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Investors jolted as U.S. retailers show inflation hitting consumers

Investors jolted as U.S. retailers show inflation hitting consumers

Evidence of red-hot inflation seeping into the American economy is sending a chill through investors after major U.S. retailers reported people are cutting back on buying bigger-ticket items as they just try to get by.
Fashion
London leasing boom sees GPE return to profit

London leasing boom sees GPE return to profit

Yet more strong numbers from the commercial property sector on Thursday. Major London landlord Great Portland Estates joined its peers British Land and Landsec this week in delivering an upbeat performance for the year.
Fashion
John Lewis names new executive director

John Lewis names new executive director

​The John Lewis Partnership (JLP) has a new Executive Director for People. Lisa Cherry will join the retail giant in early September. She replaces Nikki Humphrey who is to rejoin the Virgin Group. 
Fashion
M&S to move into new Lakeside flagship, takes ex-Debenhams space

M&S to move into new Lakeside flagship, takes ex-Debenhams space

M&S is continuing to open statement new stores as the UK retail giant enjoys a turnaround in its fortunes. It’s set to take over another former Debenhams site, at the Lakeside mall in Essex.
Fashion
Coats cuts jobs after South American unit disposals - report

Coats cuts jobs after South American unit disposals - report

​UK-based threads manufacturer Coats has cut a number of domestic jobs and replaced other roles as part of its new global strategy. The move comes after the the company recently sold its Brazil and Argentina business,
Fashion
Jaeger names new product boss with Suzi Avens stepping in

Jaeger names new product boss with Suzi Avens stepping in

​M&S’s premium Jaeger brand has named Suzi Avens as head of product. The ex-Cath Kidston and Boden exec joins as M&S continues its relaunch of Jaeger and puts plenty of support behind it both in-store and online.
Fashion
URW rolls out Westfield brand to trio of European flagship locations

URW rolls out Westfield brand to trio of European flagship locations

​Malls giant Unibail-Rodamco-Westfield (URW) is continuing to roll out its Westfield brand to more locations and has announced that it’s rebranding three flagship centres under that name.
Fashion
Grosvenor links with True on social shopping innovation hunt

Grosvenor links with True on social shopping innovation hunt

Landlord Grosvenor has launched an interesting project, unveiling “an innovation challenge seeking to find new technologies and partners that are putting customer experience at the heart of bricks and mortar retail”.
Fashion
ASOS chairman Dyson takes same job at Currys, but stays with ASOS for now

ASOS chairman Dyson takes same job at Currys, but stays with ASOS for now

ASOS Chairman as Ian Dyson is to take up the same post at electricals retailer Currys. He'll remain with ASOS for now and the firm will replace him once it has appointed a new CEO, with its CEO search still under way.
Fashion
JD.com beats revenue estimates but CEO cautious over Covid outbreaks

JD.com beats revenue estimates but CEO cautious over Covid outbreaks

JD.com Inc beat estimates for quarterly revenue as more people shopped on its platform following Covid lockdowns in China, but its CEO was cautious on the outlook due to logistical disruptions and sluggish consumption. 
Fashion
Shopee-owner Sea posts upbeat results on e-commerce strength

Shopee-owner Sea posts upbeat results on e-commerce strength

Singapore-based Sea Ltd on Tuesday beat quarterly sales estimates and posted a smaller-than-expected quarterly loss, driven by strength in its core e-commerce as well as digital payments business.
Fashion
Kohl's loses two senior executives as it looks for a buyer

Kohl's loses two senior executives as it looks for a buyer

Kohl's Corp said on Wednesday two of its senior executives are stepping down from their roles, as the U.S. department store chain hunts for a buyer amid pressure from activist investors to sell itself.
Fashion
Pure London announces theme, unveils speakers

Pure London announces theme, unveils speakers

The latest edition of UK trade fashion show Pure London will be all about ‘Empowering Change’ as the event returns to the post-pandemic schedule across 17-19 July at Olympia London.
Fashion
UK's hot property sector sees British Land return to profit

UK's hot property sector sees British Land return to profit

​British Land became the second UK property giant in two days to report that the sector’s post-pandemic trading is thriving again, delivering “a strong performance across all parts of our business” for the year.
Fashion
Coats Group opens new trading year with sales 20% ahead

Coats Group opens new trading year with sales 20% ahead

Threads giant Coats Group said Wednesday it's enjoying “strong sales momentum” in the first four months of the new trading year, with group sales growing 20% year-on-year.
Fashion
T.J. Maxx parent sees upbeat profit as price hikes counter higher costs

T.J. Maxx parent sees upbeat profit as price hikes counter higher costs

Discount store operator TJX Cos Inc on Wednesday forecast annual profit above Wall Street estimates after posting upbeat quarterly earnings, as price increases help the T.J. Maxx parent counter a hit from rising costs.
Fashion