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UK footfall stays weak, Central London still down more than half

UK footfall stays weak, Central London still down more than half

​Visitor traffic to retail destinations rose in the latest week, up 2.4% compared to the week before. But that wasn't the good news it might have been as the previous week had seen a footfall drop of 6.3%. 
Fashion
'Local' London destinations almost back to full health but West End slumbers

'Local' London destinations almost back to full health but West End slumbers

​Footfall to London’s West End remain down by around half year-on-year even though visitor traffic to more ‘local’ London retail destinations is on its way to a full recovery.
Fashion
Regent Street landlord Crown Estate hangs on to cash to survive the pandemic

Regent Street landlord Crown Estate hangs on to cash to survive the pandemic

​The Crown Estate, like other major landlords, is aiming to conserve as much cash as it possibly can and has delayed the payment of its annual income to the Treasury in the face of a shortfall in rent payments.
Fashion
Westfield owner boosts finances, says sales and footfall improve

Westfield owner boosts finances, says sales and footfall improve

The French shopping centres giant has updated on footfall, sales and rent collections, as well as announcing a plan to “strengthen its balance sheet and increase financial flexibility to execute its long-term strategy”.
Fashion
Next is strong despite lockdown sales falls, online and beauty power ahead

Next is strong despite lockdown sales falls, online and beauty power ahead

​Next delivered a well-received set of half-year results on Thursday and as well as demonstrating its relative strength during the pandemic, they highlighted some very encouraging current trading. 
Fashion
Retail entrepreneur Claudio Antonioli acquires Ann Demeulemeester

Retail entrepreneur Claudio Antonioli acquires Ann Demeulemeester

​Italian fashion entrepreneur Claudio Antonioli has acquired Antwerp-based Ann Demeulemeester. The designer, who exited her label in 2013, welcomed the news that the New Guards Group co-founder has taken control.
Fashion
Global-e gets key new exec from Boden, links with Never Fully Dressed

Global-e gets key new exec from Boden, links with Never Fully Dressed

​Cross-border e-commerce specialist Global-e has named a former Boden exec as its VP of Business Development and has also signed up Never Fully Dressed to its platform.
Fashion
Global landlord Grosvenor introduces 'green' leases

Global landlord Grosvenor introduces 'green' leases

​As businesses and consumers continue to expect retail to change its behaviour post-pandemic, giant landlord Grosvenor said it’s introducing ground-breaking ‘green’ leases.
Fashion
Inditex back in profit, digital sales surge

Inditex back in profit, digital sales surge

Inditex had good news on Wednesday, returning to profitability as it recovered from the major hit it took at the height of the pandemic-linked lockdowns.
Fashion
Kohl's cuts 15% of corporate workforce due to coronavirus

Kohl's cuts 15% of corporate workforce due to coronavirus

The Menomonee Falls, Wisconsin-based department store chain announced plans to reduce its corporate workforce by 15% on Tuesday in an effort to cut costs during the coronavirus pandemic.
Fashion
UK footfall recovery stalls as kids return to school

UK footfall recovery stalls as kids return to school

​The UK’s footfall recovery seems to have stalled with the latest figures from tracking firm Springboard showing a 6.3% week-on-week drop in the seven days to September 12.
Fashion
H&M says Q3 sales drop narrows, will make a profit for the quarter

H&M says Q3 sales drop narrows, will make a profit for the quarter

Q3 saw H&M Group’s sales recovering somewhat and on Tuesday, the Swedish retail giant reported sales from June 1 to August 31 down only 16% year-on-year in local currencies. 
Fashion
TK Maxx now sixth biggest UK fashion retailer

TK Maxx now sixth biggest UK fashion retailer

​TJX’s TK Maxx operation in the UK now has a larger market share in fashion than Topshop. And it's confident that the second half will present lots of buying opportunities.
Fashion
Covid impacts Christmas as price becomes key - Bazaarvoice study

Covid impacts Christmas as price becomes key - Bazaarvoice study

​Covid-19 will continue to influence shopping habits this winter, according to research from Bazaarvoice that said consumers will be more cost-conscious this year due to the effects fo the pandemic on their finances.
Fashion
Kerby Jean-Raymond links with Kering to create new Your Friends in New York innovator platform

Kerby Jean-Raymond links with Kering to create new Your Friends in New York innovator platform

Designer Kerby Jean-Raymond and French luxury giant Kering have announced the creation of Your Friends in New York, a novel new platform designed to empower a next generation of innovators.
Fashion
McArthurGlen Cheshire Oaks launches Dropit, focus now safety as well as convenience

McArthurGlen Cheshire Oaks launches Dropit, focus now safety as well as convenience

​‘Hands-free’ shopping options have taken on a new relevance in a world dominated by anti-pandemic measures and McArthurGlen said it has launched a partnership with Dropit to offer hands-free shopping to visitors.
Fashion