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Sales and profit boom at Hermès in H1, China bounces back at end of period

Sales and profit boom at Hermès in H1, China bounces back at end of period

​Hermès saw a sales boom in Q2 as — like its luxury peers — it enjoyed strong growth in Europe and the US with China also recovering during June towards the end of the quarter.
Luxury
Campaigners step up efforts to prevent M&S Marble Arch demolition

Campaigners step up efforts to prevent M&S Marble Arch demolition

​M&S can expect yet more opposition to its long-running bid to demolish and rebuild its flagship Marble Arch, London, store. Heritage campaigners have begun crowdfunding to oppose the plans in an upcoming public enquiry.
Fashion
Hammerson returns to profit with footfall almost back to pre-pandemic levels

Hammerson returns to profit with footfall almost back to pre-pandemic levels

Hammerson listed three key positives in its half-year trading update on Thursday. The commercial property giant returned to pre-tax profit as footfall recovered to near pre-pandemic levels and costs fell.
Fashion
Landsec chair set to "retire", Bluewater operator seeking replacement

Landsec chair set to "retire", Bluewater operator seeking replacement

​Landsec is on the lookout for a new chair. The vacancy arises because Cressida Hogg is set to "retire" next year from her positions of both chair and director of the property giant. She was appointed chair in 2018.
Fashion
URW stronger in first half as Westfield owner says Q2 tenant sales beat pre-Covid levels

URW stronger in first half as Westfield owner says Q2 tenant sales beat pre-Covid levels

​France-based malls giant Unibail-Rodamco-Westfield (URW) has reported “continued recovery across all business divisions” and on Thursday said that Q2 tenant sales are exceeding pre-Covid levels.
Fashion
UK July retail sales volumes slip again but August’s a concern - CBI

UK July retail sales volumes slip again but August’s a concern - CBI

UK retail sales volumes continued to fall month-on-month, albeit slightly, in the year to July, according to the latest CBI Distributive Trades Survey. Online sales volumes also painted a similar picture.
Fashion
Trends service Stylus unveils new platform and brand refresh

Trends service Stylus unveils new platform and brand refresh

Stylus has released a new platform and refreshed its branding “to signal a new phase of growth under CEO Victoria Rennie”. It worked with Re Design on its brand strategy, and Matter Of Form on the new platform.
Fashion
UK shoppers focus on ethical shopping, despite cost-of-living crisis

UK shoppers focus on ethical shopping, despite cost-of-living crisis

Concerns that eco purchases will suffer in the cost-of-living crisis could be overplayed, research suggests. Shopping with a conscience is “so important” to 65% of consumers who think about sustainability before buying.
Fashion
Uk household spending power drops by £44 a week - report

Uk household spending power drops by £44 a week - report

With UK inflation rising and costs spiralling, consumer spending power continues to decline. Household disposable income fell by a record £44 a week in June, the eighth consecutive month of decline, a report shows.
Fashion
Too late for some: thousands of businesses fail awaiting business rates rebates

Too late for some: thousands of businesses fail awaiting business rates rebates

​Retailers are among thousands of UK businesses that have been forced to close down while awaiting rebates for property taxes, according to new data.
Fashion
Matalan founder is back as company chair

Matalan founder is back as company chair

​Back to the future. Matalan founder John Hargreaves has returned to the business he founded in 1985 as executive chair. He rejoins the retailer after a 15-year gap to replace outgoing chair Steve Johnson.
Fashion
Very Group names new marketing chief

Very Group names new marketing chief

​The Very Group has appointed a new Chief Marketing Officer (CMO) with Jessica Myers set to join the very.co.uk and Littlewoods owner on 3 October.
Fashion
As fashion prices rise, UK inflation could reach 15% by year-end

As fashion prices rise, UK inflation could reach 15% by year-end

​As clothing prices continue to increase in the UK (while still lagging the overall rate of inflation), a new report says that the total inflation rate could reach 15% this winter.
Fashion
Europe's high-spending tourists set to lift French luxury sales in Q2

Europe's high-spending tourists set to lift French luxury sales in Q2

Free-spending tourists in Europe are expected to drive brisk second quarter sales at French luxury groups LVMH, Gucci-owner Kering and Hermes, helping to offset the impact of disruptions in China from Covid restrictions.
Luxury
UK consumer confidence remains “severely depressed” in July says GfK

UK consumer confidence remains “severely depressed” in July says GfK

Can UK consumer confidence get any worse? Not at the moment, it seems, as the long-running GfK Index took a breather this month, remaining flat with at a reading of -41. But for “flat” read still “severely depressed”.
Fashion
Frasers plans more stores, some consolidation, after record trading year

Frasers plans more stores, some consolidation, after record trading year

With Frasers Group riding high on “robust trading” after a “record-breaking year” don’t expect the business to rest on its laurels.The Flannels and Sports Direct owner wants to buy more businesses and open more stores.
Fashion