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Quintessentially mulls speedy sale, appoints advisor - report

Quintessentially mulls speedy sale, appoints advisor - report

​UK-based luxury concierge service Quintessentially is contemplating a sale, according to reports. The business is looking at several options with hopes of securing a speedy deal.
Luxury
UK footfall drops in latest week, London suffers most

UK footfall drops in latest week, London suffers most

​City centre retail destinations may not have actually been deserted in the latest week, but with advice to work from home still in force, footfall to those locations was down by a big percentage in the seven days.
Fashion
Oxford Street remains Europe's busiest shopping hub, Regent Street top luxury attraction

Oxford Street remains Europe's busiest shopping hub, Regent Street top luxury attraction

​London continued to be the shopping capital of Europe in 2021, according to a new report by BNP Paribas Real Estate, with Oxford Street, Regent Street and Covent Garden all scoring highly in terms of visitor numbers.
Fashion
B2B marketplace Ankorstore gets new funding and 'unicorn' status

B2B marketplace Ankorstore gets new funding and 'unicorn' status

​Ankorstore, which says it’s Europe’s fastest growing B2B marketplace, has announced a Series C funding round that has brought in an extra €250 million investment.
Fashion
Hotter owner starts transformation with new name and category expansion

Hotter owner starts transformation with new name and category expansion

​The owner of Hotter Shoes is gearing up for a transformational year as it changes its name, relists on a new exchange and moves into new categories such as clothing, as well as adding third-party brands.
Fashion
Selfridges UK stores saw revenues falling 40% in first pandemic year

Selfridges UK stores saw revenues falling 40% in first pandemic year

​Selfridges Retail Limited has filed its full accounts for the year to the end of January 2021 and they show the devastation that the pandemic wreaked in what should have been another good year for the company.
Luxury
Irish retail sales growth slows, fashion stays buoyant

Irish retail sales growth slows, fashion stays buoyant

​Irish retail sales continued to rise in November but growth was slower than it has been, although fashion remained a key category for Irish consumers.
Fashion
Cheshire Oaks, Swindon Designer Outlet bought by LaSalle for £600m

Cheshire Oaks, Swindon Designer Outlet bought by LaSalle for £600m

​Billed as one of the biggest commercial property deals in recent years, two designer outlet malls in England have been sold for £600m. Cheshire Oaks and Swindon Designer Outlet have been bought by LaSalle.
Luxury
Next shines at Christmas as sales beat expectations

Next shines at Christmas as sales beat expectations

​Next has reported full-price sales up as much as 20% in the eight weeks to Christmas Day, compared to 2019. It's good news for the fashion retail giant that sold products adding up to £70m more than it had expected.
Fashion
​Household borrowing leapt in November as UK consumers spent big on credit cards

​Household borrowing leapt in November as UK consumers spent big on credit cards

It appears Britons were either preparing for a bumper Christmas season or offsetting rising prices as borrowing in November, especially on credit cards, jumped to its highest level since July 2020.
Fashion
Consumer confidence linked to price rises; ​spending focus is value, quality, convenience

Consumer confidence linked to price rises; ​spending focus is value, quality, convenience

Value, quality, and convenience are the top three purchasing considerations for 2022, especially in the face of rising prices, a KPMG consumer confidence survey shows. Sustainability will also be key when buying goods.
Fashion
Marimekko buoyant as sales and profits rise, but pandemic uncertainty remains

Marimekko buoyant as sales and profits rise, but pandemic uncertainty remains

​Marimekko’s latest results for the nine months to the end of September showed that the firm’s sales and profits are continuing to rise.
Fashion
Social media shopping to hit $1.2trn within three years - Accenture report

Social media shopping to hit $1.2trn within three years - Accenture report

A new study from Accenture says the $492bn global social commerce industry is expected to grow three times as fast as traditional e-commerce to reach $1.2trn by 2025, with fashion the key category. 
Fashion
London footfall rises on New Year's Eve but UK-wide challenges remain

London footfall rises on New Year's Eve but UK-wide challenges remain

After some disappointing footfall figures for UK retail in the days leading up to Christmas and just after it, there appears to have been a hint of a recovery in recent days.
Fashion
UK consumer spending up in 2021, fashion and beauty rose faster - report

UK consumer spending up in 2021, fashion and beauty rose faster - report

​Consumer spending in 2021 was characterised by the continued growth of online and a bigger focus on sports and home improvement spending, a new report from Barclaycard has shown.
Fashion
Stockmann raises cash with department sale-leaseback deals

Stockmann raises cash with department sale-leaseback deals

​Finnish retail giant Stockmann has struck a deal to sell its department store properties in Tallinn, Estonia and in Riga, Latvia to Viru Keemia Grupp (VKG). 
Fashion