THG can’t seem to catch a break. After it reported strong figures in its latest update, its share price continued to plummet, down from over £3 each at the previous day’s close to less than £2.40 each in early trading.
Planning ahead to secure its Q3 supply chain has been a good move for value retailer Studio Retail Group’s stock position. Especially as 40% of its sales occur in the critical Black Friday and Christmas quarter.
Ikea has agreed to buy the iconic former flagship store of British fashion chain Topshop in London's Oxford Circus from the administrators of bankrupt owner Arcadia Group, part of its push to open inner-city outlets.
Under-pressure THG issued a Q3 trading statement on Tuesday and said that revenue continues to soar. Group revenue rose 38% year-on-year to £507.8 million and 93.8% on a two-year, constancy-currency basis.
US retail giant JCPenney has a new CEO and has named Marc Rosen to the post, effective November 1. And Stanley Shashoua, chief investment officer at the firm’s owner, Simon Property Group, becomes executive chairman.
It’s no surprise that another UK consumer confidence indicator (released Monday) was negative and the outlook for Christmas spending's weak as prices rise. But at least it wasn't as bleak as Friday's assessment by GfK.
In an iconic travel setting, Orient Express and Au Départ showed off their chic partnership collection this week inside a luxury passenger carriage, as the luggage brand gathers momentum in France and abroad.
Harvey Nichols Leeds is fast-approaching its 25th birthday. And to mark the Yorkshire department store’s silver anniversary, it’s hosting of series of special events on and around the key 23 October date.
It was all looking so much better in July. UK consumer confidence has since taken a battering with the financial pulse of the nation dropping for third month in a row in October, according to GfK’s latest figures.