UK retail sales saw a surprise rebound in October, official figures showed on Friday. The ONS said that retail sales volumes rose by 0.6% in October compared to the previous month. But year on year, they were down.
London-based property giant GPE joined its UK peers in seeing its earnings take a big hit during H1 as property values “come under pressure”. In the latest six months, GPE swung to a pre-tax loss of £86.7 million.
River Island’s CEO Will Kernan is to exit the mass-market fashion retailer next year to pursue personal projects. No replacement has been named so far and the company is now starting a search for a new CEO.
Joules filed a notice of intent to appoint administrators earlier this week, and now the administration filing has happened with the existing company’s long attempts to turn around its fortunes coming to an end.
00.thestore is making it a second outing with the sustainability-focused pop-up having just opened on London’s Conduit Street. It brings together a curation of 85 “of the most cutting-edge planet-conscious brands".
Klarna has launched a new “rich and unbiased” search-and-compare tool in the BNPL financier’s app. It claims to be able to compare prices across thousands of retailers “to help consumers find what they love for less”.
Fears that tough times might dent luxury appear to be unfounded, a new report from Bain and Altagamma shows. Their deep dive into luxury shows a buoyant sector helped by pricing strategies and Gen Z's luxury obsession.
Landsec on Tuesday said it swung to a first-half loss but was still “well-placed” in a challenging market, citing its “strong strategic and operational momentum”. It recorded a pre-tax loss of £192 million.
Online retailers are adjusting their Black Friday-linked sales strategies to offer earlier promotions as consumers spread their shopping across the month rather than focusing on a late November frenzy.