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Selfridges gets through 2020 in good shape, pre-pandemic sales rose
Selfridges weathered the 2020 storm, despite enduring the toughest retail year in decades. That’s according to company chief Anne Pitcher who admitted that it was the “most difficult” period in its 113 years.
Люкс
Google's advertising practices targeted by EU antitrust probe
EU antitrust regulators have sought information from advertisers regarding Google's advertising technology practices, a European Commission document seen by Reuters shows.
Красота
White Stuff reviews property portfolio as lockdown continues
White Stuff has become the latest UK retailer to launch a review of its store portfolio with PHD Property looking at its 115 UK shops, which are currently shut due to the latest lockdown.
Мода
Richemont sales edge up, but fashion struggles while jewellery surges
Richemont’s third quarter — the all-important three months to the end of December — saw sales rising only 1%, although currency-neutral, they were up a healthier 5%, despite the “continuously volatile environment”.
Мода
Burberry sales fall again due to Covid but full-price and Asia are strong
Burberry saw another round of retail sales falls in Q3, with Europe and the Americas still being hit hard. But it said China, Korea, leathergoods, outerwear and full-price sales all headed in the right direction.
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Hammerson hammered: enforced store closures hit rent collections
The knock-on effect of the pandemic on its tenants has hit commercial property giant Hammerson - which owns the Bullring among other major malls - pretty hard.
Мода
Tmall Global adds extra support for new sellers targeting China
Alibaba Group’s cross-border business-to-consumer marketplace Tmall Global has increased its support for international brands, unveiling a new suite of solutions at the 2021 Tmall Global New Seller Virtual Summit.
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Wolf & Badger powered ahead in 2020, as international sales surged
Multichannel retailer Wolf & badger saw a strong rise in global sales last year, despite the closure of its King’s Cross flagship in London and its New York City location during lockdowns.
Мода
UK footfall down, but rate slows in second lockdown week - Springboard
Footfall across all UK retail destinations last week continued to make tough reading as the ongoing country-wide lockdown still depresses and frustrates in equal measures.
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Matalan sales stumble over Christmas period
Matalan endured a sales drop during the festive selling season as its online revenues were unable to make up for shuttered physical shops.
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Owners mulls float for buoyant Very Group - report
Online retail giant Very Group could be the next big name in line for an IPO with a report that its owners, who also own the Telegraph newspaper, are exploring the potential of a £3 billion+ stock market float.
Мода
Warpaint London raises guidance, extends Tesco distribution
Beauty specialist Warpaint London announced on Monday that its results for 2020 will be ahead of its previous guidance after the company saw strong trading during the second half.
Красота
Next and US partner seen as most likely to win Arcadia - reports
Fast-expanding retailer Next and its US partner Davidson Kempner are being widely touted as the frontrunners to buy failed Arcadia out of administration.
Мода
Lenton to quit as Hammerson CFO following sale of Via Outlets business
Hammerson said Friday its chief financial officer James Lenton is to leave the UK property giant after 15 months. But the board said Lentos will continue in his role until a successor is found.
Мода
L'Oréal appoints Blanca Juti as chief communications and public affairs officer
From April, Blanca Juti will step into the role of chief communications and public affairs officer for cosmetics giant L’Oréal. Heineken Group’s current chief corporate affairs officer will take over from Lucia Dumas.
Красота
Space NK sales and profits rose pre-Covid
Space NK was continuing to progress steadily pre-pandemic, its latest results show. But while Covid has impacted it more recently, its online channel and wholesale have been sources of strength.
Красота