Boohoo has confirmed that it has made a bid to acquire the online businesses of Karen Millen and Coast. Boohoo said that acquiring the online business for both brands ‘would represent highly complementary additions’. It also said that there is no guarantee that any deal would go through. Karen Millen was put up...
According to the Financial Times, Sports Direct could be set to close as many House of Fraser stores as the previous management had originally planned. Reports suggest that as many as two-thirds of the original 59 stores could close. Mike Ashley said last week that buying House of Fraser might have been...
Tesco has announced plans to cut around 4,500 jobs at its Metro stores. This comes as the retailer plans to ‘serve shoppers better’ in an increasingly competitive and challenging retail environment. Tesco currently operates 153 Metro stores, most of which are situated in high streets. In order to accommodate the cuts, the...
Ocado has completed the sale of 50% of its UK retail business to Marks & Spencer, marking the next step of the two company’s joint venture to enable M&S to offer and online grocery delivery service. Ocado will not begin to sell M&S products until September 1st next year, providing Ocado...
WH Smith has opened ‘The Bookshop by WH Smith’ concept at Gatwick Airports North Terminal. The store is the largest of WH Smiths 12 standalone bookshops in the UK, spanning over 170 square metres. The store will give offer customers books ranging from mass-market titles and children’s literature. It will also offer...
According to Sky News, Sports Direct International has become the preferred bidder for Jack Wills. Jack Wills has been seeking a buyer for the last month. A deal could be announced as early as Monday, although, one insider has said that nothing has been signed and the deal could still fall through. The...
Prada saw its net revenues rise by 2% to €1.57 billion in the first half of 2019. Sales in its retail channel were in line with the same period last year as trading was impacted by the decision to stop making seasonal markdowns. However, full price sales increased in the...
Pandora has said it is making good progress with its upcoming rebrand which will be unveiled later this month. Part of the company’s turnaround initiative, Programme NOW will be kicked off at an event in LA on August 28th before the new look is rolled out over the second half of...
Pets at Home has grown its like-for-like sales by 8% in its first quarter as it continued to expand the range of services it offers its customers. In the 16 weeks to July 18th, group revenue was up 9.9% to £303.4 million as retail revenue climbed by 8.7% to £266.4 million. Retail...
Zalando has experienced its strongest second quarter for active customer growth with an uplift of 15.2% to 28.3 million. Site visits also grew by 34.3% to 986.4 million, with 84% of them visits coming from a mobile device. Zalando chief financial officer David Schröder said: “More customers than ever before have chosen...
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