Life’s going to get tougher for Hammerson retail tenants still in rent arrears. While the property giant said it has seen a “significant” improvement in collection rates, it now remains “focused on collecting arrears”.
E-tail giant Alibaba is seeking to dethrone Chinese rival Shein from its powerful position in fast-fashion online retail with the launch of its own value-focused, trend-responsive fashion platform AllyLikes.
The American clothing label, which was acquired by Authentic Brands Group from PVH earlier this year, has extended its licensing agreement with Centric Brands to cover new product categories and distribution channels.
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.
Hundreds of companies ranging from Amazon to Google have been warned against resorting to bogus customer reviews, US regulators said, signalling a crackdown on misleading endorsements that have proliferated online.
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.
It’s been another tough year for Leeds Group and Covid-19 continues to be the culprit. While many British businesses are slowly recovering, UK-based-but-Germany-focused fabrics specialist is still some way off normality.
The comeback of Laura Ashley in the fashion sector has begun as Batsheva Hay’s eponymous Batsheva label has linked up with the UK brand in a way makes the most of its heritage and targets the upscale shopper.
Another Manchester-based online fashion retailer is aiming to make a big impact via a TV sponsorship deal, with Ego having signed to sponsor the Channel 4 dating series The Love Trap that’s set to launch this week.