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Labour pledge to abolish business rates questioned by property specialist

Labour pledge to abolish business rates questioned by property specialist

As Labour surges in the UK polls, it’s clearly scenting opportunity in areas the Conservatives haven’t fully addresses and has pledged to abolish business rates and introduce initiatives to ‘save the high street’.
Fashion
Battersea Power Station to host festival for October opening celebration

Battersea Power Station to host festival for October opening celebration

​The countdown has begun to the opening of London's repurposed Battersea Power Station.The official launch of the new retail, leisure and residential area will begin with a five-day ‘Festival of Power’ in October.
Fashion
Grosvenor/Mitsui Fudosan in JV to redevelop London's South Molton Triangle

Grosvenor/Mitsui Fudosan in JV to redevelop London's South Molton Triangle

A key section of London’s South Molton Street is to be the subject of a major multi-million-pound upgrade. The South Molton Triangle remodel will be a venture between property giants Grosvenor and Mitsui Fudosan UK.
Fashion
John Lewis launches festive drive to help shoppers spread their Xmas spend

John Lewis launches festive drive to help shoppers spread their Xmas spend

​John Lewis is the latest retailer to launch initiatives to help customers afford their festive shopping this season with a wider returns window, click & collect tweaks and special promotions.
Fashion
Many consumers to spend less this festive season says Gartner study

Many consumers to spend less this festive season says Gartner study

It may not be a merry Christmas for many in global retail as the holiday shopping season looms with a new study showing consumers are planning to spend less than last year due to inflation.
Fashion
Matalan sales strong in H1 but earnings suffer on costs

Matalan sales strong in H1 but earnings suffer on costs

When Nigel Oddy joins up-for-sale Matalan on 3 October, the interim CEO will be expected to oversee an in-place growth strategy that’s already delivering results, with record revenues for fiscal 2023’s first half.
Fashion
River Island is back in profit as it grows at home and in N. America

River Island is back in profit as it grows at home and in N. America

​British fashion retailer River Island had good news this week with the company seeing turnover up 23.2% last year at £740 million. 
Fashion
Wembley Park and London Designer Outlet see summer trading boom

Wembley Park and London Designer Outlet see summer trading boom

​Summer was a good time for London Designer Outlet and for businesses in the Wembley Park neighbourhood as the return of live concerts drove massive footfall to the area.
Fashion
Nigel Oddy is new interim CEO of up-for-sale Matalan

Nigel Oddy is new interim CEO of up-for-sale Matalan

​Matalan has named former New Look chief executive Nigel Oddy as its interim CEO as the company’s process to sell itself begins.
Fashion
Retailers push for VAT-free shopping return to be fast-tracked

Retailers push for VAT-free shopping return to be fast-tracked

​The UK retail euphoria around news that VAT-free shopping for tourists is returning and will include EU visitors has been tempered by suggestions it won’t happen until 2024. But retail is pushing for an earlier date.
Fashion
Frasers acquires more MySale shares, makes mandatory cash offer

Frasers acquires more MySale shares, makes mandatory cash offer

​Frasers Group had an update on its offer to buy MySale on Monday with some shareholders accepting its offer, despite the board having rebuffed it.
Fashion
Christmas not what it used to be says Springboard as footfall will be weak

Christmas not what it used to be says Springboard as footfall will be weak

​The Christmas season should usually be the busiest period of the year for physical retailers — especially now, after several years affected by Covid. But this year might not be the bonanza stores hope for.
Fashion
UK retail sales plummet in September, etail also continues to suffer - CBI

UK retail sales plummet in September, etail also continues to suffer - CBI

Retail sales volumes fell at a “considerable rate” in September after posting strong growth in August. What’s more the decline in sales is expected to continue next month, albeit at a slower pace, according to the CBI.
Fashion
UK consumer confidence hits new low in August - GfK

UK consumer confidence hits new low in August - GfK

An already bruised consumer confidence took a further hit in September, tumbling to a new low.. And with the Bank of England now suggesting the UK has tipped into recession, expect further dips to come.
Fashion
Made.com for sale as it withdraws guidance with trading tough

Made.com for sale as it withdraws guidance with trading tough

​It’s not that long ago that Made.com seemed to be on a roll with the firm acquiring Trouva in the spring, a move that boosted Made’s presence in interiors but also gave it a foothold in the fashion sector.
Fashion
UK to launch VAT-free shopping for all overseas tourists as mini-budget is unveiled

UK to launch VAT-free shopping for all overseas tourists as mini-budget is unveiled

​In what has been called a ‘mini budget’, the UK government on Friday not only said that it would bring back VAT-free shopping for tourists to Britain but that it would be a better system than the one abolished in 2021.
Fashion