The latest news
M&S is doubling down on brands strategy, sees £1bn potential
M&S is reportedly ready to dive even deeper into selling external fashion brands alongside its own label in a move that would take it even closer to a traditional department store model.
Backlash starts over John Lewis potentially changing staff ownership structure
John Lewis Partnership (JLP) has moved fast with reassurances that any outside investor s brought in won’t mean the end of the firm’s employee ownership model as criticism of what’s not even a definite plan has begun.
Bed Bath & Beyond announces reverse stock split plan, shares drop
Bed Bath & Beyond said on Friday it was seeking shareholder approval for a reverse stock split, sending the struggling retailer's shares 13% lower in extended trading.
Analysis: as John Lewis mulls ownership tweak, why is it lagging rival M&S?
Not so many years ago, John Lewis was unstoppable while M&S was in an endless turnaround phase. Today, the situation has reversed and John Lewis is even reportedly thinking of changing its prized ownership structure.
Revlon to emerge from bankruptcy in April, 2022 earnings take a dive
U.S. cosmetics giant Revlon Inc. revealed net sales for the year ended December 31 dropped 4.7% to $2.98 billion, as the bankrupt company swung to even wider losses in 2022.
Sway, Zerocircle, Notpla win Tom Ford Plastic Innovation Prize
The Tom Ford Plastic Innovation Prize winners were announced earlier this month at the Green Carpet Fashion Awards (GCFA).
Cosmoprof beauty show in Bologna to host 2,900 exhibitors from 64 countries
The beauty trade show will take place in Bologna, Italy, on March 16-24, and is back to pre-Covid numbers with exhibitors from 64 countries, 60% of them from Europe, visitors from 116 countries and buyers from over 50.
Recovering city centre retail footfall hit by transport strikes
Over half a million UK-wide workers striking on Wednesday was always going to be a massive challenge for retail. And latest figures showed related footfall dipped greatly, according to insight from MRI Springboard.
John Lewis losses grow, launches bigger costs-savings drive
When a results release starts with a message to the staff talking about “another very tough year”, you know it’s not going to be good and so it was with John Lewis Partnership on Thursday.
Luxury Stores at Amazon spring campaign focuses on sunshine-ready looks
Luxury Stores at Amazon — the web giant’s high-end branded offer — has just unveiled its spring campaign with a focus on the assortment of designer labels it now offers.
Vanessa Hudgens relaunches Know Beauty
Actress, singer, and entrepreneur Vanessa Hudgens announced on Wednesday the relaunch of Know Beauty with the debut of a new detoxifying clay face mask.
Coty lifts full-year guidance
Global beauty company Coty Inc. announced on Wednesday an update on its financial progress and guidance for fiscal 2023, as well as future growth opportunities.
Liverpool One outperforms in 2023
Liverpool One has begun 2023 where it left 2022… on a high. The city centre mall has bucked national trends since the start of the year, with a 16.5% uplift in sales compared to the same period in 2022.
UK Budget underwhelms, no new support for retail
The Spring Budget on Wednesday was never likely to deliver anything big for retail and it lived down to expectations. The industry welcomed some positive general developments but lamented the lack of flagship measures.
Hair salons among businesses most likely to close, but beauty salons are opening - report
UK hairdressing salons were high up the list of small independent business closures last year, hit the hardest by rising energy bills and falling consumer spending, according to a report by the Local Data Company.
John Lewis names non-exec Nish Kankiwala to new CEO role
It’s a big news week for John Lewis with its results due Thursday and a new concept store layout unveiled Tuesday. And Wednesday? Just the small matter of a new CEO.