UK consumers may have rushed back to physical stores last month, but the reopening of non-essential shops in Britain didn't appear to send online spending's trajectory into reverse, despite speculation that it would.
Global Fashion Group saw a strong Q1 as it attracted more customers to its websites and enjoyed a solid recovery in repeat customers. It also attracted more brands and marketplace net merchandise value almost doubled.
The United States’ largest mall owner announced that it has been seeing strong growth in traffic during an earnings call on Monday, but is still cautious in its outlook. The company’s revenues fell 0.08% in Q1.
Be warned, consumer sustainability issues may be more important than you think. Over half of people in the UK (56%) are less likely to buy from organisations with a weak sustainability record, according to a new survey.
As Debenhams exits the high street, many of its former stores are being converted to non-retail uses. But there appears to be an opportunity opening up for the return of smaller department store operators.
Joules Group had good news on Tuesday as it’s expecting a “positive performance” across all retail channels for the financial year that ends in a few weeks, with revenue and pre-tax profit ahead of expectations.
The French economy will return to its pre-COVID 19 levels of economic activity by the first half of 2022, said the French finance minister, who also reaffirmed his target of 5% economic growth for France in 2021.
New Look has won a crucial court fight, defeating a landlord challenge to its company voluntary arrangement with the landlords feeling they were unfairly treated by last year's CVA process for the retailer.
Poor spring weather over much of the UK hit shopper footfall numbers last week, although Scotland's retail reopening bought much brighter figures, according to latest reports from Springboard and Ipsos.
With a capacity turnout and the introduction of a first-of-its-kind retail attraction, Meadowhall is in celebration mode. The mall welcomed crowds across the weekend, that saw visitors having to queue to gain entry.