The latest news
Backlash starts over John Lewis potentially changing staff ownership structure
John Lewis Partnership (JLP) has moved fast with reassurances that any outside investor s brought in won’t mean the end of the firm’s employee ownership model as criticism of what’s not even a definite plan has begun.
Bed Bath & Beyond announces reverse stock split plan, shares drop
Bed Bath & Beyond said on Friday it was seeking shareholder approval for a reverse stock split, sending the struggling retailer's shares 13% lower in extended trading.
Analysis: as John Lewis mulls ownership tweak, why is it lagging rival M&S?
Not so many years ago, John Lewis was unstoppable while M&S was in an endless turnaround phase. Today, the situation has reversed and John Lewis is even reportedly thinking of changing its prized ownership structure.
Recovering city centre retail footfall hit by transport strikes
Over half a million UK-wide workers striking on Wednesday was always going to be a massive challenge for retail. And latest figures showed related footfall dipped greatly, according to insight from MRI Springboard.
John Lewis losses grow, launches bigger costs-savings drive
When a results release starts with a message to the staff talking about “another very tough year”, you know it’s not going to be good and so it was with John Lewis Partnership on Thursday.
Luxury Stores at Amazon spring campaign focuses on sunshine-ready looks
Luxury Stores at Amazon — the web giant’s high-end branded offer — has just unveiled its spring campaign with a focus on the assortment of designer labels it now offers.
Liverpool One outperforms in 2023
Liverpool One has begun 2023 where it left 2022… on a high. The city centre mall has bucked national trends since the start of the year, with a 16.5% uplift in sales compared to the same period in 2022.
UK Budget underwhelms, no new support for retail
The Spring Budget on Wednesday was never likely to deliver anything big for retail and it lived down to expectations. The industry welcomed some positive general developments but lamented the lack of flagship measures.
Hair salons among businesses most likely to close, but beauty salons are opening - report
UK hairdressing salons were high up the list of small independent business closures last year, hit the hardest by rising energy bills and falling consumer spending, according to a report by the Local Data Company.
John Lewis names non-exec Nish Kankiwala to new CEO role
It’s a big news week for John Lewis with its results due Thursday and a new concept store layout unveiled Tuesday. And Wednesday? Just the small matter of a new CEO.
H&M Group sales rise 12% in latest quarter
H&M Group delivered its provisional Q1 sales report on Wednesday and said sales in the three months to February rose a healthy 12% to SEK54.9 billion (€4.3bn/£4.9bn/$5.2bn).
Another strong year for Inditex as sales and profits beat inflation
Inditex’s full-year results on Wednesday saw the Spanish retail giant once again showing why it’s such a dominant force in fashion as sales and profits both soared.
Delayed delivery likely to mean negative review - report
How important is getting customer delivery information spot on? Very, according to a new survey. Some 64% of customers will leave a negative review when their delivery is delayed or when a response isn't satisfactory.
Body Shop and Aesop owner Natura highlights sales progress, despite overall falls
The Brazilian beauty giant that owns The Body Shop, Aesop and Avon, talked of “a resilient performance” in Q4 with sales growth in constant currency. But sales still fell on a reported basis and it made a net loss.
Bad weather dents UK retail footfall in latest week
Severe weather conditions were to blame for declining retail footfall across UK retail destinations last week.Shopper numbers fell 7% week-on-week across the seven days spanning 5-11 March,
UK retail pleads for new Budget measures, keeps fingers crossed
The UK’s spring Budget will be delivered by the Chancellor of the Exchequer on Wednesday and retail insiders know what they want to see from it — a relaxation of Sunday trading rules and reform of business rates.