury was the driving force behind the supermarket chain for 23 years.
Speculation is intensifying over who might buy Boots from its current owner Walgreen Boots Alliance, and the latest names in the frame are the Issa brothers, the retail tycoons who recently took control of Asda.
Former Farfetch COO Andrew Robb is in the running to be the next CEO of ASOS, a report has claimed. There had been speculation in recent weeks that Robb was a contender for one of global fashion's top leadership posts.
Burberry is the latest big name in fashion to link its finances to its drive to operate a greener and more ethical business. It has refinanced its revolving credit facility to a £300m sustainability-linked loan.
Year-on-year comparisons across the pandemic landscape can make interesting reading. That’s why UK online retail in 2021 recorded its worst-ever year for growth, but still managed a “rather good” performance.
Yoox Net-A-Porter (YNAP) has named Natalie Lee as General Manager for the APAC region. She has extensive experience operating in APAC’s high-growth fashion and e-commerce sector and joins from Vestiaire Collective.
ASOS faced “challenging market conditions” in the last four months of 2021 yet still managed to post revenue growth, it said on Thursday as it also announced plans to list its shares on London's Main Market.
Big appointment for Landsec. The UK commercial property giant has hired Remco Simon to the newly-created role of managing director – Strategy and Capital Markets. Effective immediately, the will report to CEO Mark Allan.
Demand for prestige beauty products in the UK continues to rocket and sales leapt 46% year-on-year in the last trading week to Christmas, The NPD Group’s latest figures show. Fragrance was the star gift performer.