Superdry’s Christmas trading update and results for the first half showed “clear signs of brand and financial recovery” on Thursday, although the company isn’t yet where it would like to be, with sales still lagging.
There’s no signs of a slowdown in Frasers Group’s expansion plans. Its core athletic sportswear brand Sports Direct is opening another flagship store, this time at the 280,000 sq ft St Anns Shopping Centre in Harrow.
Fashion, art, retail and technology are drawn together in a first-of-its-kind, multi-layered cultural collab featuring the work of artist Victor Vasarely and fashion house Paco Rabanne at Selfridges’ London store.
London continued to be the shopping capital of Europe in 2021, according to a new report by BNP Paribas Real Estate, with Oxford Street, Regent Street and Covent Garden all scoring highly in terms of visitor numbers.
It will probably go down as one of the capital's most derided attractions. London’s Marble Arch Mound, the £6 million, 72 ft-high hill folly that claimed the job of Westminster council’s deputy leader, closed on Sunday.
The new owners of Selfridges have major property development plans for the site in Oxford Street, London, with a luxury hotel and flats to be created. They will also continue to upgrade the main department store.
It’s official — Thailand’s Central and Austria’s Signa are buying Selfridges Group from the Weston family. The transaction “will create one of the world’s leading omnichannel luxury department store groups”.
The increasing threat of the new Omicron Covid variant hit UK retail footfall in the latest trading week (5-11 December). Visits across UK retail destinations declined 1.1% week-on-week, according to Springboard.
UK retail giant Frasers Group saw revenues at its domestic and European operations surging in the half to October. And while its ‘rest of world retail’ division saw a double-digit dip, overall the results looked good.