A 0.6% dip in weekly spending at John Lewis Partnership to just over £206 million was largely accounted for by a drop in sales at the John Lewis department store chain and webstore, the company said on Tuesday.
The UK subscription box market continues to go from strength to strength and the latest report on the sector, from parcels carrier Royal Mail, said it should reach a total value of £1 billion by as soon as 2022.
Fashion retailers Joe Browns and N Brown are linking up to extended their product offer in the homewares sector, a super category that has proved increasingly appealing to fashion specialists in recent periods.
A major investor in London department store Liberty is exploring a sale of its stake in the business, according to a report, with private equity company BlueGem having “asked UBS to sound out prospective bidders.”
The department store chain has announced that it will open a luxury cannabis lifestyle concept, The High End, at its Beverly Hills flagship in March, the first initiative of its kind launched by a major US retailer.