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%.
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.
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”.
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.
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.
‘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.