The chief executive of the company that owns the giant Meadowhall shopping mall, among other sites, has said that up to a fifth of shops could disappear from the UK retail landscape as consumer shopping habits evolve.
Increasingly ‘conscious’ consumers are the biggest threat to fast fashion, a new study shows. A survey of 2,000 UK shoppers has shown may are planning to spend less and cut back on the number of items they buy too.
H&M said on Saturday that data security breaches found at its German unit were unacceptable and it was cooperating with the local data protection supervisory authority in its investigation into the matter.
Fragrance and flavor maker Givaudan said it was confident of delivering like-for-like sales growth of between 4% and 5% this year, within its mid-term target range, implying a slowdown from 5.8% growth last year.
Shopping malls giant Intu is under heavy pressure as it works to improve its debt situation and another area in which it’s under pressure, footfall, is also a focus for the owner of some of the UK’s top shopping centres.
Asos said it delivered an “encouraging” start to its financial year when it issued a trading update on Thursday, with the four months to December 31 seeing both total group revenue and total group sales up 20%.