London

Watches of Switzerland on track to deliver FY25 guidance

Watches of Switzerland has stated that trading for the first 18 weeks of the financial year has been in line…

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End of tax-free shopping hitting retail hard, warns Kurt Geiger CEO

Kurt Geiger’s CEO has warned that scrapping tax-free shopping for tourists is having a “massively negative effect” on retail in…

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Strathberry appoints new MD as it targets £100m revenue

Edinburgh-based luxury brand Strathberry has appointed Martin Byrne as managing director as the brand targets £100m revenue in a continued…

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Retail footfall shows resilience despite riots

Footfall in the UK rose marginally by 0.9% from July to August in all UK retail destinations according to data…

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Today’s news in brief-27/8/24

UK shop prices have fallen for the first time since October 2021, with the BRC-NielsenIQ index reporting deflation of 0.3%…

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M&S to trial new clothing-only format as fashion sales rebound

Marks and Spencer is reportedly looking to open clothing-only stores after a rise in demand for its lingerie and cashmere…

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Shein mulls selling shares to British public amid IPO backlash

Shein is reportedly looking to sell its shares directly to the British public after its potential £50bn listing on the…

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Waitrose to open 100 convenience stores amid £1bn investment

Waitrose has announced plans to open up to 100 convenience shops across the country over the next five years, just…

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Today’s news in breif-13/8/24

UK wage growth has fallen to a two-year low, with wages excluding bonuses growing by 5.4% in the three months…

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Shein scouts Midlands warehouse ahead of London IPO

Shein is reportedly looking to open its first British warehouse within the Midlands’ “golden logistics triangle” ahead of its anticipated…

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