‘Supermalls’ in the UK are set to outperform physical retail growth overall, as they attract Millennial shoppers by including more leisure options in their mix, according to a new report from GlobalData.
With Interparfums recording an 18.8% jump in revenues for the first nine months of the year, totalling 324 million euros, the fragrance company expects 2017 revenues to range between 400 and 405 million euros.
Debenhams profits dropped in the latest year but the big news was around its rebirth plan that includes a new designer signing, in-store gyms, soaring mobile sales, making its Danish chain a Scandi hub and much more.
Retailers in London’s West End are predicted to take over £50 million a day in the six weeks to Christmas but till receipts should rise only 1.5% overall. There will be a tourist boost, but not as large as last year's.
In the hope of regaining market relevance, Avon's President, Miguel Fernandez, has directed the company to invest $120m to improve product, make technological updates, and to train its sales people to perform better.
Dutch drugstore chain Kruidvat is launching Kruidvat in de Stad in Antwerp. The company has added a strong beauty focused range to its new concept, which will land at the city’s main shopping street next week.
It was another slow period for John Lewis last week as the on-going mild weather rounded off October with a further sales fall. And fashion was a weak category, even though lingerie and own-label product was stronger.