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UK retail sales in surprise drop, but clothing volumes stay positive
It may have been the key festive shopping month, but the volume of UK retail sales still fell in December, the Office for National Statistics said on Friday. And it added that clothing saw a very slight volume uptick.
Fashion
For Chinese Lunar New Year tourists, retailers roll out rabbit dances, red lanterns
As Chinese shoppers trickle back to tourist hotspots for Lunar New Year holidays, malls from Macau to Bangkok aim to lure them into stores with red lantern displays, special dances to mark the Year of the Rabbit.
Fashion
Condé Nast UK to leave Vogue House after 65 years
British Vogue’s long and storied association with London’s West End is coming to an end. After six decades+ (since 1958), publishing giant Condé Nast is moving out of its historic Vogue House officers on Hanover Square.
Luxury
Omnichannel key for Aspinal of London December success
Bags were big for Christmas with luxury accessories brand Aspinal of London having outperformed over the important December trading period. It’s also looking forward to strong international growth this year.
Luxury
Boohoo sees another revenue fall, but stays upbeat
Boohoo’s closely-watched trading statement has revealed figures in line with weak expectations. Revenue may have been up sharply compared to pre-Covid, but it was down globally against a year ago for the festive season.
Fashion
Bed Bath & Beyond looks for buyers, lenders before potential bankruptcy: report
Bed Bath & Beyond Inc has been in talks with prospective buyers and lenders as the struggling retailer tries to keep its business afloat ahead of a likely bankruptcy filing, CNBC reported on Wednesday.
Beauty
Jeff Lotman unveils Fred Segal's plans for 2023
Almost four years after the acquisition of Fred Segal by entrepreneur Jeff Lotman, founder of Global Icons, FashionnNetwork.com talks to the executive about the major challenges of 2023 and the brand's expansion.
Fashion
London's Knightsbridge footfall almost back to 2019 levels
More good news for UK retail footfall in a key area of London, which outperformed most of the capital with better-than-expected numbers in the pre- and post-Christmas periods.
Fashion
More retail space lost as Hammerson reveals Grand Central plans
Key Birmingham shopping destination Grand Central is to lose 200,000 sq ft of retail space. Commercial property giant Hammerson has submitted plans to transform the former John Lewis anchor department store there.
Fashion
M&S CEO defends rebuild plan, says Marble Arch store is riddled with asbestos
As M&S’s long battle to knock down and rebuild its London Marble Arch store rumbles on, the retailer’s boss has made a fresh claim that its redevelopment plans are the right solution.
Fashion
UK inflation dip aided by lower fashion discounts, but figure remains high
UK inflation may have eased last month, but with a new consumer price inflation figure of 10.5% in December, rather than 10.7% in November, it was hardly time to break out the party poppers.
Fashion
Burberry's muted Q3 hit by China woes, but it "over-indexed" in soft accessories
Burberry’s Q3 update on Wednesday showed a slowdown in sales growth as — like luxury peer Richemont on the same day — it reported a big impact from Covid in China.
Fashion
Tourists boost Richemont's Q3, fashion is strong but Covid-hit China dents sales
Luxury giant Richemont reported Q3 sales up 8% on Wednesday, saying that despite ongoing Chinese weakness, tourists were returning to Europe and Japan.
Fashion
BNPL firm Zilch to start sharing data with credit rating agencies
UK buy-now-pay-later (BNPL) financier Zilch is to begin sharing data on customers' balances and repayments with credit rating agencies. The move is being seen as a possible restriction on borrowing.
Fashion
Lone Design Club links with Trinity Leeds for lifestyle pop-up
Lone Design Club has partnered with property giant Landsec to open a pop-up store within its Trinity Leeds shopping destination. The collab aims to “bridge the gap between sustainable living and wellness brands”.
Beauty
Morpeth's Sanderson Arcade sees best footfall in six years
It’s not just the biggest UK shopping centres that have enjoyed success in 2022. Sanderson Arcade in Morpeth, Northumberland, said it has recorded the highest footfall levels seen since before the pandemic.
Fashion