Adidas is set to more than double the production of shoes made out of recycled plastic waste this year. The company plans to up its range in collaboration with Parley for the Oceans from five million in 2018 to 11 million this year. Parley for the Oceans collects waste form beaches and...
Patisserie Valerie has collapsed into administration after the fall through of rescue talks with banks. Administrators KPMG will close 70 outlets immediately. The remaining 121 will continue to trade with the hopes of finding a buyer. According to the BBC, up to 900 of the 3,000 staff will face redundancy. In October, the...
Footlocker has made a $2 million investment into Pensole Inc. which operates Pensole Footwear Design Academy. The two companies will collaborate on new educational programs as well as the design and manufacturing of exclusive products for Footlocker. Pensole was founded by former Jordan design director D’Wayne Edwards to bring new designers into...
Hotel Chocolat reported a group revenue increase of 15% year-on-year over the Christmas trading period. The company’s retail, online and wholesale channels all experienced growth in the 13 week period to December 30th. The retailer opened 15 new stores in the second half of 2018, taking their total UK store portfolio to 117. Angus...
Marks & Spencer has launched a new photo search feature on its mobile website. The new feature, called Style Finder, enables customers to upload an existing photo or take a new one of an outfit, and help the locate similar products form the M&S range in less than 10 seconds. Style Finder...
Dixons Carphone has described its Christmas trading as ‘solid’ following a 1% uplift in group like-for-like revenue. UK and Ireland electrical like-for-like sales rose by 2% in the 10 weeks up to January 5th. The retailer has put this strong performance down to good sales in the TV, gaming, smart tech,...
Arcadia could be set to close a further 100 stores as leases on the units run out in late 2020. This would follow 200 store closures since 2016. Many of the leases were signed in the 90’s and cover all of the company’s brands, including Topshop/Topman, Miss Selfridge, Dorothy Perkins, Wallis,...
Musclefood has named Gareth Jones as its new chief executive officer. Jones’ previous roles include deputy chief executive of Shop Direct and Chief Executive for Missguided. He will take over from Musclefood founder Darren Beale as soon as he takes up his new part time non-executive role. Commenting on the appointment, Beale...
The Entertainer has reported an uplift in sales over the Christmas period. In the five weeks leading to December 29th, total sales were up by 22.4%. Saturday 22nd December was the company’s biggest trading day of the period. Like-for-like sales climbed by 13.5% across the five weeks, with in-store like-for-like sales were...
Sports Direct founder Mike Ashley has placed a bid to buy HMV. HMV fell into its second administration in six years last month, placing 2,200 jobs at risk. Ashley has also recently purchased House of Fraser and Evans Cycles. His company also owns stakes in French Connection and Debenhams. Hilco, who saves HMV out...
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