Beauty

SYKY has launched a short-form online publication led by Nicola Formichetti. It's “an extension of the mission to bring the future of a fully digital, physical, and augmented reality of fashion to life”.  

​January is a major month for launching activewear collections and edits. And H&M's new Good Move edit reflects this while also incorporating the retail giant’s beauty and interiors offer too.

Patrick will be presented with The Parsons Table Award, which recognizes individuals who have made significant contributions to the design industry.

​UK retail is bracing for a tough 2025 as 2024 closed with the news around 13,500 stores closed last year, a rise of 28% on 2023, according to Centre for Retail Research (CRR).

​After a strong performance throughout 2024, UK shopping centres ended the year with a flourish topping the footfall list of places to shop in December.

Job losses in UK retail topped almost 170,000 this year after the collapse of major high street chains, according to data from the Altus Group/Centre for Retail Research.

​Barclays has released UK data looking back at 2024 and perhaps the key point is that while clothing stores’ transaction volumes grew 3%, spend growth was nowhere to be seen with spend down 0.2%.

A number of business leaders — including the CEO of Chanel and the fashion chief at M&S — have been honoured by the King in the New Year’s Honours for “innovation, excellence and leadership in growing the UK economy”. 

​Retailers work hard to ensure consumers have the products they really want put in front of them, but shoppers continue to return a large percentage of the goods they buy and worse still, returns fraud is on the rise

​It may not be headline news, but Zalando has commissioned new research to highlight the impact it makes on Europe’s economy and the numbers it has come up with are impressive.

​Accounts for the companies that own and operate the David Beckham brands and businesses showed another successful year in 2023.

Perfect Corp has acquired Farfetch’s Wannaby operation — known as Wanna to its consumer users — as it continues to expand its fashion and beauty tech offering.

​Space NK's accounts for the year to the end of March showed that the company is thriving as both sales and profits jumped, with all parts of the business doing well.

​Footfall figures have already suggested the hoped-for pre-Christmas rush happened but wasn’t as frantic as hoped and now more data tell us the appetite for post-Christmas sales isn’t as great as expected either.

​Retailers continue to struggle and the number in critical financial distress was up 25% in the latest quarter compared to the three months before it, according to insolvency specialist Begbies Traynor.

​While there have been warnings on a weak retail performance this Christmas, not all reports are downbeat.