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UK consumer confidence 'improves' but stays near historic lows

UK consumer confidence 'improves' but stays near historic lows

UK consumer confidence has risen again although it remains fragile as there are few signs of economic stability. And while intentions to purchase are improving, consumers are still generally very cautious.
Fashion
Fashion sales dropped 20%+ last month, despite online surge - BDO

Fashion sales dropped 20%+ last month, despite online surge - BDO

More figures are emerging to show that UK retail sales have started to recover but remain well down on where they should be at this time. And fashion is still under heavy pressure.
Fashion
No apology required - Sainsbury's chairman defends former CEO's record

No apology required - Sainsbury's chairman defends former CEO's record

The chairman of Sainsbury's on Thursday defended the six-year tenure of former chief executive Mike Coupe after an investor asked if he would say sorry for its share price performance under his leadership.
Lifestyle
M&S to relaunch Sparks as part of digital first approach

M&S to relaunch Sparks as part of digital first approach

Many retailers are taking the opportunity afforded them by the end of lockdowns to refresh aspects of their business and the latest to do so is Marks & Spencer, which is relaunching its loyalty programme, Sparks.
Fashion
Covid-19-linked shift to online is long-lasting says new report

Covid-19-linked shift to online is long-lasting says new report

The debate is raging about how permanent consumers’ move to online shopping will be post-Covid-19. But a new report suggests it could have shifted the balance between retail and e-tail more durably than some believe. 
Fashion
Primark upbeat as trading recovers in recent weeks

Primark upbeat as trading recovers in recent weeks

Primark had some good news on Thursday, saying that since its last trading update a month ago, its stores have reopened more quickly than expected, particularly in Ireland, and trading is on an upswing.
Fashion
John Lewis to close some department stores as Oxford Street prepares to reopen

John Lewis to close some department stores as Oxford Street prepares to reopen

On what should have been a ‘normal’ day in the UK retail sector, John Lewis became latest company to announce negative news with the prospect of store closures and job cuts ahead.
Fashion
British Land struggles to collect rents, but tenants' comp sales are rebounding

British Land struggles to collect rents, but tenants' comp sales are rebounding

As of June 26, while British Land had been able to collect 88% of the rent owed for its office properties, in retail, only 36% of the rent due for the June quarter had come in.
Fashion
Hammerson reopens in England, Ireland, France, but rent issues remain

Hammerson reopens in England, Ireland, France, but rent issues remain

Major British retail landlord Hammerson issued an update on Wednesday that showed reopenings in England, Ireland and France are well under way, but it has been struggling to collect rents from some retail tenants.
Fashion
UK retail footfall continues to improve, but is still low

UK retail footfall continues to improve, but is still low

UK retail footfall rose in the second week of English and Northern Irish stores reopening, the BRC-ShopperTrak Footfall Monitor has shown.
Fashion
Hong Kong May retail sales tumble as spending, tourism evaporate

Hong Kong May retail sales tumble as spending, tourism evaporate

Hong Kong’s retail sales in May slumped 32.8% from a year earlier, falling for the 16th consecutive month as the virus pandemic slammed the brakes on tourism and spending in the city.
Fashion
Competition watchdog chair 'forced out', could it mean fewer merger blocks?

Competition watchdog chair 'forced out', could it mean fewer merger blocks?

The news this month that Lord Andrew Tyrie, the chair of the Competition and Markets Authority (CMA), would exit his role was driven by a major clash with the CMA’s top executive Andrea Coscelli, a report has claimed.
Fashion
LVMH reduces 2019 dividend by 20%, as sales plummet 15% in first quarter 2020

LVMH reduces 2019 dividend by 20%, as sales plummet 15% in first quarter 2020

"Expect a slow recovery from the pandemic in 2020", warned Bernard Arnault, chairman and CEO of LVMH, whose giant group on Tuesday morning announced a 20% reduction dividend in 2019.
Fashion
UK e-tail continues to soar as physical shops reopen

UK e-tail continues to soar as physical shops reopen

While online retail boomed during lockdown, it's interesting that e-sales are still soaring even though non-essential shops have reopened in much of the UK. But it seems some e-fashion activity has moved back to shops.
Fashion
Oliver Bonas gets funding to see it through crisis period

Oliver Bonas gets funding to see it through crisis period

Oliver Bonas has secured a vital loan to see it through the current crisis period with the fashion and lifestyle retailer having secured £3.5m of additional funding guaranteed by the government’s coronavirus scheme.
Fashion
Key lender urges fast sales of Intu's Trafford Centre

Key lender urges fast sales of Intu's Trafford Centre

News of Intu’s administration filing has been quickly followed by speculation over whether the firm will be broken up with one report saying a creditor is urging a fast sale of the Trafford Centre, Intu’s top asset.
Fashion