Despite awful retail footfall figures for January, lockdown fatigue and pent-up desire to go non-essential shopping is simmering. So expect a bounce-back when the world of retail fully reopens, says Springboard.
Peter Ruis, the UK fashion executive who used to run Jigsaw and was Executive Buying & Brand Director at John Lewis, is moving to Canada to run Indigo, the country’s largest books and lifestyle retailer.
Stockmann has updated its guidance and written down the value of its Lindex chain following an ‘impairment test’ for the business, even though Lindex’s performance has been fairly strong in recent periods.
Large-scale store openings may be on hold due to Covid, but with China already recovering, it’s being prioritised. H&M Group said on Friday that Nordic lifestyle brand Arket will open a flagship in Beijing this autumn.
An ad campaign by a buy-now-pay-later operator that supports and promotes improved regulation in its sector. That’s the unusual tack fintech platform Klarna UK has taken to highlight the need to better protect consumers.
Already a blight on Britain’s retail landscape, the number of empty stores and other commercial properties increased at the fastest pace in decades late last year as the Covid-19 pandemic continued to take its toll.
Sales and profits fell at joules in the half to the end of November, but its pre-tax profit was still higher than it had expected. And it had plenty of good news to share in its results announcement on Thursday.
Priced from $3 to $150 with most items under $25, the collection includes home items like tableware, quilts and pillows, pet apparel and accessories, as well as apparel like Levi's trucker jackets and sleepwear.
Otto Group, the German retail giant that owns the UK’s Freemans and Grattan operations, said on Wednesday that initial forecasts indicate it will close the 2020/21 financial year with online revenues of about €10bn.