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Tag: retail

British Land dives even deeper into retail parks with £240m of acquisitions

September 6, 2024 No Comments Business ,

British Land’s love of retail parks shines through with the UK commercial property giant saying its increasing move into the sector continues to pay dividends. British Land’s Nugent Shopping Park, south London So much so, it has reinvested £240 million in the sector in the last few months from funds released via the £360 million [...]read moreBritish Land dives even deeper into retail parks with £240m of acquisitions

No lazy August for UK retail as footfall remains positive

August 29, 2024 No Comments Business , ,

In a month typically dominated by summer getaways, retail footfall in August thankfully didn’t take a break. In fact, visits to UK retail destinations rose, albeit by just 0.9% month-on-month and by a more modest 0.1% year-on-year across 28 July-24 August, according to MRI Software’s latest figures. Image: Pexels Shopping centres and retail parks were [...]read moreNo lazy August for UK retail as footfall remains positive

UK’s summer retail sales were flat, outlook soft too

August 28, 2024 No Comments Business , , , ,

UK retail sales remained weak throughout the summer and the outlook remains soft, according to new figures. But the picture seems to be easing, the latest CBI monthly Distributive Trades Survey showed. Photo: Pexels Headline retail sales volumes fell for the third consecutive month in the year to August, although the survey doesn’t tell us [...]read moreUK’s summer retail sales were flat, outlook soft too

Frasers Group increases ANZ retail footprint with Accent Group stake

August 28, 2024 No Comments Business , , , ,

Frasers Group CEO Michael Murray said in July that 2024 was a “breakout year” for building Frasers’ future growth. And so the group’s expansion by acquisition continues, taking a near-15% share in major Australia/New Zealand performance/lifestyle retailer Accent Group. Although terms haven’t been released, local reports put the deal at A$165 million (£84.6 million). One [...]read moreFrasers Group increases ANZ retail footprint with Accent Group stake

Coty misses revenue estimates on cautious retail orders, Lacoste license sale

August 21, 2024 No Comments Business , , , ,

By Reuters Published Aug 21, 2024 CoverGirl parent Coty missed fourth-quarter revenue expectations on Tuesday, impacted by its divestiture of Lacoste fragrance license and controlled orders from cautious retailers, which weighed on growth in prestige and mass-market perfumes. CoverGirl Its decision to sell the Lacoste license back to Lacoste resulted in a 2% impact on [...]read moreCoty misses revenue estimates on cautious retail orders, Lacoste license sale

UK retail sales rise after discounts and Euros lift spending

August 16, 2024 No Comments Business , , , , ,

By Bloomberg Published Aug 16, 2024 UK retail sales bounced back in July after summer discounts and the Euros football competition unleashed spending at department stores and sports shops. Photo: Pexels The volume of goods sold in stores and online rose 0.5% in July after a revised drop of 0.9% the month before, the Office [...]read moreUK retail sales rise after discounts and Euros lift spending

Palladium to rely on direct retail and apparel line to double revenue in three years

August 2, 2024 No Comments Business , , , , ,

Translated by Nicola Mira Published Aug 2, 2024 Palladium has launched a summer retail offensive in Parisian department stores. The French footwear brand is operating a corner at the BHV department store until August 12, and has recently opened two pop-up spaces at Galeries Lafayette Haussmann, on the first floor of the menswear building and [...]read morePalladium to rely on direct retail and apparel line to double revenue in three years

UK retail sales pick up, fashion gets online boost says BDO tracker

August 2, 2024 No Comments Business , , ,

July’s retail sales improved as far as discretionary categories were concerned, BDO’s regular monthly High Street sales Tracker showed on Friday (2 August). Photo: Public domain Like-for-like sales in those discretionary categories grew by 3%, although there was a clear skew towards online with in-store sales up only 1.1% while e-sales rose 8.7%. This was [...]read moreUK retail sales pick up, fashion gets online boost says BDO tracker

Brendratti premières in Europe from Italy, extends retail footprint

August 2, 2024 No Comments Business , ,

Translated by Nicola Mira Published Aug 2, 2024 Brendratti is a US apparel brand founded in 2016. It began by producing skiwear, well before the segment sparked the interest of fashion labels, with dozens of major international names entering the skiwear market recently. Shortly after the end of the pandemic, Brendratti turned to golfing wear, [...]read moreBrendratti premières in Europe from Italy, extends retail footprint

UK retail sales continued to take wet weather hit in July

July 31, 2024 No Comments Business , , , ,

While the UK’s weather does seem to have improved from the soggy conditions of recent moths, it’s still far from offering a sustained, summer-like environment and is continuing to dampen retail sales. Photo: Pexels That’s according to the latest CBI Distributive Trades Survey, which said this week that retail sales volumes fell at an accelerated [...]read moreUK retail sales continued to take wet weather hit in July