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Shopper spend on non-essentials to drop 20%+ this Christmas - report

Shopper spend on non-essentials to drop 20%+ this Christmas - report

It’s going to be a tougher-than-expected Christmas trading period, if one report is to be believed. UK shoppers are likely to spend 22% less on non-essentials in the festive run-up and other markets will see drops too. 
Fashion
Lee to replace Blundell as Grosvenor’s CFO

Lee to replace Blundell as Grosvenor’s CFO

Roger Blundell is to step down as chief finance officer at Grosvenor before the end of the year with Debbie Lee promoted to take over as CFO from January 2023. However, he will move into non-executive and advisory roles.
Fashion
John Lewis takes deeper dive into sustainability

John Lewis takes deeper dive into sustainability

The John Lewis Partnership is setting itself some lofty targets on the sustainability front, saying that “we’re going back to our roots and focusing our efforts on protecting and restoring nature”.
Fashion
Trouva owner Made.com is in talks with several potential bidders

Trouva owner Made.com is in talks with several potential bidders

​Furniture retailer Made.com — which has also owned Trouva since the spring — may be facing a sea of troubles as its losses widen, but the up-for-sale business still seems to be in demand.
Fashion
Ted Baker to open at Basingstoke's Festival Pace

Ted Baker to open at Basingstoke's Festival Pace

Global lifestyle brand Ted Baker is continuing its expansion programme, signing a 10-year lease on a 3,300 sq ft store at Basingstoke centre’s 1.1 million sq ft Festival Place.
Fashion
Curated Makers to open Battersea Power Station pop-up

Curated Makers to open Battersea Power Station pop-up

Curated Makers, a retail concept that links local independent artists and product makers with the high street, will debut its first pop-up store in London at the rebirth of Battersea Power Station on 14 October. 
Fashion
Events recovery picks up pace as Hyve secures new financing

Events recovery picks up pace as Hyve secures new financing

Hyve Group is returning to pre-pandemic normality with the international exhibitions organiser saying the pace of in-person event recovery in FY22 has “exceeded anticipated levels”.
Fashion
Frasers on track to own more than half of MySale, but still short of 75%+ target

Frasers on track to own more than half of MySale, but still short of 75%+ target

Frasers is doubling down on its efforts to get MySale shareholders to accept its buyout offer as it also says it’s on the verge of owning more than half of the firm’s shares, even though it’s still well below its target.
Fashion
Reports suggest UK shopping tourism booms as pound value drops

Reports suggest UK shopping tourism booms as pound value drops

​Anecdotal evidence suggests that while the plunging value of the pound may be bad news, it has an upside. American tourists are taking advantage of the situation to book shopping trips to the UK.
Fashion
Joules says progress being made, no specific comment on CVA reports

Joules says progress being made, no specific comment on CVA reports

Under-pressure retailer Joules on Friday responded to press reports that it’s considering a CVA with a stock exchange statement that neither confirmed nor denied the news.
Fashion
Joules 'explores CVA' option - report

Joules 'explores CVA' option - report

​Struggling Joules is reportedly exploring options for a company voluntary arrangement (CVA) as it seeks to cut its costs and stave off a collapse following the termination of talks for Next to take a stake in the firm.
Fashion
Fashion tech app start-up Seamm gets $1.7m in funding

Fashion tech app start-up Seamm gets $1.7m in funding

Seamm, a start-up digitising fashion goods for virtual worlds, has raised $1.7 million in funding “to scale go-to-market activities, attract and hire top talent, and accelerate the development of its platform”.
Fashion
GPE upbeat on key London commercial property leasing

GPE upbeat on key London commercial property leasing

Major London commercial property landlord GPE reported strong leasing activity during in its first half as demand for key capital spaces continues to attract retailers.
Fashion
Shaftesbury launches recycling test on Carnaby Street, fashion labels sign up

Shaftesbury launches recycling test on Carnaby Street, fashion labels sign up

Are You Mad. No, that’s not a question but the name of Shaftesbury’s latest consumer-facing effort to promote sustainability. The London property giant has opened its first visible recycling unit on Carnaby Street.
Fashion
Next downgrades sales and profits forecast as consumers rein in spending

Next downgrades sales and profits forecast as consumers rein in spending

​Next is one of the most successful UK fashion retailers, so when it downgrades profit guidance that it only upgraded last month, you know the sector as a whole is facing tough times. And that’s what it did Thursday.
Fashion
Russia exit dents H&M in Q3, but it sees September upturn

Russia exit dents H&M in Q3, but it sees September upturn

​H&M Group’s nine-month report showed a 13% rise in net sales. But Q3 was very weak due to the Russia exit and “many other external challenges”, although September saw a recovery.
Fashion