As a cost-of-living crisis with no end in sight sends shockwaves through Europe, deals in the region's retail and consumer-products industries have slowed dramatically - even more so than in other sectors, data shows.
M&S can expect yet more opposition to its long-running bid to demolish and rebuild its flagship Marble Arch, London, store. Heritage campaigners have begun crowdfunding to oppose the plans in an upcoming public enquiry.
Hammerson listed three key positives in its half-year trading update on Thursday. The commercial property giant returned to pre-tax profit as footfall recovered to near pre-pandemic levels and costs fell.
Landsec is on the lookout for a new chair. The vacancy arises because Cressida Hogg is set to "retire" next year from her positions of both chair and director of the property giant. She was appointed chair in 2018.
UK retail sales volumes continued to fall month-on-month, albeit slightly, in the year to July, according to the latest CBI Distributive Trades Survey. Online sales volumes also painted a similar picture.
Stylus has released a new platform and refreshed its branding “to signal a new phase of growth under CEO Victoria Rennie”. It worked with Re Design on its brand strategy, and Matter Of Form on the new platform.
Concerns that eco purchases will suffer in the cost-of-living crisis could be overplayed, research suggests. Shopping with a conscience is “so important” to 65% of consumers who think about sustainability before buying.
With UK inflation rising and costs spiralling, consumer spending power continues to decline. Household disposable income fell by a record £44 a week in June, the eighth consecutive month of decline, a report shows.
There’s been speculation for some time and it’s finally been confirmed — e-tail giant THG has ended its deal with Japan’s Softbank and the latter’s massive investment in THG’s Ingenuity arm won’t now go ahead.