The company revealed that its board has unanimously approved its planned spin-off of the Victoria’s Secret brand on Tuesday and provided further details about the transaction, as well as preliminary Q1 financial results.
The United States’ largest mall owner announced that it has been seeing strong growth in traffic during an earnings call on Monday, but is still cautious in its outlook. The company’s revenues fell 0.08% in Q1.
Be warned, consumer sustainability issues may be more important than you think. Over half of people in the UK (56%) are less likely to buy from organisations with a weak sustainability record, according to a new survey.
UK retail may be open for business again, but some smaller traders are far from happy at the speed of the revival, with campaign group Save The Street calling for government help to stimulate local spending.
As Debenhams exits the high street, many of its former stores are being converted to non-retail uses. But there appears to be an opportunity opening up for the return of smaller department store operators.
Joules Group had good news on Tuesday as it’s expecting a “positive performance” across all retail channels for the financial year that ends in a few weeks, with revenue and pre-tax profit ahead of expectations.