The West End’s recovery is under way and turnover should reach its pre-pandemic level of £10 billion by 2024. It should also beat pre-Covid levels by as much as 14% — or a further £1.4 billion — by 2025. .
There’s change under way at M&S’s fashion ops as sourcing directors the Lindsey brothers step down. C&H MD Richard Price told staff Mark and Neal Lindsey are taking “well-deserved retirement at the end of March”.
Next is to open a department store in all but name as it transforms its existing sites in the Atria centre in Watford and also adds a Victoria’s Secret, the lingerie brand for which it holds the UK licence.
Major British brands including Burberry, Marks & Spencer and John Lewis have signed up to support the Queen’s upcoming Platinum Jubilee as official partners of the Pageant on 5 June in celebration of her 70-year reign.
Two key executives who helped to shape UK retail died in the last few days. Paul Myners was the former chairman of M&S and Landsec and John Sainsbury was the driving force behind the supermarket chain for 23 years.
Womenswear e-tailer Sosandar has turned in yet another record-breaking set of figures with the company saying on Thursday that Q3 — the three months to the end of December — saw revenue up 122% year-on-year.