Four becomes two. The Very Group has created a new two-tier retail operations division, consolidating and simplifying its current four-division structure. The reshuffle means fashion director Emma Alexander is to leave.
H&M had good news on Friday as it reported results to the end of November. It said it’s back to pre-pandemic levels and is fully focused on growth with ambitious plans to double its sales by the end of the decade.
Luxe fashion e-tailer Farfetch has big beauty ambitions and is to launch the category on its marketplace this year. Ahead of that, it's buying Violet Grey, with the founder to play a key role in its wider beauty plans.
UK retail giants John Lewis and Tu Clothing owner Sainsbury’s are asking customers and staff in England to continue wearing face coverings in their stores, despite the government ending its Plan B measures in England.
January retail sales in the UK were deemed “poor” by retailers, with a net balance of -23% from -2% in December and dipping for the first time since September, according to the CBI’s latest Distributive Trades Survey.
Trading continues to improve for Hammerson, the commercial property giant said Thursday. It now expects FY21 adjusted earnings to range £75 million-£80 million, ahead of the minimum of £60 million previously expected.
Next is to open a department store in all but name as it transforms its existing sites in the Atria centre in Watford and also adds a Victoria’s Secret, the lingerie brand for which it holds the UK licence.
Which has been more costly to British businesses, Covid or Brexit? Both, according to ParcelHero. Its research reveals that the “self-inflicted wound” of Brexit has cost UK businesses as much as the Covid pandemic.
Penneys, the Irish arm of the giant Primark retail chain, is to spend €14.8 million on moving and enhancing its Dublin flagship destination. The new Dundrum Town Centre store will give "an enhanced shopping experience”.