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Tourism: Beijing on track to become world's most powerful city destination by 2032

Tourism: Beijing on track to become world's most powerful city destination by 2032

While China has now reopened its borders after more than two years of Covid restrictions, the country is forecast to become a major tourist destination in a report from the World Travel and Tourism Council.
Fashion
Primark performance justifies stores-only stance as city footfall bounces back

Primark performance justifies stores-only stance as city footfall bounces back

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.
Fashion
Gucci to open boutique dedicated to bags, accessories in Los Angeles

Gucci to open boutique dedicated to bags, accessories in Los Angeles

After opening its first store dedicated to luggage and travel accessories in Paris on December 22, Gucci is set to open a store dedicated to bags and accessories in Los Angeles, on Melrose Place.
Luxury
Sainsbury's-owned Argos to shut all Irish stores

Sainsbury's-owned Argos to shut all Irish stores

UK supermarket giant Sainsbury’s is to shutter all of its Argos general merchandise stores in the Republic of Ireland. Some 34 sites across the country will close by June with the loss of 580 jobs.
Lifestyle
UK consumer confidence dips again in January, outlook weak

UK consumer confidence dips again in January, outlook weak

​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.
Fashion
UK retail sales in surprise drop, but clothing volumes stay positive

UK retail sales in surprise drop, but clothing volumes stay positive

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.
Fashion
For Chinese Lunar New Year tourists, retailers roll out rabbit dances, red lanterns

For Chinese Lunar New Year tourists, retailers roll out rabbit dances, red lanterns

As Chinese shoppers trickle back to tourist hotspots for Lunar New Year holidays, malls from Macau to Bangkok aim to lure them into stores with red lantern displays, special dances to mark the Year of the Rabbit.
Fashion
Condé Nast UK to leave Vogue House after 65 years

Condé Nast UK to leave Vogue House after 65 years

British Vogue’s long and storied association with London’s West End is coming to an end. After six decades+ (since 1958), publishing giant Condé Nast is moving out of its historic Vogue House officers on Hanover Square.
Luxury
Omnichannel key for Aspinal of London December success

Omnichannel key for Aspinal of London December success

Bags were big for Christmas with luxury accessories brand Aspinal of London having outperformed over the important December trading period. It’s also looking forward to strong international growth this year.
Luxury
Boohoo sees another revenue fall, but stays upbeat

Boohoo sees another revenue fall, but stays upbeat

​Boohoo’s closely-watched trading statement has revealed figures in line with weak expectations. Revenue may have been up sharply compared to pre-Covid, but it was down globally against a year ago for the festive season.
Fashion
Bed Bath & Beyond looks for buyers, lenders before potential bankruptcy: report

Bed Bath & Beyond looks for buyers, lenders before potential bankruptcy: report

Bed Bath & Beyond Inc has been in talks with prospective buyers and lenders as the struggling retailer tries to keep its business afloat ahead of a likely bankruptcy filing, CNBC reported on Wednesday.   
Beauty
Jeff Lotman unveils Fred Segal's plans for 2023

Jeff Lotman unveils Fred Segal's plans for 2023

Almost four years after the acquisition of Fred Segal by entrepreneur Jeff Lotman, founder of Global Icons, FashionnNetwork.com talks to the executive about the major challenges of 2023 and the brand's  expansion.  
Fashion
London's Knightsbridge footfall almost back to 2019 levels

London's Knightsbridge footfall almost back to 2019 levels

​More good news for UK retail footfall in a key area of London, which outperformed most of the capital with better-than-expected numbers in the pre- and post-Christmas periods.
Fashion
More retail space lost as Hammerson reveals Grand Central plans

More retail space lost as Hammerson reveals Grand Central plans

Key Birmingham shopping destination Grand Central is to lose 200,000 sq ft of retail space. Commercial property giant Hammerson has submitted plans to transform the former John Lewis anchor department store there.
Fashion
M&S CEO defends rebuild plan, says Marble Arch store is riddled with asbestos

M&S CEO defends rebuild plan, says Marble Arch store is riddled with asbestos

As M&S’s long battle to knock down and rebuild its London Marble Arch store rumbles on, the retailer’s boss has made a fresh claim that its redevelopment plans are the right solution.
Fashion
UK inflation dip aided by lower fashion discounts, but figure remains high

UK inflation dip aided by lower fashion discounts, but figure remains high

​UK inflation may have eased last month, but with a new consumer price inflation figure of 10.5% in December, rather than 10.7% in November, it was hardly time to break out the party poppers. 
Fashion