The beauty retailer provided a strategic update to investors on Tuesday, revealing plans to invest in new delivery improvements and digital capabilities, but ultimately disappointing with a lower-than-expected outlook.
British tennis star Emma Raducanu has deepened her links to luxury giant LVMH and has been signed up as Dior’s newest celebrity ambassador, underlining the A-list status she achieved when she won the US open.
UK supermarkets giant Asda has this month opened the largest refill store in the country in York. The superstore stocks 100 branded and own-brand products sold in loose and unpackaged format in a huge 18-bay refill zone.
Matalan revenues rose fast in Q2 but could have risen faster if not for supply chain issues. The company is staying cautious as logistics problems frustrate efforts to get the product customers want into its stores.
The UK government is drawing up plans to introduce an online sales tax, but don’t expect its inclusion in the chancellor’s end-of-the-month budget. The news will come as a further disappointment for physical retailers.
Could London's two top luxury department stores end up with the same owner? That's the question being asked on Monday as it has emerged that the owner of Harrods is possibly front-runner to buy up-for-sale Selfridges.
Hard-pressed fashion retailers awaiting government plans for a major shake-up in business rates will have to wait. A call from 40 trade associations for the overhaul to be included in upcoming Budget have been dashed.
London Designer Outlet (LDO) is firing on all cylinders. The north London shopping centre has been given another major boost with news Calvin Klein is set to open a permanent store following the success of its pop-up.
Positive news from retail landlord Landsec continues on the rent collection front. The commercial property giant said Friday that, as of 12 October, 85% of the £89 million net rent due on 29 September had been paid.