John Lewis has big plans to increase its fashion sales and is to add 100 new third-party fashion brands to its line-up over the next year as labels supply their products directly on johnlewis.com for the first time.
It’s a subject close to the heart of many physical retailers: the scrapping of the business rates system. Latest to join the call for change is John Lewis chair Sharon White, who wants it replaced it with a new land tax.
The Touchwood shopping centre in Solihull has a new owner. US-based real estate investment and asset management firm Ardent Companies has bought the Midlands mall from Lendlease Retail Partnership for an undisclosed sum.
Pradera Lateral is the surprise choice to manage the Trafford Centre. Its appointment follows a “competitive” tender process, with little-known Pradera beating industry giant Westfield to oversee the Manchester mall.