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Duty-free retailer Dufry expects to open 90% of sales capacity by April

Duty-free retailer Dufry expects to open 90% of sales capacity by April

Swiss duty-free retailer Dufry expects to reopen more than 90% of its sales capacity by April as travel rebounds from the pandemic slump, it said on Tuesday, after its 2021 turnover met its worst case scenario forecast.
Lifestyle
Oxford's Street's "candy and tat shops" are on council hit list

Oxford's Street's "candy and tat shops" are on council hit list

​Seen by many as downmarket eyesores, Oxford Street’s raft of candy stores in London, alongside tourist shops and phone repair shops, could soon disappear if Westminster Council gets its way.
Fashion
Hermès booms in 2021, couldn't meet demand in Q4

Hermès booms in 2021, couldn't meet demand in Q4

​Hermès was the latest luxury group to signal a strong recovery on Friday with the French firm’s Q4 and full-year sales highlighting the resilience of the biggest global luxury names both during and after the pandemic.
Luxury
UK to lose top spot in European duty-free sales table

UK to lose top spot in European duty-free sales table

​As retailers continue to campaign against the UK's changes to VAT-free shopping rules, new analysis from GlobalData claims Britain will lose its top spot in the European ‘duty-free’ market as spend falls 70% by 2025.
Fashion
West End footfall rises after Plan B restrictions are eased

West End footfall rises after Plan B restrictions are eased

​The easing of Plan B Covid restrictions in England over the past week has seen consumers returning to London’s West End, which is home to the flagship stores of many of the fashion sector’s biggest retail names.
Fashion
Vilebrequin links with IMG for collabs, will expand into new categories

Vilebrequin links with IMG for collabs, will expand into new categories

​Luxe French swimwear label Vilebrequin has appointed IMG to “extend its brand globally through product and brand licensing partnerships, in a multi-year global deal”.
Fashion
Selfridges UK stores saw revenues falling 40% in first pandemic year

Selfridges UK stores saw revenues falling 40% in first pandemic year

​Selfridges Retail Limited has filed its full accounts for the year to the end of January 2021 and they show the devastation that the pandemic wreaked in what should have been another good year for the company.
Luxury
Harvey Nichols sales fall, losses grow, but it raises fresh funding

Harvey Nichols sales fall, losses grow, but it raises fresh funding

​Harvey Nichols saw its sales plummeting in the year to the end of March with a drop to £121 million from a pre-pandemic £222 million.
Luxury
Hong Kong retailers forge new path without mainland Chinese tourists

Hong Kong retailers forge new path without mainland Chinese tourists

Three years of democracy protests followed by a pandemic have devastated Hong Kong retailers who had grown used to relying on cash from mainland Chinese tourists.
Fashion
Central and Signa win Selfridges, Holt Renfrew not included

Central and Signa win Selfridges, Holt Renfrew not included

​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”.
Fashion
Estée Lauder puts Umair Ansari in charge of EMEA travel retail

Estée Lauder puts Umair Ansari in charge of EMEA travel retail

The US beauty group has promoted Umair Ansari to the post of VP and managing director of its European travel retail division, adding Europe to the Middle East and Africa regions he has been overseeing since 2019.
Beauty
Fortnum & Mason names Burberry's Robertson to new post, aims for innovation

Fortnum & Mason names Burberry's Robertson to new post, aims for innovation

​Luxury London store Fortnum & Mason has named Iain Robertson to the newly created role of chief operating and innovation officer. He joins in February. 
Luxury
Electronic payments rule as cash-carrying narrows in UK - report

Electronic payments rule as cash-carrying narrows in UK - report

More than half of Britons (52%) now claim they never take notes or coins with them on routine trips, instead using their mobile phone to make payments, according to a nationwide survey. 
Fashion
Malmö Designer Village planned for 2025 debut, to be Scandinavia's largest

Malmö Designer Village planned for 2025 debut, to be Scandinavia's largest

​Sweden is to host Scandinavia’s largest designer outlet village with the project’s first phase set to open in summer 2025 while phase two will follow in autumn 2027.
Fashion
Thailand's Central eyes Selfridges buy - report

Thailand's Central eyes Selfridges buy - report

​Thailand's Central Group is interested in bidding for Selfridges, a report said Thursday. Interestingly, it also owns La Rinascente, the Italian retailer of which ex-Selfridges CEO Vittorio Radice is Vice-Chairman.
Luxury
West End recovery expected to continue into festive season

West End recovery expected to continue into festive season

​As many analysts and commentators question whether the retail recovery – and specifically the fashion retail recovery – can continue into the heart of the festive season, one key group thinks it can.
Fashion