The company who own Simply Be and Jacamo, N Brown, has said it is considering closing its 20 remaining shops and becoming solely an online retailer. The decision is putting 270 jobs at risk. N Brown has explained that shopper numbers at the stores had been "very disappointing". Last year, the stores generated £15m of...
John Lewis department store chain's sales rose last week by 4.2% on the same week last year as the retailer benefited from price matching a competitor’s promotions through its Never Knowingly Undersold policy. Electrical and home technology sales rose by 12.1% following strong sales of seasonal electrical items such as lawnmowers and...
ASOS have been investing in their online platform to give its customers the best possible experience, and analysts at Jefferies thinks this is a key to the company’s competitive advantage. “In a world of rising consumer expectations, we view ASOS’ functionality rich digital platform as a long-term winning model,” the analysts said. “One needs...
Mulberry have unveiled plans to launch in South Korea as it stated that its annual pre-tax profit have risen by 36% to £11.3 million when start-up costs and expenses related to its expansion in Asia are excluded. Thierry Andretta, Mulberry chief executive, said: "We have made significant progress during the year on our...
Boohoo, increased its group revenue by 53% to £183.6 million in its first quarter. The company said it had seen strong revenue growth and market share gains across all of its territories in the three months to 31 May as UK and international sales rose by 49% and 60% respectively. Mahmud Kamani...
Poundworld has entered administration, putting more than 5,000 jobs at risk. Administrators from Deloitte have been appointed after talks with potential buyer R Capital failed. Clare Boardman, joint administrator at Deloitte, said: “The retail environment in the UK remains extremely challenging and Poundworld has been seeking to address this through a restructure...
New Look have reduced prices, saying 80% of the clothing it sells is now under £20 as it tries to turn around its business. The tactic comes after the retailer stated a sharp fall in sales for its 2017-18 financial year. New Look is one of many retailers this year that had a Company...
Waitrose has joined up with private healthcare provider Bupa to offer shoppers a range of health services and activities in-store. 17 Waitrose shops will be trialling a variety of different Bupa services to help customers get tailored advice on their health. Services will include the positioning of health stations in-store where customers can...
Mr Porter has launched a new online entity which has been created to show a growing selection of leading watch brands which will feature curated content, educational articles and style advice coupled with tips on how to select and maintain a luxury timepiece. The new platform, named The Luxury Watch Guide, marks MR Porter's...
Photobox Group has opened a new state-of-the-art headquarters in London’s Clerkenwell. In collaboration with London based design and build firm Oktra, they converted former printworks Herbal House into a 37,000 square foot office. Jody Ford, chief executive of Photobox Group, said: “Our new HQ directly reflects our ambition to deliver amazing experiences for our customers...
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