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Coats Group weathers turbulent year with improving H2, outlook positive

Coats Group weathers turbulent year with improving H2, outlook positive

After a “turbulent” trading year, it certainly wasn’t all bad news for Coats Group despite delivering mostly negative numbers in its 12-month trading statement to 31 December on Thursday.
Fashion
Selfridges sales were rising but pandemic meant huge challenges for retailer

Selfridges sales were rising but pandemic meant huge challenges for retailer

​Selfridges had already flagged the fact that its sales rose and its net profits fell in the year to February 2020, but it has now officially filed its annual results and the full extent of that performance can be seen.
Luxury
Oxford Street regeneration plan fails to convince property sector

Oxford Street regeneration plan fails to convince property sector

Some property experts have dismissed the Westminster City Council plans for the revitalisation post-pandemic of Oxford Street and the surrounding areas.
Fashion
Gucci sales fall in Q4, but Bottega Veneta, Saint Laurent are on a roll

Gucci sales fall in Q4, but Bottega Veneta, Saint Laurent are on a roll

​Sales at Kering's leading brand, Gucci, suffered a bigger-than-expected drop in Q4 as Covid continued to dent luxury shopping and crimp tourist spending in particular.
Luxury
Skinnydip dives into AI-powered merchandising and A/B testing to boost online sales

Skinnydip dives into AI-powered merchandising and A/B testing to boost online sales

It took the pandemic to shift all sales operations online. So clothing, lifestyle and accessories retailer Skinnydip London introduced automated merchandising and A/B testing technology to boost its digital operations.
Fashion
Shaftesbury launches Chinese New Year campaign

Shaftesbury launches Chinese New Year campaign

A distinct lack of tourists in London to celebrate this year’s Chinese Lunar New Year hasn’t stopped Shaftesbury from forging ahead with a related promotion.
Lifestyle
​Strong recovery possible for West End says Mayor's report, but more support needed

​Strong recovery possible for West End says Mayor's report, but more support needed

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.
Fashion
Covent Garden landlord slashes property value again as pandemic weighs

Covent Garden landlord slashes property value again as pandemic weighs

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.
Fashion
Selfridges gets through 2020 in good shape, pre-pandemic sales rose

Selfridges gets through 2020 in good shape, pre-pandemic sales rose

​Selfridges weathered the 2020 storm, despite enduring the toughest retail year in decades. That’s according to company chief Anne Pitcher who admitted that it was the “most difficult” period in its 113 years.
Luxury
Richemont sales edge up, but fashion struggles while jewellery surges

Richemont sales edge up, but fashion struggles while jewellery surges

​Richemont’s third quarter — the all-important three months to the end of December — saw sales rising only 1%, although currency-neutral, they were up a healthier 5%, despite the “continuously volatile environment”.
Fashion
Burberry sales fall again due to Covid but full-price and Asia are strong

Burberry sales fall again due to Covid but full-price and Asia are strong

​Burberry saw another round of retail sales falls in Q3, with Europe and the Americas still being hit hard. But it said China, Korea, leathergoods, outerwear and full-price sales all headed in the right direction.
Fashion
Kering sponsors renovation of Florence’s Palazzo Vecchio courtyard

Kering sponsors renovation of Florence’s Palazzo Vecchio courtyard

Kering is sponsoring a key element of the renovation of the famed Michelozzo courtyard of Florence’s Palazzo Vecchio, the city hall of the Renaissance capital. 
Luxury
Harvey Nichols COO steps up to chief executive role

Harvey Nichols COO steps up to chief executive role

Harvey Nichols has promoted its COO to its top job with Manju Malhotra becoming CEO. She now runs the UK and international stores, plus the online business, at the toughest time for luxury retail in decades.
Luxury
Liberty performance improved pre-pandemic, but 2020 has been tough

Liberty performance improved pre-pandemic, but 2020 has been tough

Liberty's sales rose and its losses narrowed in the year to February, it said this week. But since then, lockdowns have put it under heavy pressure and while its owners are supportive, times are tough for the flagship.
Luxury
Heathrow could lose 2,000 jobs as tax-free shopping changes

Heathrow could lose 2,000 jobs as tax-free shopping changes

​The world’s (usually) busiest airport, Heathrow, could lose up to 2,000 jobs if the UK’s decision to change the rules around tax-free shopping for tourists goes ahead, the airport’s CEO claims.
Luxury
Via Outlets has strong year with 100+ lockdown leasing deals

Via Outlets has strong year with 100+ lockdown leasing deals

The outlets sector remains one of the most resilient retail channels at present and Europe-based Via Outlets has completed more than 117 new leasing deals since the start of the pandemic.
Fashion