The shopping centre operator of Westfield has unveiled their vision for the shopping centre of the future by releasing a series of images to show what shoppers can look forward to in 2028. The concept is called ‘Destination 2028’ and is depicted as a hyper-connected micro-city, driven by social interaction and creating its...
The 2018 Council of Fashion Designers of America (CFDA) Awards happened on Monday night. The ceremony is held to acknowledge those who perform best at a variety of fashion categories. Supreme won the award for Menswear Designer of the Year, beating out fellow nominees Virgil Abloh for Off-White, Thom Browne, Tom Ford, and Raf Simons for Calvin...
Chocolatier Hotel Chocolat have repaid all of the £6.4 million of debt borrowed from its customers in the form of what they call 'chocolate bonds'. Around the time of 2010 and 2014, a subsidiary of the group called Chocolate Tasting Club issued two bonds which paid a return in the form of luxury...
House of Fraser have confirmed their intention to put forward proposals for a Company Voluntary Arrangement this month following what they have said is an inaccurate and unhelpful media speculation. In a statement, House of Fraser said: “This is entirely consistent with the statement made on 2 May. It also continues to be...
Mothercare has confirmed plans to raise £28m through issuing new shares as part of a rescue plan. The rescue plan is being carried out through a company voluntary arrangement, which Mothercare said had been approved by the required majority of creditors....
A John Lewis department store and Waitrose supermarket are to anchor a new £1.4 billion redevelopment of Croydon’s retail town centre. Craig Inglis, customer director at John Lewis, said: “We are delighted to be opening a new full-line department store in the newly developed centre, offering the services and products for...
The head of the Channel Islands' biggest retailer are warning that removing GST from food could lead to price rises elsewhere. It comes after retailer Alliance promised to bring the prices of many of its items down to match the UK. Andrew Bagot, Managing Director of Alliance, said he hoped the move would prompt...
With Asda being taken over by larger rival Sainsbury’s they have revealed a 10% slump in annual profits for 2017. They have blamed price cuts for the decline in pre-tax profits as it’s regrouped to fight back against the discounters Aldi and Lidl. Pre-tax profits fell from £791.7m in 2016 – which was its worst performance since it...
John Lewis sales have risen by 3.4% year-on-year last week as shoppers bought products over the bank holiday weekend. Electrical and home technology sales increased by 5.6%. Sales of electrical products were also up due to strong demand for vacuum cleaners and televisions. Sales were also up 3.4% as womenswear accessories had a...
The Royal Wedding and the FA Cup have bumped up sales of burgers, sun cream and non-alcoholic beer, with shoppers splashing out £415m on the Friday before the event. The grocery market rose by 2.7% in the three months to 20 May, up from 2% reported a month ago, according to Kantar Worldpanel. “The sun...
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