Farfetch has purchased streetwear market place, Stadium Goods, for a total value of £250 million, which will be payable via cash and shares. The move is set to give Farfetch larger access to the men’s streetwear market. Stadium Goods will continue to operate as a standalone brand on the Farfetch platform, and...
Marks & Spencer has appointed former Sainsbury’s chief executive, Justin King, as its new non-exec director. King will begin his role on January 1st, and will also join the retailers nomination committee. King stood down from his role at Sainsbury’s in 2014, after over 10 years in the position. He previously worked at...
Sainsbury’s and Asda have asked the Competitions and Markets Authority for more time to provide all of the evidence regarding their proposed merger. In a statement, the two retailers said that the current timescale wouldn’t give them or the CMA enough time given the scale and complexity of the case. They have asked...
H&M is set to open a second London H&M Home concept store. The store, which is set to open next spring, will be around 700 square metres across two floors and on Regents Street. It will offer the full H&M HOME range including the brands newly launched collection of furniture and lighting. Anders...
Julian Dunkerton, Superdry co-founder has criticised the retailer’s strategy, as he continues his campaign to return to the company. Dunkerton expressed concerns about the company’s business direction to Wayne Brown, an analyst at Liberum and formerly the head of investor relations at Superdry. He claimed that he quit the board back in...
Footasylum has increased its email revenue by 28% via the use of artificial intelligence. The company has been looking at ways to drive revenues using AI to create a more personalised experience for shoppers. They are currently working with AI company, Peek. Footasylum has said that the partnership with Peek allows them...
Carpetright has reported a pre-tax loss of £11.7 million in the first half of its financial year as it continues to work through its restructuring plans. The loss rose from £0.6 million in the same period last year. In the first six months up until 27th October, the company made an underlying EBITDA...
JYSK has opened the first of their six planned stores in Thailand today. It has plans to open 30 stores in the country over the next five years. The store will operated by its local franchise partner, Boonthavorn Group. The store is in the brands city format. Frederik Kåre Kroun, franchise director at...
Amazon is planning to open a checkout free store in Oxford Circus as part of the International rollout of Amazon Go. The company is looking at sites close to Oxford Circus to house the flagship for its Go brand, according to The Sunday Telegraph. Amazon opened their first Go store in Seattle...
Flannels has been granted £125,000 in business rates relief by a local council to prevent the site remaining derelict. The company purchased the site in Doncaster, which used to be a nightclub, back in 2016. Flannels’ head of property paused development of the site, meaning it was unusable. The council offered the business...
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