Official data on Friday showed that June’s retail sales volumes rose 13.9% month-on-month in June “as non-food and fuel stores continue their recovery from the sharp falls since the start of the pandemic”.
Under-pressure Finnish retail giant Stockmann made a Q2 operating loss as the coronavirus crisis kept shoppers out of its department stores for much of the April to June period.
John Lewis’s plan to close its Birmingham department store has pitted its current chairman Sharon White against former boss Andy Street, who oversaw the location’s opening and is now the city's mayor.
Unilever’s H1 results have shown the consumer products giant staying relatively strong during global lockdowns, despite underlying sales dipping and prestige beauty being down due to store closures.
Britons spent almost £41 billion on “dispensable” items during lockdown “in an effort to have more fun while at home”, a new Barclaycard Payments study showed on Thursday.
Fragrance house Interparfums announced a 70 percent decline in second quarter sales on Wednesday, due to the Covid-19 pandemic.
The American e-commerce juggernaut has announced that it is delaying its biggest annual sales event this year due to disruption caused by the ongoing Covid-19 pandemic.
The UK government’s latest decision to postpone its business rates revaluation once more has been criticised by property specialists who have repeated their calls for fundamental reform of the system of property taxes.
E-tail giant eBay has sold its Classifieds Group that includes Gumtree, its UK-based business, to rival Adevinta. The $9.2bn deal sees the Oslo-based firm paying $2.5bn in cash and eBay gets a 44% stake in the new owner.
Giorgio Armani and e-tail giant Yoox Net-a-Porter (YNAP) have announced a deal that’s all about better integrating the luxury brand’s e-commerce site and its physical stores globally.
The beauty retailer said it plans to open around 30 new stores this year, and make its first brick-and-mortar entry into Canada "with a number of stores" in 2021.
Fragrance and flavour maker Givaudan said it was on track to meet its 2020 guidance after net profit rose 9% and like-for-like sales grew 4% in the first half as consumers kept buying soap during the Covid-19 pandemic.
As the latest footfall figures show shopping centres staging a slow recovery, Hammerson is working to make consumers feel as comfortable as possible with visiting such indoor locations.
UK footfall may have been on a generally upward trajectory since stores reopened last month, but it has been unable to maintain the double-digit increase seen in the early days of reopening and London is still weak.
Landlord Grosvenor has submitted a planning application to transform a historic but underused part of North Mayfair in a bid to help reboot the West End following the Covid-19 lockdown.
