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Hammerson results show times are tough, but UK, French flagship footfall rises

Hammerson results show times are tough, but UK, French flagship footfall rises

Shopping malls giant Hammerson was focusing on its “further progress in portfolio optimisation" in its annual results statement, which underlined the tough times in UK retail at present. 
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Fashion
Macron fêtes fashion at Dîner de la Mode in the Élysée Palace; praises contribution of foreign designers to France

Macron fêtes fashion at Dîner de la Mode in the Élysée Palace; praises contribution of foreign designers to France

Emmanuel Macron fêted fashion creativity with a gilded dinner inside the Élysée Palace on Monday night, praising the imaginative foreign elements in the industry, but picking out Jean-Paul Gaultier for special praise.
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Fashion
Tyra Banks launches ModelLand

Tyra Banks launches ModelLand

American model and 90s icon, Tyra Banks, is launching a new business venture that merges fashion, beauty, photoshoots, runways, shopping, theatre and the general public. 
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Fashion
TJ Hughes to appoint outlet division administrators

TJ Hughes to appoint outlet division administrators

TJ Hughes is ready to appoint administrators for its outlet business with a report at the weekend saying eight stores will be included in the filing. The represent a “small number” of its total stores across the UK.
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Fashion
Fashion and beauty dominate anaemic January e-tail but challenges remain

Fashion and beauty dominate anaemic January e-tail but challenges remain

Online sales proved weak during January with a 0.4% fall year-on-year, a rare situation for the e-tail sector, which is more used to seeing growth, even if that growth is occasionally quite small.
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Fashion
Tourist spending in Europe hit two-year high in 2019 says Planet

Tourist spending in Europe hit two-year high in 2019 says Planet

Europe may be reeling from lower tourist numbers on the back of the coronavirus outbreak, but tourism remains a key source of shopping activity as a new report for 2019 shows.
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Luxury
Laura Ashley loss widens, new CEO takes over as retailer targets global growth

Laura Ashley loss widens, new CEO takes over as retailer targets global growth

With its new CEO and short-term funding in place, Laura Ashley has released a weak set of results with losses increasing and even e-tail sales dropping. But the firm is upbeat and sees international opportunities ahead.
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Fashion
Coronavirus could be knockout blow for Hong Kong's once-thriving tourism, retail sectors

Coronavirus could be knockout blow for Hong Kong's once-thriving tourism, retail sectors

Hong Kong retail sales are expected to post their steepest fall on record in January at around 30%, while tourist arrivals in February fell to under 3,000 a day on average, from around 100,000 in January.
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Fashion
Retail should recover quickly post-coronavirus says expert, but Bicester Village suffers as tourist trips fall

Retail should recover quickly post-coronavirus says expert, but Bicester Village suffers as tourist trips fall

A drop in Chinese tourism has been affecting key shopping destinations but the retail sector is hopeful that the recovery could be quick once the coronavirus has been contained.
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Luxury
Laura Ashley trading is tough, talks to lenders about access to funds

Laura Ashley trading is tough, talks to lenders about access to funds

Laura Ashley issued an unexpected update on Monday along with a “response to press speculation”. The retailer said trading in the current financial year “has continued to be challenging” and it's in talks about funding.
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Fashion
Westfield owner reviews development pipeline amid 'challenging' times

Westfield owner reviews development pipeline amid 'challenging' times

Shopping centre landlord Unibail-Rodamco-Westfield disposed of several retail assets and scaled back its development pipeline in 2019 after facing a “challenging” retail environment in the UK.
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Fashion
Stockmann makes progress, Lindex has strong year, profits improve

Stockmann makes progress, Lindex has strong year, profits improve

Stockmann is forging ahead with its transformation plans and while the signature department store chain is loss-making and the market is tough, the firm is upbeat on its prospects and of those of the more buoyant Lindex.
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Fashion
Marimekko upbeat as collabs pay off, has big plans for 2020

Marimekko upbeat as collabs pay off, has big plans for 2020

Marimekko was in an upbeat mood Thursday as it delivered a “strong” set of results for the year ending December 31. It was boosted by a flourish in the final quarter on strong Holiday numbers and international traction.
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Fashion
UK's £1bn Valentine's spend is minimal rise says GlobalData

UK's £1bn Valentine's spend is minimal rise says GlobalData

Valentine’s Day is set to be worth just over £1 billion in revenue this year in Britain, a minimal 0.6% rise on last year and actually a fall if inflation is taken into account, GlobalData said on Wednesday.
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Fashion
Gucci unveils Gucci Osteria da Massimo Bottura in Beverly Hills

Gucci unveils Gucci Osteria da Massimo Bottura in Beverly Hills

Set to open to the public on February 17, the new Osteria is located on the roof of Gucci's Los Angeles store and is led by Michelin-star chef, Massimo Bottura, the chef patron of Osteria Francescana.
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Luxury
Ikea new CEO targets 'even more affordable' furniture as habits shift

Ikea new CEO targets 'even more affordable' furniture as habits shift

Ikea named insider Jon Abrahamsson Ring to succeed Torbjorn Loof as chief executive of the world's biggest furniture brand on Tuesday as it adapts to seismic shifts in shopping.
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Lifestyle