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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
Scotch & Soda opens flagships in London, Copenhagen

Scotch & Soda opens flagships in London, Copenhagen

​Scotch & Soda has continued its major store opening programme and in recent weeks has opened two new spaces in London and one in Copenhagen.
Fashion
Nathalie Berger Duquene appointed global general manager of Balmain Beauty

Nathalie Berger Duquene appointed global general manager of Balmain Beauty

The American cosmetics group Estée Lauder is continuing to expand the team of its latest beauty license, Balmain, and has promoted Nathalie Berger Duquene to global general manager of Balmain Beauty. 
Beauty
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
Skin whitening products remain popular in Cameroon despite risks

Skin whitening products remain popular in Cameroon despite risks

Many of the products have never been scientifically tested and contain dangerous levels of chemicals that inhibit the production of melanin, a substance produced in the body by exposure to the sun.
Beauty
BFC's delayed London Fashion Week mega celebration to start on 6 October

BFC's delayed London Fashion Week mega celebration to start on 6 October

​With LFW’s celebratory angle having been on hold due to the death of the Queen in September, the British Fashion Council has now unveiled a “city-wide celebration” that’s set to kick off on 6 October.
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
Browns East closes with Brook Street in West End now the main focus

Browns East closes with Brook Street in West End now the main focus

​Browns has closed its much-talked-about Browns East branch in Shoreditch with the retailer saying the branch had originally been planned as a pop-up in 2017, but “was so successful that we stayed the course for longer”.
Luxury
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
Pierre Fabre appoints new managing director of its dermocosmetics and personal care division

Pierre Fabre appoints new managing director of its dermocosmetics and personal care division

The Pierre Fabre group has just appointed Frédéric Ennabli as managing director of its dermocosmetics and personal care division, which includes brands such as Klorane, Avène and Ducray.
Beauty