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THG founder relinquishes 'golden share', aims to halt share price fall

THG founder relinquishes 'golden share', aims to halt share price fall

​As it reels from a plummeting share price, THG (which used to be known as The Hut Group) said on Monday that its founder is cancelling his Special Share rights.
Fashion
Swedish payments firm Klarna introduces 'pay now' option in UK

Swedish payments firm Klarna introduces 'pay now' option in UK

Swedish payments firm Klarna said on Monday it has introduced a number of changes to its product in the United Kingdom including the option for its users to "pay now" and in full.
Fashion
Blow to retail as business rates reform is delayed

Blow to retail as business rates reform is delayed

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.
Fashion
Calvin Klein signs permanently at London Designer Outlet

Calvin Klein signs permanently at London Designer Outlet

​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. 
Fashion
Landsec rent collections continue to improve but retail lags offices

Landsec rent collections continue to improve but retail lags offices

​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.
Fashion
UK e-tail warehouse space in short supply, prices rise

UK e-tail warehouse space in short supply, prices rise

​Problems with the UK supply chain continue to mount. This time it’s a shortage of warehousing space as the boom in online shopping forces retailers to open bigger distribution centres.
Fashion
Bargain-focused Britons unsure if the high street is worth saving

Bargain-focused Britons unsure if the high street is worth saving

​Here’s some news the UK high street might not want to hear. Some 21% of Britons think physical retail isn’t worth saving, preferring to do most or all of their shopping online, a new study from Savoo claims.
Fashion
Ikea reports record full-year retail sales of 41.9 billion euros

Ikea reports record full-year retail sales of 41.9 billion euros

Ikea, the world's biggest furniture brand, reported record high annual retail sales on Thursday despite global supply chain disruptions as housebound consumers spent more on their homes.
Lifestyle
UK e-shoppers browsing but not buying, yet fashion is buoyant - report

UK e-shoppers browsing but not buying, yet fashion is buoyant - report

​UK shoppers are browsing online but not buying, the latest IMRG Capgemini Online Retail Index showed on Thursday. But at least they still seem to be focused on fashion with the category staying strong
Fashion
Gen X drive biggest shift in sustainable shopping - report

Gen X drive biggest shift in sustainable shopping - report

As over a third of Britons change their buying behaviour, it’s not Gen Z who are driving the biggest shift in shopping sustainably, but older shopping groups.
Fashion
Christmas stock worries mount as port turns away ships

Christmas stock worries mount as port turns away ships

The UK government is attempting to allay fears of Christmas product shortages after container ships were being turned away at a key UK port due to over-capacity.
Fashion
Grosvenor fast-tracks climate strategy

Grosvenor fast-tracks climate strategy

Grosvenor Britain & Ireland (GBI) wants to become the UK’s first carbon-neutral property company. The commercial property giant is fast-tracking its climate strategy to be completed five years earlier than planned.
Fashion
ALB buys Nottingham properties, aims for Carnaby Street-style development

ALB buys Nottingham properties, aims for Carnaby Street-style development

​A property firm is aiming to create “the Carnaby Street of Nottingham” after buying empty retail units in what was once a thriving part of the city centre.
Fashion
Expect stronger Black Friday footfall than final Christmas week, predicts Springboard

Expect stronger Black Friday footfall than final Christmas week, predicts Springboard

With supply chain issues to the fore, if you want to know what the footfall forecasts are for UK retail in the critical six-week period covering Black Friday, Christmas, and post-Christmas periods, read on.
Fashion
Omnichannel: retailers and shoppers have different expectations says Klarna

Omnichannel: retailers and shoppers have different expectations says Klarna

​Be warned. A hefty 60% of shoppers say that a poor experience on any retail channel will make them less likely to shop again with a brand, according to research from buy-now-pay-later financier Klarna.
Fashion
Swimwear was big, TV key fashion influencer in last year - John Lewis report

Swimwear was big, TV key fashion influencer in last year - John Lewis report

​The latest edition of John Lewis’s annual lifestyle report, Shop, Live, Look 2021, shows UK consumers adapting to lockdowns and more hours spent watching TV influenced fashion choices.
Fashion