New figures have shown that retail footfall declined month-on-month in July despite a rise generated between the second and third week of the month when Covid-19 restrictions were lifted. The data from retail specialist Springboard reveals that footfall worsened over the month as a whole to -24.2% in July from -22.2%...
New Look has revealed that its first quarter revenue climbed by 181.7% to £194.4 million from the corresponding period in the previous year after lower footfall was offset by improved sales conversion rates. During the quarter ending 26 June, ecommerce sales rose by 3.8% compared to the first quarter in 2020...
Wolverine Worldwide has acquired the Sweaty Betty fitness and lifestyle brand in a $410 million deal. Founded in 1998 by Tamara and Simon Hill-Norton, Sweaty Betty is known for its on-trend tops, bottoms, swimwear, outerwear and accessories. With its products distributed around the world, over 80% of the brand’s revenue comes...
Fashion retailer Ted Baker has appointed Fumbi Chima and Meg Lustman as non-executive directors with immediate effect. Chima is currently working as chief information officer at BECU, the US-based credit union, and is also a non-executive director of Whitbread. Her career has also included senior roles at Adidas, Fox Network Group,...
Foot Locker is to acquire Japanese streetwear brand Atmos and US athletic footwear and apparel retailer WSS in separate deals worth approximately $1.1 billion. Atmos sells premium sneakers and apparel under an exclusive in-house label and has 49 stores around the world, including 39 in Japan. Foot Locker said the acquisition...
Greggs has returned to first half profit after the company benefited from the easing of Covid-19 restrictions in the period. In the six months to 3 July, Greggs posted a pre-tax profit of £55.5 million compared to a loss of £65.2 million in the same period a year ago. Meanwhile, total sales...
It has been reported by the BBC that Aldi has increased its wages for lorry drivers amid a chronic shortage of drivers across the industry. The supermarket chain confirmed the rise following similar incentives by grocers to attract HGV drivers. The lack of drivers has caused disruption and delays in various supply...
The owner of Michael Kors, Versace and Jimmy Choo has raised its annual forecast after its first quarter revenue and earnings significantly exceeded expectations. In a statement, Capri Holdings said full year revenue would be likely to come in at approximately $5.3 billion and that annual adjusted profit would reach around...
Selfridges has unveiled a new look for the outside of its Birmingham store with a public art commission by multi-disciplinary artist Osman Yousefzada. Famous for its bulbous blue shape and large silver disks, the building is now covered by a canvas featuring Yousefzada’s black and pink patterned design. Co-commissioned with Ikon Birmingham,...
Danish furniture retailer JYSK will have 24 shops in the UK when it opens the doors to its new store in Leeds next month. Due to launch on 26 August, the shop at South Retail Park on Tulip Street will generate 15 jobs for the local community. JYSK said the launch will...
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