John Lewis has big plans to increase its fashion sales and is to add 100 new third-party fashion brands to its line-up over the next year as labels supply their products directly on johnlewis.com for the first time.
It’s a subject close to the heart of many physical retailers: the scrapping of the business rates system. Latest to join the call for change is John Lewis chair Sharon White, who wants it replaced it with a new land tax.
The Touchwood shopping centre in Solihull has a new owner. US-based real estate investment and asset management firm Ardent Companies has bought the Midlands mall from Lendlease Retail Partnership for an undisclosed sum.