A buyer is being sought for the prime retail location in Aberdeen city centre formerly occupied by John Lewis. Real estate advisor Savills has been appointed to fill the 200,000 sq ft, four-storey space.
The UK's ONS has issued its official December retail sales figures and they're fairly bleak. Clothing stores and department stores reported falls of 8% and 6.3%, and were also below levels in February 2020.
With outlet centres continuing to be one of the most buoyant retail destination types, it’s interesting that Sweden’s TORG International has forged an alliance with leading UK outlet developer Rioja Estates.
German sportswear maker Puma reported stronger-than-expected preliminary quarterly sales and core profit on Thursday, as strong global demand helped offset the effects of the pandemic and supply chain constraints.
Sustainable intimates brand Stripe & Stare has secured £2.5 million in extra funding from BGF and a consortium of investors. The investment will be used “to drive UK and international sales”, S&S said.
A “strong peak performance” in Clothing & Footwear underpinned by rising demand its core strategic brands and a return to growth in active customer numbers were the key positives in a busy Q3 for N Brown.
Yoox has announced the launch of its Yoox Marketplace in Europe, giving its customers "instant access to a wider product assortment including over 700 brands and 150,000 new items" across multiple categories.
Superdry’s Christmas trading update and results for the first half showed “clear signs of brand and financial recovery” on Thursday, although the company isn’t yet where it would like to be, with sales still lagging.
A trading update from Primark's parent company on Thursday showed the fashion retail chain is bouncing back from the pandemic, with the US business a standout performer. But city centre stores globally still struggle.
Unilever PLC on Wednesday effectively abandoned its plans to buy GlaxoSmithKline's consumer healthcare business, saying on Wednesday that it would not raise a 50 billion pound offer that GSK previously rejected.
There was mixed news from In The Style on Wednesday. Although the womens fashion e-tailer said it had performed strongly in the ‘golden quarter’, it also revealed its CFO/COO Paul Masters is leaving due to ill health.