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Ted Baker hit hard by lockdowns but is now "in a much stronger place"

Ted Baker hit hard by lockdowns but is now "in a much stronger place"

​Ted Baker’s twice-delayed full-year results looked grim on Monday as the fashion retailer announced a 44%+ drop in revenue and a pre-tax loss that widened by almost 39%. But its CEO was upbeat about its prospects.
Fashion
Fear factors prevent UK shoppers from buying online from EU, says study

Fear factors prevent UK shoppers from buying online from EU, says study

Fakes, delays, customs and foreign languages. These are the biggest fears preventing UK e-commerce consumers making cross-border purchases from the EU, according to a new report commissioned by Weglot.
Fashion
John Lewis improves employee support programme, extending parental leave

John Lewis improves employee support programme, extending parental leave

John Lewis Partnership, the UK’s largest employee-owned retailer, has improved its support package for working families and young people leaving the care system.
Fashion
​Gee joins Grosvenor Group, set to become chair of its Britain & Ireland board

​Gee joins Grosvenor Group, set to become chair of its Britain & Ireland board

Grosvenor Group has appointed Melanie Gee, initially as a non-executive director, with a view to her becoming chair of the Grosvenor Britain & Ireland (GBI) board. She is set to succeed Jonathon Bond from September.
Fashion
Selfridges owners reportedly mull sale with £4bn price tag

Selfridges owners reportedly mull sale with £4bn price tag

​Selfridges is reportedly up for sale — or at least its owners are exploring their options — after a mystery buyer approached the business with an offer, reports claimed on Friday.
Luxury
Large number of Oxford Street units are empty - report

Large number of Oxford Street units are empty - report

Some 17% of Oxford Street’s properties are currently standing empty, it was claimed on Thursday, with the reason being about the rise of online shopping as well as the pandemic.
Fashion
Wax London launches collab with mosaic artist Soller

Wax London launches collab with mosaic artist Soller

​UK contemporary brand Wax London launches a limited edition collab with mosaic artist Soller on Thursday. It marks its first move into lifestyle and homewares and also sees the menswear brand offering a unisex line-up.
Fashion
Lockdown end means UK online sales drop, but fashion is still on a high

Lockdown end means UK online sales drop, but fashion is still on a high

​Online sales in the UK fell 9.1% year-on-year last month, although this was against a 61% increase in May 2020. And even with the fall, spend remain strong with sales volumes rising 46% compared to May 2019.
Fashion
BRC urges government to extend credit insurance scheme

BRC urges government to extend credit insurance scheme

The British Retail Consortium is lobbying the government to extend the scheme that guarantees trade credit insurance. There are fears retailers could be left coverless when the scheme ends on 30 June.
Fashion
Klarna launches new interest-free shopping feature

Klarna launches new interest-free shopping feature

This is a game-changing shopping feature, according to Klarna. The finance provider has launched a shopping app that allows users to pay in three instalments in any online shop, interest-free.
Fashion
Tesco and Carrefour to end cooperation deal

Tesco and Carrefour to end cooperation deal

​UK retail giant Tesco and French giant Carrefour are ending their purchasing partnership when the deal expires later in 2021.
Fashion
Happy Days! Weekly UK high street footfall jumps on sunny weather

Happy Days! Weekly UK high street footfall jumps on sunny weather

UK high streets basked in the warmth of consumer popularity last week, latest figures from Springboard show. Indeed good weather, a bank holiday and school breaks saw footfall across all retail destinations rise 11.6%.
Fashion
Up to 70 UK malls at risk of closure says LDC

Up to 70 UK malls at risk of closure says LDC

​A gruelling year for physical retail comes into stark focus with news that up to 70 of 700 UK shopping centres could be set for demolition. Even more ageing centres are in line for redevelopment, a report shows.
Fashion
Grosvenor co-develops footfall tool to prevent retail congestion

Grosvenor co-develops footfall tool to prevent retail congestion

Here’s one piece of positive tech for retail. Grosvenor Europe and technology firm MeltSpot have developed a digital tool to track the behaviour of visitors in shopping centres to identify areas of congestion.
Fashion
​Fashion hits near-record post-lockdown sales, online also strong - BDO

​Fashion hits near-record post-lockdown sales, online also strong - BDO

News to cheer UK fashion omnichannel retail. The sector saw a near-record performance in May — the first full post-lockdown month — with sustained online sales bolstering overall growth, BDO’s latest data showed.
Fashion
London leads the way but UK footfall growth is slow in wet May -  Springboard

London leads the way but UK footfall growth is slow in wet May - Springboard

UK consumers may be back spending but the pace isn’t electric as demand for hospitality in particular lagged last month, according to Springboard’s footfall overview for the period covering 2-29 May. 
Fashion