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London-based Emperia gets £10m to boost metaverse e-tail

London-based Emperia gets £10m to boost metaverse e-tail

​London-based software start-up Emporia has raised over £10 million of expansion funding “to reimagine the e-commerce space”. It’s aiming to bring retail into the metaverse by providing the tech to build virtual stores.
Fashion
London's West End success give Shaftesbury a Christmas boost

London's West End success give Shaftesbury a Christmas boost

When central London retail performs, so too does commercial property giant Shaftesbury. After all, it does own a 6.4-acre, 600-building portfolio in the heart of London's West End.
Fashion
UK store vacancies shrink but are still high - report

UK store vacancies shrink but are still high - report

UK retail vacancy rates improved in the final quarter of 2022 to 13.8%. But before you get too excited, it was only better by 0.1% on Q3 and 0.6 percentage points better than the same period last year.
Fashion
VF Corporation launches new design collective in Tokyo

VF Corporation launches new design collective in Tokyo

US-based VF Corporation has launched the Tokyo Design Collective and new regional office in Tokyo’s Harajuku district, internationally recognised as a centre of Japanese youth culture and fashion.
Fashion
Visa, Mastercard pin hopes on China reopening as travel boom fades  

Visa, Mastercard pin hopes on China reopening as travel boom fades  

Mastercard Inc and Visa Inc will rely on China reopening to give travel spending a boost, Wall Street analysts said, as the pace of growth in other parts of the world eases from a post-pandemic boom.
Lifestyle
Discounts not enough? CBI cites early signs that January retail has been weak

Discounts not enough? CBI cites early signs that January retail has been weak

What did Friday’s CBI survey report show for January? Lower sales volumes as retail got off to a slow start despite the clearance sales. They're expected to decline again next month too, “but at a slightly slower pace”.
Fashion
Julie Harris becomes Hyve Group non-exec

Julie Harris becomes Hyve Group non-exec

​Global events company Hyve Group has appointment Julie Harris as a non-executive director, effective 2 February. She will take on the role of Environmental, Social and Governance (ESG) Committee Chair.
Fashion
Lark London store heading outside the capital to land in Woking

Lark London store heading outside the capital to land in Woking

Lark London is embarking on its first retail venture outside the UK’s capital (but not too far out). The independent lifestyle boutique brand is to open at the Victoria Place shopping centre in Woking, Surrey, in March.
Fashion
Maison & Objet show to launch wellness section in September

Maison & Objet show to launch wellness section in September

The September 2023 edition of Parisian trade show Maison & Objet, dedicated to the home decoration, design and art-of-living sectors, will feature a new section focusing on wellness.
Lifestyle
H&M's profit tumbles more than expected as costs bite

H&M's profit tumbles more than expected as costs bite

Sweden's H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and soaring costs that it did not fully pass on to price tags.
Fashion
Visa profit beats estimates on resilient consumer spending

Visa profit beats estimates on resilient consumer spending

Visa Inc's first-quarter profit beat Wall Street targets on Thursday as its payments volume held steady with Americans still spending on international travel despite an economic slowdown.
Fashion
Retail footfall improved in 2022, but pre-pandemic gap is "long-term trend"

Retail footfall improved in 2022, but pre-pandemic gap is "long-term trend"

​Following an increasingly tough 2022 for UK retail, footfall this year won’t return to pre-pandemic levels and the gap from 2019 and will settle at between -5% and -10%, according to retail experts Springboard.
Fashion
Two UK shopping centres are first to achieve net zero carbon status

Two UK shopping centres are first to achieve net zero carbon status

Sustainability hats off to two retail destinations. Quayside MediaCity in Salford and Gloucester Quays have become the first shopping centres to achieve ‘Net Zero Carbon – Operational Energy’.
Fashion
Liverpool One launches local indies pop-up

Liverpool One launches local indies pop-up

Liverpool One is building on its commitment to creating a difference for its visitors via independent brands and innovative concepts. So the mall has introduced a MerseyMade pop-up of local artisans’ and artists’ work. 
Fashion
Clare Vivier on her next store opening and strategy for her brand Clare V.

Clare Vivier on her next store opening and strategy for her brand Clare V.

Los Angeles-based designer Clare Vivier will open her fourteenth Clare V.'s boutique in Washington D.C. at the end of spring. FashionNetwork.com sat down with her to talk about strategies and projects with her brand. 
Luxury
WGSN owner to put trends business up for sale

WGSN owner to put trends business up for sale

​WGSN and Cannes Lions owner Ascential delivered a strong trading update Wednesday, but also announced surprise news: its WGSN trends service is up for sale following a strategic review that it launched last spring.
Fashion