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THG revenues soar, says both Beauty and Ingenuity are strong

THG revenues soar, says both Beauty and Ingenuity are strong

​Under-pressure THG issued a Q3 trading statement on Tuesday and said that revenue continues to soar. Group revenue rose 38% year-on-year to £507.8 million and 93.8% on a two-year, constancy-currency basis.
Fashion
JCPenney names Marc Rosen CEO, Shashoua is executive chairman

JCPenney names Marc Rosen CEO, Shashoua is executive chairman

US retail giant JCPenney has a new CEO and has named Marc Rosen to the post, effective November 1. And Stanley Shashoua, chief investment officer at the firm’s owner, Simon Property Group, becomes executive chairman.
Fashion
Xmas spending set to dip says new negative UK consumer confidence report

Xmas spending set to dip says new negative UK consumer confidence report

​It’s no surprise that another UK consumer confidence indicator (released Monday) was negative and the outlook for Christmas spending's weak as prices rise. But at least it wasn't as bleak as Friday's assessment by GfK.
Fashion
TK Maxx operator TJX UK swings to big loss on Covid impact

TK Maxx operator TJX UK swings to big loss on Covid impact

​TJX UK has reported plunging turnover and a loss for the year to January (its fiscal year 2021) in a results filing at Companies House
Fashion
Harvey Nichols kicks off 25th anniversary in Leeds celebrations

Harvey Nichols kicks off 25th anniversary in Leeds celebrations

​Harvey Nichols Leeds is fast-approaching its 25th birthday. And to mark the Yorkshire department store’s silver anniversary, it’s hosting of series of special events on and around the key 23 October date.
Luxury
Carnaby Christmas shopping party returns

Carnaby Christmas shopping party returns

London-centric property giant Shaftesbury is ramping up pre-Christmas festivities for its key Carnaby Street retail destination and its surrounding streets.
Fashion
Little cheer in October as UK consumer confidence falls for third month - GfK

Little cheer in October as UK consumer confidence falls for third month - GfK

​It was all looking so much better in July. UK consumer confidence has since taken a battering with the financial pulse of the nation dropping for third month in a row in October, according to GfK’s latest figures.
Fashion
Unilever warning suggests inflation looming for beauty products

Unilever warning suggests inflation looming for beauty products

​After releasing its Q3 results, the boss of consumer products giant Unilever has issued a warning that suggests beauty and personal care prices are set to rise.
Beauty
UK retail sales dipped last month, but fashion stays positive

UK retail sales dipped last month, but fashion stays positive

Retail sales failed to impress last month, official UK figures showed on Friday, but the under-pressure fashion sector came out of it relatively well compared to other product sectors.
Fashion
Chinese hunger for luxury fuels L'Oreal sales growth

Chinese hunger for luxury fuels L'Oreal sales growth

L'Oreal on Thursday posted better-than-expected revenue growth for the third-quarter, fuelled by continued strong demand for its luxury lines and sustained growth in China.
Beauty
London's bouncing back as retail vacancies shrink says Shaftesbury

London's bouncing back as retail vacancies shrink says Shaftesbury

​The retail revival of London’s West End is gathering pace, major landlord Shaftesbury said on Thursday. Business is bouncing back post-lockdowns with the Carnaby Street owner citing a further reduction in available-to-let vacancies.
Fashion
Online, social and cross-border shopping now normal for young consumers, says ESW

Online, social and cross-border shopping now normal for young consumers, says ESW

​We've seen more evidence of how younger consumers have changed their shopping habits since the onset of the pandemic with a report saying that many continue the online behaviour they developed during lockdown.
Fashion
Royal Quays shopping centre rebrands to reflect indies joining line-up

Royal Quays shopping centre rebrands to reflect indies joining line-up

Small independent brands are clearly important for the future of retail and nowhere more so than in North Tyneside. It’s been enough to warrant a rebrand at the Royal Quays Outlet Centre in North Shields.
Fashion
Unilever sales rise as pricing power kicks in

Unilever sales rise as pricing power kicks in

​Consumer goods mega-giant Unilever had good news Thursday as it beat Q3 growth predictions and kept to its full-year profit margin guidance due to its brand power enabling it to hike prices to cope with rising costs. 
Beauty
Hammerson to chase rent arrears as mall collections, footfall improve

Hammerson to chase rent arrears as mall collections, footfall improve

​Life’s going to get tougher for Hammerson retail tenants still in rent arrears. While the property giant said it has seen a “significant” improvement in collection rates, it now remains “focused on collecting arrears”.
Fashion
Unilever margins in spotlight as inflation surges

Unilever margins in spotlight as inflation surges

Unilever's battle with rising costs will take centre stage at its third-quarter results on Thursday, with investors focused on whether it will cut its profit margin forecast for the second time this year.
Beauty