Hopes that strong retail sales in the summer would continue into early autumn seem to have been dashed — at least that’s the case according to the earliest of the monthly retail sales reports to come out.
This week has brought a number of moves in the property sector as Landsec said on Friday that it has sold two retail parks, while a joint venture acquired Martineau Place shopping centre in Birmingham.
TJX Europe has begun hiring up to 2,000 young people in the UK under a government work placement programme. The Kickstart Scheme will offer six-month posts in over 400 TK Maxx and Homesense stores across the country.
For Paris Fashion Week, L'Oréal Paris will stage the fourth edition of its fashion show in the heart of the French capital. The event, scheduled on October 3, is open to the public and will be broadcast in 30 countries.
The Bolingbrook, Illinois-based cosmetics retailer has unveiled the Muse 100, an initiative that recognizes and awards grants to 100 trailblazing Black voices working in different fields of the beauty industry.
Covid-19 was no friend to cash. The pandemic saw retail transactions via payment cards rocket in 2020, according to the British Retail Consortium (BRC). Cash now accounts for just 15% of total spending in retail.
South London outlet mall Icon Outlet at The O2 said sales during August reached record levels compared to the pre-pandemic period in 2019. Sales rose by 24%, average transaction value grew 11%, and footfall rose 10%.
Supermarket giant Sainsbury’s — owner of the Tu Clothing brand — is aiming to drive sales higher by offering regular shoppers who have a Nectar loyalty card personalised discounts “on Sainsbury’s products and groceries”.
UK retailers can expect a “tale of two Christmases” this year. According to eBay UK, personal finances will play a major part in consumer choices as the lasting effects of the pandemic will divide spending patterns.