Mike Ashley’s Frasers Group set for ‘upbeat’ update after reopening stores
Sports Direct owner Frasers Group is expected to unveil an “upbeat” trading update amid hopes its sales will have rebounded strongly after the reopening...
Lingerie chain Victoria’s Secret UK goes into liquidation
Victoria’s Secret UK has moved out of administration and into liquidation. The UK arm of the lingerie retailer went into administration last year.
A spokesman...
Pets at Home sales surge but cost pressures remain
Pets at Home continues to benefit from the huge boom in pet ownership during the Covid-19 pandemic with bosses predicting profits will be up...
UK retail sales strong in July but stock levels slide
UK retailers have reported another strong month of sales growth but saw stock levels slump to a new record low, according to fresh data.
The...
Selfridges in search for buyer as billionaire owners launch auction
Selfridges’ billionaire owners, the Weston family, have launched a formal auction to sell the historic department store business.
It is understood that advisers at Credit...
Ted Baker quits Ugly Brown Building HQ for Gorgeous Brown Building
Fashion brand Ted Baker is moving to a new headquarters in central London.
The company confirmed it has signed a 10-year lease with Westminster City...
Local high streets to see boom in new stores due to hybrid working –...
Local high streets could see 17,000 new stores open over the next 12 months as retailers look to take advantage of new hybrid working...
US trade recovery accelerates past China in Q2
Data from Tradeshift reveals that B2B trade activity across US supply chains accelerated past China in Q2, with the world’s largest economy now setting...
Burberry sales return to pre-pandemic levels despite rich tourists staying away
Sales at high-end fashion brand Burberry have returned to pre-pandemic levels despite some restrictions for Covid-19 still remaining in place, the company revealed.
Bosses said...
Landlord warns no more rent holidays for shopping centre businesses
Commercial property owner Hammerson has warned its tenants that it will no longer offer rent concessions to hard-hit retailers and businesses.
The owner of the...