WGSN and Cannes Lions owner Ascential delivered a strong trading update Wednesday, but also announced surprise news: its WGSN trends service is up for sale following a strategic review that it launched last spring.
Freemans Grattan Holdings has extended its media deal with iProspect UK after a decade working together in which they relaunched Freemans as a pureplay digital department store and saw growth outstripping the market.
There’s been an executive reshuffle at the THG Group. Damian Sanders has been appointed Chief Financial Officer with immediate effect. That comes as previous CFO John Gallemore now becomes Chief Operating Officer.
Covent Garden has introduced a big splash of colour to brighten up London’s dreary winter days. The major retail area and tourist attraction has introduced a ‘Covent Garden in Colour’ campaign via artist Lois Lillian.
Primark's trading update has revealed more upbeat news with the chain “good in all markets and ahead of expectation”. Total sales and like-for-likes rose in double digits and city centre footfall recovered.
The slight rally in consumer confidence in the final quarter of last year proved to be short-lived with the January Blues making an unwelcome return. And we’re in for a “bumpy ride” this year, according to GfK.
It may have been the key festive shopping month, but the volume of UK retail sales still fell in December, the Office for National Statistics said on Friday. And it added that clothing saw a very slight volume uptick.
Procter & Gamble Co raised its full-year sales forecast on Thursday and said it plans to continue raising prices despite a drop in sales volumes, warning that high commodity costs were pressuring profits.