Sports Direct has its sights set on the iconic 350,000 square foot House of Fraser building in Glasgow. The deal could be worth up to £95 million. They have promised that the site will be turned in to the ’Harrods of the North’, which will keep 800 people in jobs. The deal...
Ikea has opened a ‘Planning Studio’ store in Tottenham Court Road, London. This is the first store to be launched in this format. The store is aimed for customers who are planning larger scale projects such as kitchens and bathrooms. Jane Bisset, IKEA London city centre market leader, said: “Our new city...
Fashion retailer Coast has entered administration and will close all 24 of its stores. However, Karen Millen has stepped in and bought some parts of the business, saving 600 jobs. The brand informed staff yesterday that PwC had been appointed as administrators of Coast Holdings, Coast Retail and Coast Fashions. This...
Alexander Wang has announced his new collaboration with Uniqlo. The collection is set to launch later this fall, and will be based around basics for both men and women, including bodysuits, t shirts, leggings, bras and briefs in a range of neutral colours and Wang’s favourite shade of neon green. Everything is...
The owner of the café chain Patisserie Valerie has discovered large accounting holes and has discovered that the HMRC has filed a winding-up petition against one of its subsidiaries. The company has announced that the HMRC are seeking £1.14 million in taxes. Shares in the company have been suspended. Luke Johnson, who owns...
Levi’s has enjoyed a double digit growth in revenue for the fourth consecutive quarter. It achieved a 10% rise in net revenue, growing to $1.4 billion in the three months to the 26th August, compared to results in the same period last year. All of the brands, including Levi’s, Signature by Levi...
Dr Martens has been revealed as the UK retailer with the most effective Instagram account. This was found by a study highlighting the importance of the platform in the retail sector. The study was held by a retail search marketing agency Red Hot Penny and is called the Social Scorecard study. ...
Pets at Home has appointed Robert Kent as its new chief data officer. Kent is currently in the same role for Royal Mail. He has been in the role at Royal Mail for nearly eight years, with other experience including senior roles at Carphone Warehouse, including head of IT, as well...
M&S has launched a new interactive map to detail where the seafood is caught and farmed. The map includes any seafood ingredients in sandwiches, salads, and ready meals. There is a total of 47 different species on the map. There are 16 species that come from UK waters including herring, monkfish, plaice,...
Fashion and Homeware retailer Matalan reported a total revenue of £262.4 million for the 13 weeks up until August 25th. EBITDA for the same period grew £22.8 million from £22.7 million the previous year. Matalan CEO, Jason Hargreaves, said in a statement: “The second quarter’s results reflect a solid performance in what...
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