Hermès had a good first quarter as all of its business lines returned to growth and the company said it saw "a remarkable increase" in ready-to-wear and accessories, as well as watches and other categories.
As retailers and their landlords pull out all the stops in order to attract as many shoppers as possible back into their stores, landlord Shaftesbury has relaunched an initiative in the Seven Dials area.
John Lewis Partnership may be closing some of its department stores, but it's also investing in its flagship properties and it's about to start renovating the facade of its Peter Jones store in London’s Chelsea.
Hammerson is to slash rents for its retail tenants by around 30% as UK stores reopen post-Lockdown 3. UK & Ireland MD Mark Bourgeois said that “typically, we're resetting our rents to more affordable levels”.
Studio Retail is no longer for sale. The company has received plenty of interest in the business, but said its recent strong trading suggests that it can create greater value for shareholders as a pureplay retailer.
With European populations slowly but surely being vaccinated, designers on the Continent are suddenly expressing a new optimism. Few more so than Demna Gvasalia of Balenciaga in Balenciaga's winter 2021 pre-collection.