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Inditex beats H1 expectations as its Midas touch continues, AW23 starts well

Inditex beats H1 expectations as its Midas touch continues, AW23 starts well

Inditex’s first-half results on Wednesday saw the Zara, Massimo Dutta and Bershka owner reporting a 40.1% surge in profits, even though it had kept a lid on price rises linked to higher costs.
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Heatwave fails to boost UK footfall in latest week

Heatwave fails to boost UK footfall in latest week

Hot weather isn’t for everyone. And it seems among those are shoppers. The brief burst of fine weather after a mostly dismal August did little to whet consumers’ appetite last week.
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Poundland to take on 71 Wilko stores

Poundland to take on 71 Wilko stores

​Pepco’s Poundland operation is to take over the leases of 71 stores from the failed Wilko chain with all of those stores set to be rebranded under the Poundland name.
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Pepco CEO exits as retailer lowers profit guidance on weaker sales

Pepco CEO exits as retailer lowers profit guidance on weaker sales

​In a surprise announcement on Tuesday, Pepco Group said that its CEO Trevor Masters is stepping down with immediate effect. No reason was given for the move.
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Caleres appoints first-ever design chief

Caleres appoints first-ever design chief

U.S. footwear group Caleres announced on Monday the promotion of Natelle Baddeley to the role of chief design and product officer, effective immediately. 
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Leasings strength a boost for Grosvenor

Leasings strength a boost for Grosvenor

It’s been a good year for property giants securing retail leasings and Grosvenor hasn’t been left out, enjoying an impressive first half-year of captures.
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Wilko rescue talks collapse, stores to shut by October

Wilko rescue talks collapse, stores to shut by October

​There was bad news for Wilko on Monday as rescue talks for the bulk of the chain between HMV owner Doug Putman and administrators PWC collapsed.
Красота
Rimowa’s Emelie de Vitis on its exhibition Seit 1898, and latest Never Still campaign

Rimowa’s Emelie de Vitis on its exhibition Seit 1898, and latest Never Still campaign

Rimowa rocked up in New York this week with an exhibition entitled Seit 1898, a cleverly staged expression about arty durability and brand burnishing. 
Люкс
Retail's big names urge UK government to cancel £400m business rates hike

Retail's big names urge UK government to cancel £400m business rates hike

​The British Retail Consortium has assembled an impressive line-up of retail leaders to urge the government to reduce the business rates burden that’s set to rise by over £400 million a year.
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China’s Gen Z is trying to leisure-shop way out of jobless blues

China’s Gen Z is trying to leisure-shop way out of jobless blues

Youth unemployment is at a record high and growth is faltering — but China’s gloomy economic backdrop hasn’t stopped Gen Z from shelling out for travel and leisure.
Люкс
UK retail sales sluggish in August, fashion struggled in physical stores

UK retail sales sluggish in August, fashion struggled in physical stores

​The latest BDO high street sales tracker may have detailed higher sales for August but there was no underlying good news to celebrate and in-store fashion sales struggled during the month.
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SEC probing Ryan Cohen's ownership, sale of Bed Bath & Beyond shares

SEC probing Ryan Cohen's ownership, sale of Bed Bath & Beyond shares

The U.S. Securities and Exchange Commission (SEC) is investigating billionaire Ryan Cohen's ownership and surprise sale of Bed Bath & Beyond shares, the Wall Street Journal reported on Thursday.
Красота
Selfridges launches Yellow Pages zine as Versace enters The Corner Shop

Selfridges launches Yellow Pages zine as Versace enters The Corner Shop

​Selfridges has unveiled two high-profile developments with the opening of a Versace residency in its always-in-demand Corner Shop space, and also the launch of its new zine, dubbed Yellow Pages. 
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Mint Velvet, Rituals and Accessorize open on Chelmsford's Bond Street

Mint Velvet, Rituals and Accessorize open on Chelmsford's Bond Street

In what looks to be a race to open new - and often bigger - stores ahead of the critical autumn/winter trading period, another UK shopping destination is announcing multiple signings.
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Tourist tax dents West End more than cost-of-living crisis says trade body

Tourist tax dents West End more than cost-of-living crisis says trade body

​With MPs debating the ‘tourist tax’ on Thursday, new data released by the London-focused New West End Company showed that the absence of tax-free shopping has negatively impacted the majority of West End businesses.
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Primark names US VP and head of Penneys in Ireland

Primark names US VP and head of Penneys in Ireland

Primark has promoted Fintan Costello to head its Republic of Ireland and Northern Ireland operations, which trades as Penneys. He's replacing Damien O’Neill who's moving to the new role of Vice-President of US Retail.
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