“Christmas came early” for UK retail in November. At least, that’s what some said as the latest CBI quarterly Distributive Trades Survey on Thursday showed sales were “good for the time of year”.
One way around the problems of product supply issues is to build your own logistics centres. That’s exactly what British Land is doing, planning to turn empty spaces across the UK into urban distribution sites.
Stuart Rose has been appointed chairman of UK supermarket giant Asda as of next month. The UK retail veteran, who stepped down as chair of Ocado earlier this year, will lead the board’s search for a new chief executive.
It was simply known as Barton Square, but the TraffordCity retail, leisure, and entertainment space in Manchester has been renamed Trafford Palazzo.
Property giant Landsec is reported to be in talks to buy a further 25% in the giant Kent shopping mall Bluewater with the price pitched at a bargain £200 million.
Clearpay is now offering UK retailers access to millions more shoppers. The Australian buy-now-pay-later financier has introduced another cross border trading option for its 6,000+ UK merchant partners.
It’s official: the Christmas trading period has begun in Britain. Week-on-week footfall to UK retail destinations rose faster than it had done in previous weeks across the latest seven days (14-21 November), rising 4.1%.
The John Lewis Partnership is looking for environmental “innovators”. In a bid to end the high street’s ‘throwaway culture’, the UK retail giant has launched a £1 million ‘Circular Future Fund’.
Virgil Abloh’s additional talents as an architect and artist are resurfacing in the designer’s latest collaboration with luxury car marque Mercedes-Benz.
Speculation is buzzing around M&S at present with hints that CEO Steve Rowe may step down within the next couple of years and even that the company could be a bid target.
Online wholesale marketplace Faire announced that it has secured $400 million in a Series G investment round, bringing the company’s total valuation up to $12.4 billion.
Karl Lagerfeld, design great, legendary illustrator, Paris’ greatest conversationalist and photographer, was also a brilliant photographer of architecture. And now he will brand a unique series of couture villas.
Very.co.uk and Littlewoods owner Very Group has released its Q1 results with group sales rising 3.9% to £484.1 million in the three months to October 2.
It's not yet back to pre-Covid levels of performance, but major central London landlord Great Portland Estates is once again reaping the benefits of a “clear recovery” in the capital, it said Friday.
It seems consumers took a breather in November, sidelining concerns over decade-high inflation and retail shortages as UK consumer confidence actually inched up, according to GfK on Friday.
