Much-higher-than-expected sales of Clothing proved to be the icing on the cake for Sainsbury’s as the UK supermarket giant served up mostly positive results for its Q1 trading period to 26 June.
With Monday 19 July finally signalled as the day England becomes completely free of all Covid-related restrictions, there’s a warning that footfall across UK high streets may never recover to pre-pandemic levels.
Luxury group Mulberry said on Tuesday that its wholly owned French subsidiary is to end the lease of its store at 275 Rue Saint Honoré and exit the property early.
There will be more store closures in UK this summer with news that Dutch variety retailer Hema will exit its six physical locations. It adds to the massive total of physical shops that have shut in Britain.
Pulse Rewards is a new loyalty programme for good payers launched by Clearpay. The financier claims its “unique programme encourages responsible spending, by offering benefits to customers who make on-time payments”.
Companies around the world must boost sustainability efforts, not just for the planet, but also for their bottom line as consumers globally believe businesses are responsible for a whole host of sustainability issues.
Retail in London’s premium Marylebone area has been given a boost with the addition of two new independent stores -- Labour and Wait and John Boyd Hats --added to landlord Portman Estate’s portfolio this month.
Boots owner Walgreens Boots Alliance said its Q3 results exceeded expectations and it raised its full-year guidance to around 10% growth in earnings per share (EPS).
Cadogan Estates, the family-owned company that owns swathes of commercial and private properties across London’s Chelsea and Knightsbridge, has seen the value of its 93-acre portfolio fall by almost £800 million.
Uplifting news for UK non-food retailers. Footfall will continue to strengthen over the summer, reaching almost three-quarters of its 2019 level in Q3, retail analyst Ipsos predicted this week.
Primark is bouncing back as its stores around the world reopen with the company saying on Thursday that all of its stores were operating by the end of the third quarter.
H&M Group is on the recovery trail with Q2 profit that was better than expected and Q3 having started well as its stores globally bounce back and online remains strong.
Grosvenor Britain & Ireland (GBI) is picking up the pace in its bid to improve its environmental status. The commercial property giant has joined ‘The Race to Zero’ global campaign backed by the United Nations.
Online marketplace Etsy announced on Monday that it has signed a definitive agreement to acquire Latin America’s Elo7, a privately held marketplace for unique, handmade items.
UK fashion and lifestyle retail giant Matalan joined many of its peers in delivering a set of pandemic-ravaged results in its latest reporting period. But fear not. Matalan’s an upbeat business far from struggling.
