Moonpig Group has said it now expects revenue for the year to 30 April to be around double the £173 million it generated in the previous 12 month period. In a statement, Moonpig said it experienced strong demand in the first half of the year which continued throughout its third quarter....
Online fashion retailer Zalando is to welcome new shareholders after Swedish investment company Kinneviktook the decision to distribute all its shares to its investors. The news comes more than ten years after Kinnevik’s first investment into Zalando. With a 21% stake, the firm is the retailer’s biggest investor. Rubin Ritter, Zalando co-chief...
Adidas has decided to begin a formal sales process for Reebok as part of its new five-year strategy. In a statement, the sportswear brand said it intends to focus its efforts on further strengthening the position of the Adidas brand in the global sporting goods market. Adidas chief executive Kasper Rorsted said:...
The move is part of the supermarket’s commitment to halve the use of plastic packaging by 2025. Sainsbury’s said the new pancake cartons are likely to save a total of 25 tonnes of plastic every year. Ahead of Valentine’s Day, Sainsbury’s also recently cut the amount of plastic packaging for steaks...
Burberry has voluntarily agreed to repay around £6m in business support to the Treasury, following the business rates holiday designed to help businesses navigate through the impact of the pandemic. According to the Sunday Times, the retailer has also repaid a £300m loan from the Bank of England, in a move...
Asda is to donate £2 million to small businesses to help fund around 400 apprenticeships across the UK. Apprenticeship Levy is paid by large businesses and as part of that proposal, Asda has decided to transfer a portion of its annual funds to enable apprentices to train in small businesses. The funding...
John Lewis department store is donating nearly 5,000 items of warm clothing to families in need due to this week’s cold weather. The items are being distributed through the retailer’s charity partner Home-Start in ten UK locations. John Lewis will donate clothing from its babywear, childrenswear, womenswear and menswear product ranges to...
Fashion and homewares retailer Anthropologie has hired Matt Hilgeman as its managing director. Hilgeman previously worked for over five years with Boden where his most recent role was global chief product officer and US country general manager. Prior to that, he worked with American Eagle Outfitters, Garage, Levi’s and Abercrombie...
Furniture Village has launched a new 3D virtual showroom called Virtual Village. The showroom aims to offer shoppers a fully immersive shopping experience where they are invited to browse accompanied by expert advice, which comes live from the shop floor via phone, LiveChat or video call. Customers can ‘walk’ around the...
Amazon has announced that chief executive and founder Jeff Bezos is step down from his position and become executive chairman of the business instead. He will move to the role in the third quarter of 2021 and will be succeeded as chief executive by Andy Jassy, who is currently leader of...
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