Joules issued an important update on Tuesday, not just talking about how trading is going at the moment but giving information on its liquidity situation following reports that it had taken on advisers to boost this.
More and more brands are opening cafés and restaurants, following in the footsteps of Vuitton, Dior and Gucci, to capitalize on the gastronomy craze.
The weak euro is big draw for tourists, particularly Americans – who are flagged as a key growth driver for the European luxury goods sector in the second quarter, according to analysts from Barclays.
The global slowdown isn’t hitting every business. E-tail giant Amazon is to create 4,000 new jobs in the UK this year, bringing its workforce to 75,000, making it one of Britain’s biggest private employers.
Shopping centres haven’t let the grass grow under their feet since lockdowns ended. In fact, collective investment across the UK sector jumped 170% in the first half of 2022 on the same period last year, new data shows.
UK consumers are feeling the strain with inflationary pressures plus economic uncertainty widening the gap between the haves and have-nots, a new report says. But they share a thrifty and eco-focused approach.
Its key pillars "bigger, better, simpler and cheaper" appear to be winners for pan-European variety budget retailer Pepco Group with group sales rising "strongly" in its third quarter.
Bazaarvoice’s Influenster has launched a new mobile app to match shoppers with brands “seeking honest feedback on their products through authentic reviews, photos, and videos”.
Another month, another new name above the 12 Piccadilly Arcade pop-up store. Design studio TSAU is the latest business to take up the temporary space in an ongoing scheme to give fledgling businesses retail exposure.
UK consumer credit and debit card spending rose 6.2% year-on-year last month as consumers spent more on entertainment and international travel. But Britons are worried about rising living costs.
Matchesfashion on Tuesday morning confirmed that ex-ASOS chief Nick Beighton will indeed be its new CEO, taking over from Paolo De Cesare “after a short transition period”.
Nick Beighton is certainly in demand post-ASOS. Not long after news of him becoming Chairman of Secret Sales, it now emerges that he’s being brought in to run Matchesfashion, replacing CEO Paolo de Cesare.
Joe Browns has announced that Peter Alecock has joined it as CEO with immediate effect, taking the reins from founder Simon Brown who remains in a key role with the firm.
UK retail footfall continues to be well below the pre-pandemic period with no signs that this summer will get it back into positive territory.
BNPL giant Klarna is expected to announce soon that The Canada Pension Plan Investment Board (CPPIB) is to become a shareholder. It’s to unveil a new $800m fundraising, a media report claims.
