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Next "to buy" 25% stake in troubled Joules - report

Next "to buy" 25% stake in troubled Joules - report

​Next has been busy buying up stakes in both strong and struggling businesses and the latest example of the latter is Joules, at least according to a news report.
Fashion
India's DLF mulls auction bid for New Delhi mall with base price of $366m - sources

India's DLF mulls auction bid for New Delhi mall with base price of $366m - sources

India's biggest real estate developer DLF is evaluating a bid for a prominent New Delhi shopping mall that has a starting auction price of $366 million, according to two sources and a public notice seen by Reuters.
Fashion
Walmart cuts jobs at corporate level - report

Walmart cuts jobs at corporate level - report

​Walmart Inc is cutting hundreds of corporate roles in a restructuring effort, the Wall Street Journal reported on August 3, citing people familiar with the matter.
Fashion
UK retailer Next lifts outlook on strong clothing demand

UK retailer Next lifts outlook on strong clothing demand

​Retailer Next, a mainstay of Britain's shopping streets, defied the economic gloom on Thursday to lift its full-year sales and profit forecasts after warm weather in June and July spurred better-than-expected trade.
Fashion
Eurozone retail sales drop more than expected in June as prices rise

Eurozone retail sales drop more than expected in June as prices rise

Euro zone retail sales plunged more than expected in June as prices at factory gates continued to rise, data showed Wednesday, signalling a weakness in consumer demand that could herald a recession in H2.
Fashion
India’s export orders 20% lower due to recession, brands’ sales down

India’s export orders 20% lower due to recession, brands’ sales down

Global recession is knocking at the doors of Indian textile industry. The impact of recession is clearly visible on new orders received by Indian exporters.
Fashion
Sales and profit boom at Hermès in H1, China bounces back at end of period

Sales and profit boom at Hermès in H1, China bounces back at end of period

​Hermès saw a sales boom in Q2 as — like its luxury peers — it enjoyed strong growth in Europe and the US with China also recovering during June towards the end of the quarter.
Luxury
Campaigners step up efforts to prevent M&S Marble Arch demolition

Campaigners step up efforts to prevent M&S Marble Arch demolition

​M&S can expect yet more opposition to its long-running bid to demolish and rebuild its flagship Marble Arch, London, store. Heritage campaigners have begun crowdfunding to oppose the plans in an upcoming public enquiry.
Fashion
Hammerson returns to profit with footfall almost back to pre-pandemic levels

Hammerson returns to profit with footfall almost back to pre-pandemic levels

Hammerson listed three key positives in its half-year trading update on Thursday. The commercial property giant returned to pre-tax profit as footfall recovered to near pre-pandemic levels and costs fell.
Fashion
Landsec chair set to "retire", Bluewater operator seeking replacement

Landsec chair set to "retire", Bluewater operator seeking replacement

​Landsec is on the lookout for a new chair. The vacancy arises because Cressida Hogg is set to "retire" next year from her positions of both chair and director of the property giant. She was appointed chair in 2018.
Fashion
URW stronger in first half as Westfield owner says Q2 tenant sales beat pre-Covid levels

URW stronger in first half as Westfield owner says Q2 tenant sales beat pre-Covid levels

​France-based malls giant Unibail-Rodamco-Westfield (URW) has reported “continued recovery across all business divisions” and on Thursday said that Q2 tenant sales are exceeding pre-Covid levels.
Fashion
UK July retail sales volumes slip again but August’s a concern - CBI

UK July retail sales volumes slip again but August’s a concern - CBI

UK retail sales volumes continued to fall month-on-month, albeit slightly, in the year to July, according to the latest CBI Distributive Trades Survey. Online sales volumes also painted a similar picture.
Fashion
Trends service Stylus unveils new platform and brand refresh

Trends service Stylus unveils new platform and brand refresh

Stylus has released a new platform and refreshed its branding “to signal a new phase of growth under CEO Victoria Rennie”. It worked with Re Design on its brand strategy, and Matter Of Form on the new platform.
Fashion
UK shoppers focus on ethical shopping, despite cost-of-living crisis

UK shoppers focus on ethical shopping, despite cost-of-living crisis

Concerns that eco purchases will suffer in the cost-of-living crisis could be overplayed, research suggests. Shopping with a conscience is “so important” to 65% of consumers who think about sustainability before buying.
Fashion
Uk household spending power drops by £44 a week - report

Uk household spending power drops by £44 a week - report

With UK inflation rising and costs spiralling, consumer spending power continues to decline. Household disposable income fell by a record £44 a week in June, the eighth consecutive month of decline, a report shows.
Fashion
Too late for some: thousands of businesses fail awaiting business rates rebates

Too late for some: thousands of businesses fail awaiting business rates rebates

​Retailers are among thousands of UK businesses that have been forced to close down while awaiting rebates for property taxes, according to new data.
Fashion