Positive news for giant retail landlord Landsec. The UK’s largest commercial property firm said Friday it has made “good progress” on rent collections following over a year of widespread pandemic-induced disruption.
The son of the founder of Factory Records has criticised the label’s current owner and retailer Selfridges after a new collection of fashion and homewares went on sale with prices rising to the high hundreds of pounds.
Boohoo’s trading update on Tuesday showed that the pureplay e-tailer continued to prosper in Q1, even after UK physical stores reopened in April, although there were challenges in some markets and margins were squeezed.
Gap has confirmed that it’s to close 19 UK and Republic of Ireland stores this summer. It follows a bruising pandemic period and news backs in October that the US firm was launching a review of its European business.