Cosmetics group L'Oreal bucked a declining trend for the luxury and fashion industry in China with sales growing in the second quarter despite COVID lockdowns, as the make-up market rebounds.
M&S can expect yet more opposition to its long-running bid to demolish and rebuild its flagship Marble Arch, London, store. Heritage campaigners have begun crowdfunding to oppose the plans in an upcoming public enquiry.
Hammerson listed three key positives in its half-year trading update on Thursday. The commercial property giant returned to pre-tax profit as footfall recovered to near pre-pandemic levels and costs fell.
Landsec is on the lookout for a new chair. The vacancy arises because Cressida Hogg is set to "retire" next year from her positions of both chair and director of the property giant. She was appointed chair in 2018.
France-based malls giant Unibail-Rodamco-Westfield (URW) has reported “continued recovery across all business divisions” and on Thursday said that Q2 tenant sales are exceeding pre-Covid levels.
Superdrug is upping its high-end beauty credentials, adding seven new premium brands and 102 product lines to its retail portfolio, “reinforcing plans to further build market share through its premium beauty strategy”.
UK retail sales volumes continued to fall month-on-month, albeit slightly, in the year to July, according to the latest CBI Distributive Trades Survey. Online sales volumes also painted a similar picture.
Stylus has released a new platform and refreshed its branding “to signal a new phase of growth under CEO Victoria Rennie”. It worked with Re Design on its brand strategy, and Matter Of Form on the new platform.
Having so far favored direct sales, the American beauty brand is arriving at Sephora stores in the U.S. and Canada, and is expanding its network of boutiques.
Concerns that eco purchases will suffer in the cost-of-living crisis could be overplayed, research suggests. Shopping with a conscience is “so important” to 65% of consumers who think about sustainability before buying.
With UK inflation rising and costs spiralling, consumer spending power continues to decline. Household disposable income fell by a record £44 a week in June, the eighth consecutive month of decline, a report shows.
Retailers are among thousands of UK businesses that have been forced to close down while awaiting rebates for property taxes, according to new data.
There’s been speculation for some time and it’s finally been confirmed — e-tail giant THG has ended its deal with Japan’s Softbank and the latter’s massive investment in THG’s Ingenuity arm won’t now go ahead.
Unilever’s first-half report on Tuesday showed rising sales, with inflation a big factor in that as the company was largely able to pass on price rises to consumers.
The Very Group has appointed a new Chief Marketing Officer (CMO) with Jessica Myers set to join the very.co.uk and Littlewoods owner on 3 October.
