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Consumer companies pitch discounts, bargain products as economic malaise looms

Consumer companies pitch discounts, bargain products as economic malaise looms

Unilever, P&G and other major consumer goods manufacturers are touting lower-priced brands and discounts to woo penny-pinching shoppers struggling through the most severe global recession since the Great Depression.
Beauty
Landsec makes three key hires in bid to boost leasing strategy

Landsec makes three key hires in bid to boost leasing strategy

The property firm has tapped three retail leasing experts to help with new plans to “reimagine” its retail business and develop innovative ways to work with retailers. 
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NRF expects above-average spending on gifts this holiday

NRF expects above-average spending on gifts this holiday

According to a study carried out by NRF, consumers will be spending more than usual on gifts this holiday season as they look to distract themselves from the stress of the Covid-19 pandemic.
Fashion
WhatsApp to offer in-app purchases

WhatsApp to offer in-app purchases

The WhatsApp messaging app will start to offer in-app purchases and hosting services, as owner Facebook Inc moves to boost revenue from the app while knitting together e-commerce infrastructure across the company.
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UK unveils new support package for wages and businesses

UK unveils new support package for wages and businesses

​After criticism that coronavirus financial support was being withdrawn or reduced too soon, the UK's Chancellor of the Exchequer has unveiled additional support for jobs and businesses hit by the second Covid wave.
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BRC ad campaign calls on consumers to start their Christmas shopping

BRC ad campaign calls on consumers to start their Christmas shopping

The British Retail Consortium (BRC) is behind a new national ad campaign calling on the public to start their Christmas shopping earlier this year to help spread demand in the face of the second Covid-19 wave.
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Intu Victoria Centre taken over by new management

Intu Victoria Centre taken over by new management

Global Mutual has been appointed asset manager of Intu Victoria Centre in a deal that gives one of the UK’s busiest shopping destinations a new lease of life.
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UK store closures hit new record says Local Data Company

UK store closures hit new record says Local Data Company

The number of high street shop closures hit a record level in the first half of 2020 amid a challenging year for retail and leisure.
Fashion
Alibaba pays $3.6 bn to take over China hypermarket giant SunArt

Alibaba pays $3.6 bn to take over China hypermarket giant SunArt

China's e-commerce behemoth Alibaba has bought a controlling $3.6 billion stake in SunArt which runs hundreds of hypermarkets on the mainland for French shopping giant Auchan.
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Instagram agrees curbs on paid influencers, says UK watchdog

Instagram agrees curbs on paid influencers, says UK watchdog

Facebook's Instagram has agreed measures to crack down on hidden advertising by paid so-called influencers on its photo and video platform, Britain's Competition and Markets Authority (CMA) said on Friday.
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The CFDA and PVH target inclusion, equity and diversity in new research study

The CFDA and PVH target inclusion, equity and diversity in new research study

With a particular focus on race and the topics of talent acquisition and retention, findings from the study will be shared in a white paper set to be released in the coming months.
Fashion
Intu agrees deal for Stoke-on-Trent shopping centre

Intu agrees deal for Stoke-on-Trent shopping centre

Stoke-on-Trent’s biggest shopping centre is set to undergo an overhaul after a deal was struck this week between Intu's administrators and London-based property management company MAPP.
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Taobao Taiwan shuts e-commerce site as government questions Chinese ownership

Taobao Taiwan shuts e-commerce site as government questions Chinese ownership

Taobao Taiwan shut its e-commerce site on Thursday after the government ordered the firm to re-register as China-backed or leave the island.
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Is YouTube set to be the next shopping destination?

Is YouTube set to be the next shopping destination?

There is just one step between a video and a shopping cart. At least that's what YouTube hopes to convince its worldwide consumers of.
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Ulta launches new 'transparency' initiative, Conscious Beauty

Ulta launches new 'transparency' initiative, Conscious Beauty

The initiative will certify brands across cosmetics, skincare, hair, bath and body categories based on five pillars: clean ingredients, cruelty-free, vegan brands, positive impact and sustainable packaging.
Beauty
Macy's names new CFO

Macy's names new CFO

​In the role, Adrian Mitchell will be responsible for leading all finance functions including accounting, treasury, investor relations, internal audit, financial/capital planning and analysis, and procurement.
Fashion