Next is one of the most successful UK fashion retailers, so when it downgrades profit guidance that it only upgraded last month, you know the sector as a whole is facing tough times. And that’s what it did Thursday.
As Labour surges in the UK polls, it’s clearly scenting opportunity in areas the Conservatives haven’t fully addresses and has pledged to abolish business rates and introduce initiatives to ‘save the high street’.
The countdown has begun to the opening of London's repurposed Battersea Power Station.The official launch of the new retail, leisure and residential area will begin with a five-day ‘Festival of Power’ in October.
A key section of London’s South Molton Street is to be the subject of a major multi-million-pound upgrade. The South Molton Triangle remodel will be a venture between property giants Grosvenor and Mitsui Fudosan UK.
Prisma Media, France’s leading magazine publishing group, will launch the French edition of U.S women's fashion magazine Harper's Bazaar next March, as the group announced in a press release on Tuesday.
When Nigel Oddy joins up-for-sale Matalan on 3 October, the interim CEO will be expected to oversee an in-place growth strategy that’s already delivering results, with record revenues for fiscal 2023’s first half.
The UK retail euphoria around news that VAT-free shopping for tourists is returning and will include EU visitors has been tempered by suggestions it won’t happen until 2024. But retail is pushing for an earlier date.
The Christmas season should usually be the busiest period of the year for physical retailers — especially now, after several years affected by Covid. But this year might not be the bonanza stores hope for.