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Sephora to open second Manchester store this summer

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6 hours ago

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February 13, 2025

Sephora continues to build its UK store portfolio with Manchester seen as a strategic part of its plans, warranting a second city store.

The French beauty giant said following “the immense success” of its Northern debut last spring with the opening of its first store outside of London at Manchester’s Trafford Centre, a second in is now scheduled for Manchester Arndale, the largest inner-city shopping destination.

The opening will become Sephora’s 10th UK store and follows other 2025 debuts at Liverpool One and Sheffield’s Meadowhall Shopping Centre.

Sarah Boyd, managing director, Sephora UK, said: “Manchester showed us phenomenal support when we opened our first store in the region, which blew away all our expectations. We are thrilled bringing a second beauty playground to our customers in this vibrant and culturally rich city, allowing us to reach even more shoppers with a city centre location at Arndale.

“We already know there is strong appetite from beauty enthusiasts in Manchester as we saw over 2,000 eager customers queue on our opening day last year, and we look forward to recreating the same energy at Arndale and to continue providing an unparalleled beauty experience like no other.”

Steve Gray, head of European Retail Asset Management at Global Mutual, joint asset managers alongside M&G Real Estate, added: “Sephora is an excellent addition to the Manchester Arndale line up as it cements our position as the go-to destination for beauty and fashion brands. The arrival of Sephora continues the strong momentum of international brands selecting Manchester Arndale as they expand their UK retail footprint. This highlights the confidence these retailers have in Manchester Arndale’s continued strong performance and how we continue to attract shoppers from across the North West and beyond.”

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Fashion

Unibail-Rodamco-Westfield tops 2024 financial target

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28 minutes ago

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February 13, 2025

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By

AFP

Translated by

Nicola Mira

Published



February 13, 2025

On Thursday, commercial real estate giant Unibail-Rodamco-Westfield (URW) reported a positive recurring net result, its benchmark financial indicator, of €1.47 billion, up 4.5% and exceeding the target set by the group.

Unibail-Rodamco-Westfield

The Westfield owner has reduced its financial debt to €19.5 billion, and generated €1.6 billion through asset disposals since January 2024, including the sale of the stakes it held in the Westfield Forum des Halles shopping mall and the Trinity office tower at La Défense in Paris.

In a conference call, URW CEO Jean-Marie Tritant hailed the group’s “excellent financial results” in 2024, notably the increase in net rents received in all of its business sectors: rents received were up by 5.8% in shopping malls, by 14.4% in office properties, and by 21.3% in convention and exhibition facilities.

In shopping malls, which account for the main share of the rents received by URW, the vacancy rate fell to 4.8%, its lowest level since 2017, while visitor attendance increased by 2.6% and retailers’ revenue by 4.5% compared to 2023.

EBITDA increased by 6.9% over 2023, reaching €2.35 billion.

Adjusted recurring earnings per share, URW’s benchmark profitability indicator, rose by 2.4% to €9.85 per share, above the target set between €9.65 and €9.80 per share.

In the last four years, URW has divested €6.4 billion worth of assets as part of its strategic transformation, a plan that Tritant described as “successful,” leading the group to decide to “retain our high-performing flagship assets in the US.”

URW will propose to pay a dividend of €3.50 per share.

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FatFace returns to Jersey for first time since 2021

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59 minutes ago

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February 13, 2025

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February 13, 2025

FatFace is heading back to the island of Jersey. After closing its standalone store in 2021, the British fashion/lifestyle retailer returns with a 1,978 sq ft store on King Street, St Helier, this month.

FatFace

It opens in time to deliver the brand’s new spring collection as well as “iconic items from its core range”.

The St Helier location will create five new jobs and the stores director for FatFace said King Street is a prime location, “and this store represents our commitment to serving our loyal Jersey customers with a vibrant and welcoming shopping experience”.

The brand, which operates 189 UK stores, six in the Republic of Ireland, and over 20 stores in the US, began 2025 on a strong promotional footing, taking on a “transformative” three-year lead brand sponsorship of professional netball team London Pulse to “power of female sport, style, community and inclusivity”.

This year will see the FatFace brand emblazoned on the team’s shirts, gaining televised exposure via Sky Sports and BBC Sport coverage of the Netball Super League, where the partnership “will elevate the visibility of netball and FatFace to diverse audiences across the UK”.

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Stradivarius signs at Metrocentre with 10,000 sq ft regional debut

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1 hour ago

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February 13, 2025

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February 13, 2025

Inditex-owned fashion brand Stradivarius has signed to open at Newcastle’s Metrocentre, marking the brand’s first location in the North East. And for the centre’s operator, Sovereign Centros/CBRE, its impending arrival further underscores the destination’s “regional dominance in attracting the latest and most sought-after fashion brands”.

Stradivarius will open a near-10,000 sq ft space on its lower Red Mall this summer, just along from sister brand Zara while complementing the area’s already strong line-up of fashion retailers, including Reiss, Mango and the newly refurbished River Island.

The centre’s operator said Metrocentre welcomed 15.8 million visitors in 2024, a 10% increase compared to the previous year. Nearly 300,000 sq ft of deals were also completed in the last 12 months, driving a 9.2% year-on-year footfall uplift so far this year.

The strong growth in visits “reflects the centre’s ongoing success in attracting new brands while supporting the expansion of existing tenants, cementing its dominant position within the North East and contribution to the national retail landscape”, it noted.

Ben Cox, director at Sovereign Centros from CBRE, Asset Manager of the Metrocentre, added: “Stradivarius signing for this regional debut is a huge statement for Metrocentre, confirming its appeal as the premier retail destination in the North East. Inditex’s decision to bring another of its leading brands to Red Mall showcases our ability to deliver the best in fashion experiences to our growing and increasingly loyal customer base.”

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