LVMH, the world’s biggest luxury goods group, said sales momentum picked up in June and had especially improved in China, after store closures sparked by the pandemic tore a hole in the Louis Vuitton owner’s Q2 sales.
City-centre shops and malls lost their lustre during the pandemic, but as lockdowns ease across Europe many stores in and around residential areas stand to benefit as consumers remain reluctant to venture far from home.
Already dominated by Popshop Live and Amazon Live, the video shopping market has recently gained a new contender, and it's a heavy hitter: Google has entered the ring with Shoploop, its own dedicated mobile app.
The social network beloved by Gen Z has announced the establishment of a fund of $200 million to pay successful U.S.-based creators, further revealing that this financing is set to increase in the future.
Official data on Friday showed that June’s retail sales volumes rose 13.9% month-on-month in June “as non-food and fuel stores continue their recovery from the sharp falls since the start of the pandemic”.
John Lewis’s plan to close its Birmingham department store has pitted its current chairman Sharon White against former boss Andy Street, who oversaw the location’s opening and is now the city's mayor.
The UK government’s latest decision to postpone its business rates revaluation once more has been criticised by property specialists who have repeated their calls for fundamental reform of the system of property taxes.
E-tail giant eBay has sold its Classifieds Group that includes Gumtree, its UK-based business, to rival Adevinta. The $9.2bn deal sees the Oslo-based firm paying $2.5bn in cash and eBay gets a 44% stake in the new owner.