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John Lewis to close some department stores as Oxford Street prepares to reopen

John Lewis to close some department stores as Oxford Street prepares to reopen

On what should have been a ‘normal’ day in the UK retail sector, John Lewis became latest company to announce negative news with the prospect of store closures and job cuts ahead.
Fashion
British Land struggles to collect rents, but tenants' comp sales are rebounding

British Land struggles to collect rents, but tenants' comp sales are rebounding

As of June 26, while British Land had been able to collect 88% of the rent owed for its office properties, in retail, only 36% of the rent due for the June quarter had come in.
Fashion
Hammerson reopens in England, Ireland, France, but rent issues remain

Hammerson reopens in England, Ireland, France, but rent issues remain

Major British retail landlord Hammerson issued an update on Wednesday that showed reopenings in England, Ireland and France are well under way, but it has been struggling to collect rents from some retail tenants.
Fashion
UK retail footfall continues to improve, but is still low

UK retail footfall continues to improve, but is still low

UK retail footfall rose in the second week of English and Northern Irish stores reopening, the BRC-ShopperTrak Footfall Monitor has shown.
Fashion
Competition watchdog chair 'forced out', could it mean fewer merger blocks?

Competition watchdog chair 'forced out', could it mean fewer merger blocks?

The news this month that Lord Andrew Tyrie, the chair of the Competition and Markets Authority (CMA), would exit his role was driven by a major clash with the CMA’s top executive Andrea Coscelli, a report has claimed.
Fashion
UK e-tail continues to soar as physical shops reopen

UK e-tail continues to soar as physical shops reopen

While online retail boomed during lockdown, it's interesting that e-sales are still soaring even though non-essential shops have reopened in much of the UK. But it seems some e-fashion activity has moved back to shops.
Fashion
Oliver Bonas gets funding to see it through crisis period

Oliver Bonas gets funding to see it through crisis period

Oliver Bonas has secured a vital loan to see it through the current crisis period with the fashion and lifestyle retailer having secured £3.5m of additional funding guaranteed by the government’s coronavirus scheme.
Fashion
Key lender urges fast sales of Intu's Trafford Centre

Key lender urges fast sales of Intu's Trafford Centre

News of Intu’s administration filing has been quickly followed by speculation over whether the firm will be broken up with one report saying a creditor is urging a fast sale of the Trafford Centre, Intu’s top asset.
Fashion
Springfields transactional spend rises despite lower reopening footfall

Springfields transactional spend rises despite lower reopening footfall

Springfields Outlet and Leisure in Lincolnshire has said that while footfall and overall spend remain lower year-on-year, average transactional spend is up in double-digits and many reopened stores are booming.
Fashion
Instagram rolls out shopping feature to small businesses, independent creators

Instagram rolls out shopping feature to small businesses, independent creators

As the Covid-19 pandemic pushes more businesses to lean into their online presence, Instagram is expanding its in-app Instagram Shopping feature to include small businesses and individual creators. 
Fashion
Intu talks fail, files for administration, malls stay open for now

Intu talks fail, files for administration, malls stay open for now

Intu has become the most prominent corporate casualty of the coronavirus crisis in the UK with news on Friday that talks over its massive £4.5bn debt have failed and it has filed for administration.
Fashion
H&M in the red in H1, recovery starts but Q3 will still see discounts

H&M in the red in H1, recovery starts but Q3 will still see discounts

H&M saw a bigger H1 loss than expected as the coronavirus crisis crushed profitability. And while sales are recovering, they’re still down during June and markdowns will be ongoing in Q3, even though e-sales remain high.
Fashion
Matalan boosted by e-sales in latest year, says it's well placed for new normal

Matalan boosted by e-sales in latest year, says it's well placed for new normal

Matalan saw its revenue rising 2.3% in the year to the end of February, hitting £1.129 billion, with the company also saying that its market share grew and that its online growth was an impressive 24%.
Fashion
John Lewis names executive director, Pippa Wicks joins from Co-op Group

John Lewis names executive director, Pippa Wicks joins from Co-op Group

John Lewis Partnership announced Wednesday that Pippa Wicks is joining its department stores chain as Executive Director. She’s joining in August from the Co-operative Group where she was Deputy Chief Executive.
Fashion
Barclaycard reports higher in-store transactions, more contactless payments

Barclaycard reports higher in-store transactions, more contactless payments

Barclaycard saw payments rising last week as stores began to reopen with 6% growth by value compared to the previous week and 8% growth in their volume. And the value of payments in physical shops rose 12%.
Fashion
Pepco strong despite lockdowns, expansion continues

Pepco strong despite lockdowns, expansion continues

Pan-European value retailer Pepco Group has had a reasonably good first half, despite the pandemic, as many stores were able to operate during lockdowns due to them selling essentials as well as non-essential goods.
Fashion