A retail heavy round-up today. Zara-owner Inditex delivers another increase in first-half sales as the world’s largest retailer continues its march towards further global expansion.
The Chinese owner of John Lewis stumps up £25m to boost the department store group’s “transformation plan” and improve trading amid steep first-half losses.
And shop-happy consumers boost the prospect of an interest rate rise by smashing spending expectations last month, according to the Office for National Statistics.
For more variety in your news this morning, catch up on the Financial Times Property Special.
It looks at how London’s commercial property sector has defied Brexit doomsayers, how tech occupiers are remaking the capital’s office map and Camden Lock’s transition from punk to profit under the ownership of Israeli entrepreneur Teddy Sagi, and more.
Zara owner Inditex puts its best foot forward
Owner hands House of Fraser £25m boost
Shop-happy consumers boost prospect of interest rate rise
Former BHS owner didn’t get summons as was ‘on a boat’
London’s commercial property market defies doomsayers
Tech players break ground on HQ sites around London
London’s Camden Lock fights to keep its countercultural edge
Buy-to-let investors in London face a financial squeeze
Luxury shops in London benefit from a sharp fall in sterling
