​Burberry is entering “the next phase”, the luxury company said when delivering its interim results on Thursday, with still-new CEO Jonathan Akeroyd preparing for an evolved approach under Daniel Lee.

Burberry's new chief executive Jonathan Akeroyd will on Thursday set out his plan to finish the job started by his predecessor: boosting growth at the British luxury brand to the levels of its European rivals.

Meta Platforms Inc's Instagram said on Monday it was looking into an issue preventing thousands of its users from accessing the photo-sharing application.

​Harrods’ results for the year to the end of January, showed the company recovering from the pandemic, despite ongoing issues related to the global health crisis during the period.

An influential Parliamentary committee has slammed the Government's decision to not reintroduce VAT-free shopping for tourists, calling it a "spectacular own goal". There are now calls for an independent assessment.

Brushing off higher prices, affluent spenders are continuing to splash out on luxuries including $10,000 handbags and high-end perfumes, trading updates from Hermes, Kering, and L'Oreal showed on Thursday.  

​The reopening of Battersea Power Station (BPS) as a supermall and leisure destination last Friday resulted in a surge of visitors who added up to more than a quarter of a million people over the opening weekend.

The company specialising in fashion and luxury experiences is opening its eighth shop in Puerto del Carmen in order to boost the island's potential and its own business, which already generates a turnover of €20 million.

​In a massive blow to the retail sector, the UK's new Chancellor, Jeremy Hunt, has undone one of the most significant measures for retail of the now-notorious mini budget that had been unveiled in September.

Chinese short-video content platform TikTok is reportedly looking to rollout several fulfilment centers across the U.S., according to dozens of job postings on LinkedIn for roles in fulfilment.

The European Commission said on Friday e-commerce business Shopify has committed to put in place improvements aimed at making online shopping safer for customers, according to a statement.

The 2,200 square meter store is set to open its doors to the public on October 6, offering services such as item customization and repairs.

​Anecdotal evidence suggests that while the plunging value of the pound may be bad news, it has an upside. American tourists are taking advantage of the situation to book shopping trips to the UK.

Prisma Media, France’s leading magazine publishing group, will launch the French edition of U.S women's fashion magazine Harper's Bazaar next March, as the group announced in a press release on Tuesday.

​The UK retail euphoria around news that VAT-free shopping for tourists is returning and will include EU visitors has been tempered by suggestions it won’t happen until 2024. But retail is pushing for an earlier date.

​In what has been called a ‘mini budget’, the UK government on Friday not only said that it would bring back VAT-free shopping for tourists to Britain but that it would be a better system than the one abolished in 2021.