Matalan has opened two stores in Malta and two in Gibraltar, as it prepares for further store launches in Abu Dhabi, Dubai, Armenia and Bahrain this year. The British retailer said the new stores in Malta and Gibraltar offer 80 new jobs within their respective areas, and bring Matalan’s international franchise...
Bargain Booze owner, Conviviality, has said it intends to appoint administrators within ten business days. The move will put over 2,500 jobs at risk. The news follows the stepping down of its chief executive, Diana Hunter, last week after the company issued two profit warnings in the space of a few...
Louis Vuitton has appointed Virgil Abloh as its new men’s artistic director. His first show for the luxury brand will take place in June during Men’s Fashion Week in Paris. Louis Vuitton’s chairman and chief executive, Michael Burke said: “Having followed with great interest Virgil’s ascent since he worked with me...
Game’s half-year profits have taken a hit thanks to declines in its core retail operations. According to the retailer’s interim results for the 26 weeks to January 27, profit before tax plummeted 25.5 per cent year-on-year from £16.5 million to £12.3 million. This was driven by a steep 56.1 per cent drop...
Fashion retailer Select has become the latest high street casualty to file for a company voluntary agreement (CVA), throwing 1750 jobs into uncertainty. Genus UK, Select’s parent company, announced that it was seeking a CVA to allow it to reduce rents among its 183 stores across England and Wales. While Genus UK...
The Entertainer has reported a 37% increase in full year profit despite challenges in its market. In the year to 27 January, total sales rose by 6.8% compared to the same period in the previous year, although like-for-like sales were broadly flat. Online sales were up 30% as use of...
High street fashion retailer H&M has launched a dedicated store on Chinese ecommerce platform Tmall. The retailer said the new partnership is designed to strengthen its position in mainland China and complement both its online presence and 400 bricks-and-mortar stores in the country. H&M opened its first store in China in 2007 and...
Boots has been voted the UK’s top brand among women, overtaking last year’s winner Marks & Spencer. According to YouGov BrandIndex’s Women’s Rankings, which uses companies’ brand tracking data and rates companies based on whether a respondent has a positive or negative impression of the brand, Boots climbed from third place...
Retail sales saw an unexpected spike in February as shoppers returned to the high street after a difficult Christmas period for the sector. According to the latest data from the Office for National Statistics (ONS), retail sales volumes rose 1.5 per cent during the month compared to a year earlier, coming...
Fashion retailer Esprit has appointed former New Look head Anders Kristiansen as its new chief executive as it looks ahead to a new phase of growth. Due to take up his new position on 1 June, Kristiansen will succeed Jose Manuel Martínez Gutiérrez who will step down on the same date. The...
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