E-tailer Notonthehighstreet (NOTHS) has been acquired by US investment firm Great Hill Partners following a buoyant period in which its sales rose strongly due to physical store lockdowns.
Just when the first chill winds of schadenfreude were swirled around Hedi Slimane’s tenure at Celine, along came the creative director to silence his doubters with a brilliant video and teen rebel collection.
M&S has made two major appointments as Fiona Lambert joins to “lead the repositioning of Jaeger as an independent brand within M&S” and Anna Braithwaite works “to drive changing customer perceptions" of the M&S brand.
Pressure is building on the UK government to introduce an online sales tax in response to a major imbalance in trading conditions that has seen digital retail boom during a pandemic that has devastated physical stores.
A Christmas spent living under Covid-19 restrictions sparked a major shift in gifting habits, according to new data.
We know trading in January was a washout for non-essential store retailers. Just how much was underlined on Friday with BDO saying it was the worst January on record.
Nearly a third of fashion brands and a quarter of retailers are planning to shut physical stores this year, while over two thirds of shoppers don’t plan to visit the high street in 2021.
Despite awful retail footfall figures for January, lockdown fatigue and pent-up desire to go non-essential shopping is simmering. So expect a bounce-back when the world of retail fully reopens, says Springboard.
Although Central London has been “profoundly” impacted by Covid, the capital’s Mayor Sadiq Khan has said a “rapid recovery is possible” in his report on future challenges and opportunities.
Stores closed, no tourists. That pandemic-induced combination has meant one of London’s leading retail attractions, Covent Garden, continues to suffer more than most.
Peter Ruis, the UK fashion executive who used to run Jigsaw and was Executive Buying & Brand Director at John Lewis, is moving to Canada to run Indigo, the country’s largest books and lifestyle retailer.
Visitor traffic to retail destinations is still moving higher in Britain, even though bad weather means the rise is fairly small. But Central London continues to suffer with few visitors to be seen.
Stockmann has updated its guidance and written down the value of its Lindex chain following an ‘impairment test’ for the business, even though Lindex’s performance has been fairly strong in recent periods.
Large-scale store openings may be on hold due to Covid, but with China already recovering, it’s being prioritised. H&M Group said on Friday that Nordic lifestyle brand Arket will open a flagship in Beijing this autumn.
H&M Group has warned that its current quarter continues to see sales hurt by the pandemic. The warning came after it reported a sharp fall in profits for Q4 and the full year.
