British shopping centre operator Hammerson has collected just 41 percent of rent due for Q1 as retailers continue to struggle to make payments. Breaking it down by country, 41 percent of rent due has been paid in the UK - 36 percent at flagships and 64 percent at retail parks - while France and Ireland […]

In celebration of its 10th anniversary, Spanish sustainable fashion brand Ecoalf has announced a new Madrid flagship and said it is branching out into homeware. Located in the Santa Bárbara Palace, the 350 square metre store has been designed with sustainability in mind. The entire space uses natural […]

Saks Fifth Avenue has debuted its 'Barneys at Saks' retail experience in its New York flagship, after gaining licensing rights for the retailer back in 2019. This marks the first time Barneys has occupied brick-and-mortar retail space since the closure of its stores at the beginning of 2020. Authentic […]

Some 400,000 jobs could be lost across England’s high streets post-Covid as an acceleration of online shopping and new work-from-home habits are expected to drive down footfall, new research suggests. According to a report by KPMG, a drop in commuter flow in England could range from over a tenth to […]

Mango has announced it will branch into homeware, with its first collection set to launch in April. The Spanish fashion retailer said the collection will draw inspiration from Mediterranean lifestyle and culture, and will include bed linen, duvet covers, cushions, blankets, towels, bathrobes, candles […]

Italian luxury label Versace has opened the doors of a new boutique on Zurich’s exclusive shopping avenue Bahnhofstrasse. The two-story boutique spans 204 square meters and houses the label’s women’s and men’s ready-to-wear and accessories collections. The store’s interior, designed following the concept […]

The British Property Federation (BPF) has written to the government urging it to overhaul UK insolvency rules. In a letter to corporate responsibility minister Lord Callanan, the group warned that the flexibility of the UK’s insolvency framework had led to an “abuse” of CVA processes which disproportionately […]

While Covid-19 lockdowns saw a slow start to luxury sales in China last year, spending on luxury “rebounded strongly,” with China’s market share of the global luxury market nearly doubling in 2020. According to the first joint research report by Bain and Company and Tmall Luxury Division, growth for […]

Topshop’s London flagship at 214 Oxford Street is closed for good, with the building it's housed in having been put up for sale. The sale of the store is being managed by agents Savills and Eastdil, the BBC reports. The three-storey building has been a retail icon since opening back in 1994, living […]

UK chancellor Rishi Sunak has announced a new 4.6 billion pound Covid relief package that will see businesses in the retail, hospitality and leisure sectors receive a one-off grant of up to 9,000 pounds. The new lockdown grants, which alone are worth 4 billion pounds, will be provided on a per-property […]

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