When a company’s results statement opens with an upbeat message, what generally follows is news of a business on the rise. And London-centric property giant Shaftesbury is no exception, judging by its year-end results.
Black Friday’s better-than-expected sales boost may have grabbed the headlines in recent days, but overall, the retail outlook has “darkened in November”. That's according to the new CBI distributive trades survey.
UK warehouses are full of unsold stock, according to reports, with M&S one of the main sufferers from the problem that’s caused by a mix of cautious shoppers, milder-than-expected weather and faster supply chains.
Well, that was a surprise. After dire warnings about how weak Black Friday might be given consumer nervousness over spending and the World Cup distracting their attention, it actually turned out to be quite an event.
We may be more used to Primark opening new stores in growth markets, such as the US and parts of Europe, rather than the British market, but on Friday it made clear it hasn't run out of steam on its ambitions for the UK.
The latest fashionable restaurant to reinvent itself as a fashionable fashion destination is Caviar Kaspia, which has just launched a signature cashmere knitwear collection, and debuted couture-worthy alpine skis.
London’s Oxford Street is having a tough time since the pandemic ended. The UK capital’s major retail thoroughfare saw footfall dip by 37% month-on-month in October, hit harder than the overall decline across the UK.
Black Friday could be bleak for UK retailers. How so? Some 48% of Britons says they are shopping online from international retailers for the event, finding better deals from in China and the US, new data shows.
New Bond Street in the heart of London's West End has lost its crown as the most expensive shopping street in Europe as far as rents are concerned. That title goes to Milan’s Via Monte Napoleone, new figures show.