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British Land to build own logistics centres, Meadowhall mall set to benefit

British Land to build own logistics centres, Meadowhall mall set to benefit

​One way around the problems of product supply issues is to build your own logistics centres. That’s exactly what British Land is doing, planning to turn empty spaces across the UK into urban distribution sites.
Fashion
Former Intu Manchester property Barton Square is rebranded

Former Intu Manchester property Barton Square is rebranded

It was simply known as Barton Square, but the TraffordCity retail, leisure, and entertainment space in Manchester has been renamed Trafford Palazzo.
Fashion
New Look opens more Asda concessions after test phase

New Look opens more Asda concessions after test phase

​New Look may have closed a number of its own stores in recent periods, but it’s continuing to expand its partnership with Asda and is opening further concessions in the supermarket giant’s branches.
Fashion
Landsec in talks to buy controlling stake in Bluewater - report

Landsec in talks to buy controlling stake in Bluewater - report

​Property giant Landsec is reported to be in talks to buy a further 25% in the giant Kent shopping mall Bluewater with the price pitched at a bargain £200 million.
Fashion
Guess revenues climb 13%

Guess revenues climb 13%

The apparel retailer’s revenue for the third quarter ended October 30, 2021, totaled $643.1 million, up 13.0% from $569.3 million in the prior-year period. In constant currencies, growth was 12.8%.
Fashion
Nordstrom warns of supply shortages as holiday season approaches, shares plunge

Nordstrom warns of supply shortages as holiday season approaches, shares plunge

Nordstrom Inc said labor costs pinched its quarterly profit and warned of product shortages at its off-price stores heading into the holiday season, sending its shares down 23% in extended trading on Tuesday.
Fashion
Gap swings to loss as sales suffer from supply chain disruptions

Gap swings to loss as sales suffer from supply chain disruptions

The San Francisco-based lifestyle retailer announced a net loss of $152 million, or $0.40 per diluted share, for the third quarter, on Tuesday, as the company struggled with ongoing global supply chain issues.
Fashion
Employees of India's Future Retail urge top court to clear asset sale in Amazon dispute

Employees of India's Future Retail urge top court to clear asset sale in Amazon dispute

Employees of India's Future Retail have asked the Supreme Court to allow the company to sell its retail assets and rule against Amazon.com Inc in an ongoing dispute, citing risks to 27,000 jobs. 
Fashion
Abercrombie & Fitch revenue growth driven by domestic sales in Q3

Abercrombie & Fitch revenue growth driven by domestic sales in Q3

The American fashion retailer reported Q3 net sales of $905.2 million on Tuesday, a figure that represented an increase of 10% compared to $819.7 million in the prior-year period, led by a 17% rise in the United States.
Fashion
Clearpay extends cross-border access to US for UK businesses

Clearpay extends cross-border access to US for UK businesses

​Clearpay is now offering UK retailers access to millions more shoppers. The Australian buy-now-pay-later financier has introduced another cross border trading option for its 6,000+ UK merchant partners.
Fashion
Central London, regional cities see fastest footfall rise as season's festivities begin

Central London, regional cities see fastest footfall rise as season's festivities begin

It’s official: the Christmas trading period has begun in Britain. Week-on-week footfall to UK retail destinations rose faster than it had done in previous weeks across the latest seven days (14-21 November), rising 4.1%.
Fashion
American Eagle Outfitters (AEO) holiday inventory balloons, sales impress

American Eagle Outfitters (AEO) holiday inventory balloons, sales impress

American Eagle Outfitters said on Tuesday its inventory levels jumped ahead of the holiday season as it spent more on freight to overcome supply-chain disruptions, after posting better-than-expected quarterly results.
Fashion
With U.S. inventories tight, 'Black Friday' drags through November

With U.S. inventories tight, 'Black Friday' drags through November

Facing scarce year-end inventories and a shortage of workers, retailers are turning "Black Friday" into a month-long event.
Fashion
M&S expands brand ownership, buys stake in Nobody's Child

M&S expands brand ownership, buys stake in Nobody's Child

​M&S is going all out to expand its brand offer and its latest move is to buy a 25% stake in Nobody’s Child for an undisclosed price and it’s “evolving its partnership” with the business.
Fashion
Google links with Stella McCartney, Textile Exchange to boost sustainable sourcing

Google links with Stella McCartney, Textile Exchange to boost sustainable sourcing

​Google is aiming to help the fashion industry become more sustainable and has linked with Stella McCartney, The Textile Exchange and the World Wide Fund for Nature on the Global Fibre Impact Explorer tool.
Fashion
Coats Group in full recovery mode as revenue rises

Coats Group in full recovery mode as revenue rises

​Threads giant Coats Group seems to be bouncing back from the pandemic with the company on Tuesday saying that in the three months to the end of October, its organic revenue was 6% higher than the same period in 2019.
Fashion