Post-pandemic business continues to improve for Shaftesbury and the value of its prestige London property portfolio is growing, up by £250m in just 12 months.
AI-powered SaaS platform Cooee has raised £300,000 in pre-seed funding to further product development, increase e-commerce store reach and launch an augmented reality version of the product.
Retail sales have been “poor for the time of year” this month and sales volumes both in-store and online fell rapidly in the year to April. That’s the takeaway from the latest CBI monthly Distributive Trades Survey.
If you think your retail tech credentials are up to scratch, you may have to think again. New data from finance firm Klarna reveals that UK shoppers want to integrate new technologies into their shopping experience.
Following a successful launch and trials at Autumn Fair 2021 and Spring Fair 2022, the Curated Meetings offer is now open to a “game-changing way of doing business” at the next Autumn Fair on 5 and 6 September.
Primark’s owner Associated British Foods (ABF) reported its half-year results on Tuesday and they showed that the value-focused fashion chain continues to recover well from the pandemic.
A double plus for Liverpool One. The city’s major mall, co-owned by Grosvenor, has signed a replacement to fill the former Debenhams space while also ticking the now-essential ‘experiences’ box for shopping centres.
Doorstep returns are taking a step forward. Asda supermarket customers in almost 50 UK locations can now return parcels from more than 100 retailers and George.com at the same time as receiving their grocery delivery.
Icon Outlet at The O2 has fully reopened after the London mall suffered extensive damage to its roof caused by Storm Eunice back in February. The reopening includes key brands Nike, Adidas, Next, Levi’s and Lids.
After rising retail footfall was seen during the long Easter weekend, visitor traffic to British stores stayed fairly buoyant in the week up to April 24 and was down only 12.8% compared to 2019 in the non-food sector.
UK consumer confidence continues to plummet. So how bad is it? Down seven points to -38 in April, it’s the second-lowest reading since records began nearly 50 years ago, according to the latest GfK report.
UK Retail sales volumes fell by 1.4% in March 2022 following a fall of 0.5% in February, the Office for National Statistics said on Friday. That said, sales volumes were 2.2% above their pre-Covid February 2020 levels.
Pan-European variety budget retailer Pepco Group has promoted Trevor Masters to CEO, effective immediately. He has been acting interim CEO since February and replaces long-standing CEO Andy Bond.
Heidi Stevens takes over as CEO of Otto International in mid-May, succeeding Michael Dumke, who’s due to retire at the end of June after 11 years as CEO of Otto Group’s global procurement and services company.
Harrods is continuing the rollout of its H Beauty chain and has opened its latest branch in Bristol. It’s the fourth standalone in the UK and comes in the same week that Farfetch and Browns launched giant beauty offers.
