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Westfield owner reviews development pipeline amid 'challenging' times

Westfield owner reviews development pipeline amid 'challenging' times

Shopping centre landlord Unibail-Rodamco-Westfield disposed of several retail assets and scaled back its development pipeline in 2019 after facing a “challenging” retail environment in the UK.
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Fashion
Stockmann makes progress, Lindex has strong year, profits improve

Stockmann makes progress, Lindex has strong year, profits improve

Stockmann is forging ahead with its transformation plans and while the signature department store chain is loss-making and the market is tough, the firm is upbeat on its prospects and of those of the more buoyant Lindex.
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Fashion
Marimekko upbeat as collabs pay off, has big plans for 2020

Marimekko upbeat as collabs pay off, has big plans for 2020

Marimekko was in an upbeat mood Thursday as it delivered a “strong” set of results for the year ending December 31. It was boosted by a flourish in the final quarter on strong Holiday numbers and international traction.
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Fashion
UK's £1bn Valentine's spend is minimal rise says GlobalData

UK's £1bn Valentine's spend is minimal rise says GlobalData

Valentine’s Day is set to be worth just over £1 billion in revenue this year in Britain, a minimal 0.6% rise on last year and actually a fall if inflation is taken into account, GlobalData said on Wednesday.
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Fashion
Gucci unveils Gucci Osteria da Massimo Bottura in Beverly Hills

Gucci unveils Gucci Osteria da Massimo Bottura in Beverly Hills

Set to open to the public on February 17, the new Osteria is located on the roof of Gucci's Los Angeles store and is led by Michelin-star chef, Massimo Bottura, the chef patron of Osteria Francescana.
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Luxury
Ikea new CEO targets 'even more affordable' furniture as habits shift

Ikea new CEO targets 'even more affordable' furniture as habits shift

Ikea named insider Jon Abrahamsson Ring to succeed Torbjorn Loof as chief executive of the world's biggest furniture brand on Tuesday as it adapts to seismic shifts in shopping.
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Lifestyle
Fashion flops in January as clothing sales fall, online penetration increases

Fashion flops in January as clothing sales fall, online penetration increases

Two new spending surveys, from Barclaycard and the BRC, showed fashion stores struggling in January, discount stores on the rise and online spend strengthening its hold on UK consumers overall.
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Fashion
Malls bounce back in January as UK footfall decline slows down

Malls bounce back in January as UK footfall decline slows down

The week has started with some good news for the under-pressure malls sector with the latest UK footfall report from Springboard being headlined 'The start on the road to recovery for shopping centres'.
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Fashion
End of the road for over half of Beales stores as no buyer is found yet

End of the road for over half of Beales stores as no buyer is found yet

It's been a bad year for Beales so far and it got worse on Friday with the mid-market department store chain set to close 12 shops – more than half of its total – as administrators continue to seek a buyer for the rest.
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Fashion
Harrods unveils new interiors department

Harrods unveils new interiors department

After the revamp of its beauty hall, menswear department and fine watches area, the latest Harrods department to reopen with a new look is the luxury retailer’s homewares destination.
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Lifestyle
New John Lewis chair warns on possible store closures, job losses

New John Lewis chair warns on possible store closures, job losses

Sharon White has only been in her post as chair of John Lewis Partnership for a few days but she's already warned that the retailer is facing its toughest decisions in almost 100 years.
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Fashion
Britons loosen January pursestrings, fashion benefits but did margins suffer?

Britons loosen January pursestrings, fashion benefits but did margins suffer?

Clarity on Brexit and ongoing discounting combined to make consumers feel better about shopping last month. A report showed like-for-like sales in physical stores grew 5.7% during January and fashion rose even faster.
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Fashion
M&S names chief strategy director as it works to speed up turnaround

M&S names chief strategy director as it works to speed up turnaround

Marks & Spencer has appointed Katie Bickerstaffe chief strategy and transformation director to accelerate the retail giant’s turnaround efforts, it said late on Wednesday.
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Fashion
Via Outlets boosts growth in 2019 on upgrades, tourists and new brands

Via Outlets boosts growth in 2019 on upgrades, tourists and new brands

Via Outlets, the European premium outlet centre operator, said it saw strong growth in 2019, with increases across all metrics as remodelling works, new brands and a tourist focus all paid off.
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Fashion
Macy's to launch new store concept in Texas

Macy's to launch new store concept in Texas

The debut 'Market by Macy's' store will stock a curated selection of Macy’s branded fashion offerings, as well as pieces from specialty designers and local Texas brands for men, women, kids and the home.
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Fashion
Ikea's Coventry store to close in first UK shut down

Ikea's Coventry store to close in first UK shut down

Ikea's British arm is to shut a loss-making store in Coventry, central England, its first big closure in the country, putting 352 jobs at risk, the world's biggest furniture maker said on Tuesday.
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Lifestyle