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Laura Ashley sales surge, but it needs urgent funding by end of month

Laura Ashley sales surge, but it needs urgent funding by end of month

Struggling Laura Ashley was one of few retailers to have good news in its latest trading update on Monday. It said the six weeks to March 7 saw its total sales rising 27.7% year-on-year with gross profit rising 22.2%. 
Fashion
Pepco flotation postponed on stock market plunge, Andy Bond illness

Pepco flotation postponed on stock market plunge, Andy Bond illness

Steinhoff has postponed the flotation of its budget retailer Pepco due to volatility in global stock markets on the back of the coronavirus. But the delay is also linked to sick leave being taken by Pepco boss Andy Bond
Fashion
Airport retailer Dufry trims jobs as coronavirus drags down sales

Airport retailer Dufry trims jobs as coronavirus drags down sales

Swiss firm Dufry is cutting jobs and guiding for a single-digit decrease in organic sales this year as the coronavirus pandemic that prompted U.S. President Donald Trump to ban air travel from Europe hits its business.
Fashion
Trump stops flights from Europe, global alarm over coronavirus spreads

Trump stops flights from Europe, global alarm over coronavirus spreads

U.S. President Donald Trump imposed sweeping restrictions on travel from Europe, hitting battered airlines and heightening global alarm over the coronavirus.
Lifestyle
Eurocommercial Properties agrees rent deferrals in coronavirus-hit Italy

Eurocommercial Properties agrees rent deferrals in coronavirus-hit Italy

Malls giant Eurocommercial Properties unveiled its coronavirus strategy Thursday morning given the large number of Italian shopping centres it has. And that strategy focuses on delaying rent payments for some tenants.
Fashion
Intu make huge loss, warns it could go under

Intu make huge loss, warns it could go under

Struggling malls giant Intu is thinking the unthinkable at the moment and when it delivered its 2019 results on Thursday, it also warned that it’s in danger of collapse, if it can’t raise further cash.
Fashion
UK's 'coronavirus budget' offers some relief to retail, but not enough

UK's 'coronavirus budget' offers some relief to retail, but not enough

The UK’s still-new chancellor, Rishi Sunak, has delivered his first budget and went some way to meeting the demands of the retail sector. But it was felt he didn’t go far enough in some areas. 
Fashion
Applications open for 2020 Fashion Space Gallery design residency

Applications open for 2020 Fashion Space Gallery design residency

UAL’s Fashion Space Gallery in London is inviting fashion, textiles, footwear and jewellery designers with an interest in experimental approaches to apply for its 2020 residency programme.
Fashion
Giorgio Armani closing Milan hotel and commercial businesses during coronavirus lockdown

Giorgio Armani closing Milan hotel and commercial businesses during coronavirus lockdown

Giorgio Armani has decided to temporarily close down its luxury hotel, restaurants and all its boutiques in Milan, the company announced Tuesday evening, in reaction to the rapid spread of coronavirus in Italy.
Lifestyle
Ikea tests selling through third party for the first time, on Tmall in China

Ikea tests selling through third party for the first time, on Tmall in China

Ikea on Tuesday started selling its products on Alibaba's Chinese e-commerce platform Tmall, the first time the world's biggest furniture retailer has sold through a third party in its 77-year history.
Lifestyle
John Lewis's first spring TV campaign to focus on product, own-brands

John Lewis's first spring TV campaign to focus on product, own-brands

John Lewis has broken the habit of many years and has launched a product-focused TV campaign for the first time ever outside of its crucial Christmas and clearance sale periods.
Fashion
Rain stops play as UK stores see footfall washout in February

Rain stops play as UK stores see footfall washout in February

Footfall to UK shopping locations was down quite sharply last month, but it wasn't coronavirus that was the issue, with consumers staying inside during heavy rain, a new report showed on Monday.
Fashion
Hammerson reveals next stage of Grand Central upgrade

Hammerson reveals next stage of Grand Central upgrade

Property giant Hammerson has unveiled its plans for the next stage of its upgrade of Grand Central’s New Street Mall, the Birmingham shopping destination.
Fashion
New retail body works to boost UK's appeal to tourist shoppers

New retail body works to boost UK's appeal to tourist shoppers

A new UK retail body has been set up as Britain faces a growing threat from the coronavirus that has already dented tourist shopper visits from key regions such as Southeast Asia.
Fashion
Network Rail in festive retail surge, London Bridge is star with fashion, beauty stores key

Network Rail in festive retail surge, London Bridge is star with fashion, beauty stores key

As more and more people travel by train, retail at railway stations is growing and this week, the UK's Network Rail said that it has seen a 4.48% growth in sales at Britain's biggest and busiest stations.
Fashion
John Lewis sees profits plunge, says it must fix Home department

John Lewis sees profits plunge, says it must fix Home department

Times were hard at John Lewis last year with sales down and profits plunging. It has launched a strategic review and has urgent work to do, especially in its department stores, although fashion seems to still be strong.
Fashion