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Duty-free retailer Dufry's Q1 sales soar on post-COVID travel boom

Duty-free retailer Dufry's Q1 sales soar on post-COVID travel boom

Swiss duty-free retailer Dufry on Thursday posted 144.5% organic sales growth for the first quarter, supported by an uptake in travel in Europe and the Americas as coronavirus curbs were eased.
Lifestyle
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
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
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
Kim Jones invites Eli Russell Linnetz to guest design Dior Men spring collection

Kim Jones invites Eli Russell Linnetz to guest design Dior Men spring collection

The French fashion house will unveil its new men's collection this Thursday, May 19, on Venice Beach, as well as on Facebook. Creative Director Kim Jones will also present a collaboration with the label Erl.
Luxury
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
UK inflation hits 40-year high of 9%, could derail fashion and beauty recovery

UK inflation hits 40-year high of 9%, could derail fashion and beauty recovery

British inflation surged last month to its highest annual rate since 1982, piling pressure on finance minister Rishi Sunak to step up his help for households facing a worsening cost-of-living crisis.
Fashion
N Brown upbeat as strategic brands focus pays off

N Brown upbeat as strategic brands focus pays off

​Battered N Brown group saw its share price rising early on Wednesday on the announcement of a new sub-brand being launched by the company and also its full-year results update.
Fashion
Strong U.S. retail sales, manufacturing output boost economic outlook

Strong U.S. retail sales, manufacturing output boost economic outlook

U.S. retail sales rose strongly in April as consumers bought more motor vehicles amid an improvement in supply and increased spending at restaurants, providing a powerful boost to the economy.
Fashion
Shaftesbury boosts London's Berwick Street ownership with new buy

Shaftesbury boosts London's Berwick Street ownership with new buy

Landlord Shaftesbury, which owns a 16-acre portfolio in London's West End, has just got a little bigger in the retail area. ​The property giant has acquired a long leasehold in the lower floors of 92-104 Berwick Street.
Fashion
Landsec success heralds return to profit, launches new leasing partner model

Landsec success heralds return to profit, launches new leasing partner model

​Property giant Landsec — which owns most of Bluewater — spoke of its strong financial and operational position Tuesday, “expecting to deliver material growth in income”. And that's with UK economic turbulence factored in.
Fashion
UK footfall slips back in latest week

UK footfall slips back in latest week

​UK footfall’s post-pandemic recovery took a hit last week as concerns over rising prices and worries over an impending recession deepened. There were negative numbers (almost) everywhere for the 8-14 May period. 
Fashion
Next under fire over 'excessive' leadership pay

Next under fire over 'excessive' leadership pay

​As costs and inflation rise and the prospect of recession looms large, retail bosses are being targeted for ‘excessive’ pay and bonuses, with fashion retail giant Next among them.
Fashion
CEO of AllSaints joins British Retail Consortium board

CEO of AllSaints joins British Retail Consortium board

​The British Retail Consortium (BRC) has beefed up the non-executive directors on its board with the appointment of two new names, including Peter Wood, the CEO of AllSaints.
Fashion
Made.com says current trading is tough, unveils new CFO

Made.com says current trading is tough, unveils new CFO

​Made.com — the digital lifestyle brand that last week announced it’s buying Trouva — released a trading update on Monday and also revised its guidance for the year ahead.
Fashion