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German retail sales jump for second month in a row

German retail sales jump for second month in a row

German retail sales increased much more than expected in June following an easing of Covid-19 restrictions, supporting a consumer-driven recovery in Europe's largest economy.
Fashion
Square to buy Afterpay for $29bn as buy now, pay later booms

Square to buy Afterpay for $29bn as buy now, pay later booms

Square, the payments firm of Twitter co-founder Jack Dorsey, on Monday said it has agreed to purchase buy now, pay later (BNPL) pioneer Afterpay, offering a 30% premium in a giant share-swap deal
Fashion
Private equity firm CD&R prepares Morrisons counter-bid - report

Private equity firm CD&R prepares Morrisons counter-bid - report

Private equity firm Clayton, Dubilier & Rice (CD&R) is poised to start a bidding war for British supermarket chain Morrisons, the target of a £6.3 billion ($8.8 billion) offer from a group led by another U.S. firm.
Fashion
Retail decline: one in seven UK stores are vacant says new report

Retail decline: one in seven UK stores are vacant says new report

Just how tough UK retail’s pandemic mauling has been — especially for fashion — came into stark focus on July 30. More than one in seven stores are now vacant on UK high streets, retail parks and in shopping centres.
Fashion
Klarna launches support package for small businesses

Klarna launches support package for small businesses

Global payments and and shopping services provider Klarna has launched a £3 million Small Business Support Package to help British small- and medium-sized enterprises (SMEs) recover from the pandemic.
Fashion
Northern Ireland to pay people to shop in September

Northern Ireland to pay people to shop in September

The latest initiative to get shoppers spending sees adults in Northern Ireland being given shopping vouchers as part of a £145 million investment to attract people back to high streets.
Fashion
Pinterest beats quarterly revenue estimates as ad spending booms

Pinterest beats quarterly revenue estimates as ad spending booms

Pinterest Inc on Thursday reported second-quarter revenue above Wall Street estimates, as ad spending by online retailers picked up with the economy bouncing back from pandemic lows.
Beauty
L'Oreal boosted by sales of make-up and perfumes as lockdowns ease

L'Oreal boosted by sales of make-up and perfumes as lockdowns ease

Maybelline owner L'Oreal on Thursday said sales growth had accelerated in the second quarter partly due to resurging make-up sales in the United States as Covid-19 lockdowns ease.
Beauty
Consumers seek eco transparency from brands, less greenwashing

Consumers seek eco transparency from brands, less greenwashing

​Consumers want more transparency from brands around eco practices with nearly a third of them thinking not enough is being done, while almost a quarter think there’s too much ‘greenwashing’ simply to improve sales.
Fashion
Mailbox posts "strong" retail rent collections

Mailbox posts "strong" retail rent collections

Yet more positive news on UK retail rent collections. This time it comes from Midlands-based Mailbox REIT, which recorded a “strong” 92% collection rate for the 24 June-28 September period.
Fashion
Creightons acquires Emma Hardie skincare brand for £6.26 million

Creightons acquires Emma Hardie skincare brand for £6.26 million

​True to its word, Creightons has been on the acquisition trail. The personal care, beauty, and fragrance products maker has bought the Emma Hardie business, including its signature skincare brand, for £6.26 million.
Beauty
Westfield owner URW is cautiously optimistic as Europe bounces back

Westfield owner URW is cautiously optimistic as Europe bounces back

Unibail Rodamco Westfield has reported H1 results and continued to see “significant Covid-19-related disruption” in the first six months. But it also highlighted its ongoing “resilience in tough operating conditions”.
Fashion
UK clothing, footwear store growth still lags in July - CBI survey

UK clothing, footwear store growth still lags in July - CBI survey

​UK retail sales continued to grow at a rate well above the long-run average in the year to July, but clothing and footwear stores are yet to see demand recover to usual levels, the CBI’s latest survey has showed.
Fashion
​StockX makes first move into beauty with Revlon x Megan Thee Stallion collab

​StockX makes first move into beauty with Revlon x Megan Thee Stallion collab

The New York-based cosmetics brand and the Texas-born rapper are launching their limited-edition Hot Girl Sunset Collection via the online marketplace and resale platform’s DropX DTC product release model.
Beauty
Puig secures first sustainable loan of 200 million euros from Banco Sabadell

Puig secures first sustainable loan of 200 million euros from Banco Sabadell

The company's loan will be linked to its environmental performance, with a focus on two main indicators: direct emissions and indirect emissions generated by electricity purchased and consumed by the group. 
Fashion
John Lewis get new trading director from Accessorize

John Lewis get new trading director from Accessorize

​Department stores chain John Lewis reportedly has a new trading director who will join the retailer in mid-September. The company has appointed Accessorize’s MD Kathleen Mitchell to the role.
Fashion