Investors are usually forgiving of tech firms when they spend years targeting the kind of profitability they’d like, but they weren’t forgiving Farfetch on Thursday as the firm’s shares fell 22% in late trading.
Add together the return of shoppers and workers to UK cities and a stronger-than-expected economic recovery from the pandemic and that amounts to a speedy return to profit for Landsec, the UK’s largest commercial property giant said Tuesday.
Just a week after M&S announced a strong set of financial results, the retail giant has unveiled a new brand link-up that suggests it’s moving even faster towards becoming a full physical and digital department store.
One of Oxford Street’s historic department stores is being redeveloped with the plans that have just been approved being another sign of how retail on what was once Europe’s busiest shopping street has changed forever.
Thailand's Central Group is interested in bidding for Selfridges, a report said Thursday. Interestingly, it also owns La Rinascente, the Italian retailer of which ex-Selfridges CEO Vittorio Radice is Vice-Chairman.
After suffering a number of years in the financial doldrums - resulting in its relegation from the London Stock Market’s lead FSTE 100 index last year - M&S is bouncing back after releasing strong results this week.
Combine tradition, nostalgia and excitement and you have all the ingredients for the new Westfield Christmas ‘Come Together’ campaign. The major malls owner/operator is “re-embracing traditional Christmas messaging".