Penneys, the Irish arm of the giant Primark retail chain, is to spend €14.8 million on moving and enhancing its Dublin flagship destination. The new Dundrum Town Centre store will give "an enhanced shopping experience”.
Unilever is cutting 1,500 jobs and reorganising its structure as it comes under pressure from investors over its sluggish performance. Beauty & Personal Care chief Sunny Jain is also leaving the firm.
THG shares continued to struggle this week with the business losing almost 20% of its market capitalisation on Monday as the share price headed downwards.
Harrods has confirmed that the Bristol branch of its H Beauty chain will open in the spring. The move follows its debut in Edinburgh last year, at which time it said Bristol would open within the next 12 months.
Fragrance maker Inter Parfums Inc. announced on Monday full-year net sales for 2021 catapulted 63% compared to 2020, on the back of double-digit net sales growth in the fourth quarter.
The opening of the new Elizabeth Line that’s a key part of the London transport network will happen in the next few months without the opening of the Bond Street Crossrail station, Transport for London has announced.
Morrisons has begun looking for a new chief executive on news that current incumbent David Potts plans to stand down. But the company has plenty of time with Potts not likely to leave for another two years.
Sustainability is not just a consideration but “a major factor when making a luxurious purchase with 51% seeing it as a sustainable and environmentally-friendly choice”, a Klarna study claims.
Footfall to retail destinations has been recovering since the original lockdown in 2020, but 2021 still saw a disastrous fall of 31.1% compared to 2019, tracking specialist Springboard said on Monday.
Armani Beauty announced on Friday the appointment of American actress Tessa Thompson as its newest brand face.
Mexican household products business Betterware has announced the acquisition of Jafra Cosmetics’ U.S, and Mexican operations from parent company, the Vorwerk Group.
On Thursday, the global cosmetics giant announced a partnership with Verily, the health division of Alphabet, parent company of Google, to develop research programmes on “skin health.”
A buyer is being sought for the prime retail location in Aberdeen city centre formerly occupied by John Lewis. Real estate advisor Savills has been appointed to fill the 200,000 sq ft, four-storey space.
The UK's ONS has issued its official December retail sales figures and they're fairly bleak. Clothing stores and department stores reported falls of 8% and 6.3%, and were also below levels in February 2020.
With outlet centres continuing to be one of the most buoyant retail destination types, it’s interesting that Sweden’s TORG International has forged an alliance with leading UK outlet developer Rioja Estates.
