Men’s suits retailer Moss Bros has cautioned that its full year profits would come below expectations for the full year, in the retailer’s second profit warning this year. It warned that profits for the year to January 26 2019 would now be “materially lower” than previously reported, sending share values plummeting...
New Look has confirmed that creditors overwhelmingly voted in favour of its company voluntary arrangement (CVA) proposal today, which means up to 980 staff are set to be made redundant and 60 stores will shut down within 12 months' time. The CVA – which was first launched as a proposal on...
Six months ahead of schedule, the Westfield London shopping centre has launched the first phase opening of its £600 million expansion which includes John Lewis’ new 50th department store. Throughout 2018, the 740,000 square feet expansion will see the opening of more than 90 new shops, cafes, restaurants and leisure outlets. The John...
Sainsbury’s is slashing the prices of 930 everyday grocery products in its stores and online from today. The Big 4 grocery retailer said customers will benefit from lower prices on essential products in both fresh and ambient sections of the store. These include both the retailer’s own-brand food ranges, a number of...
New Look has hired former Topshop digital guru Kate Walmsley as its new ecommerce and digital director. According to Retail Week, Walmsley has already started at New Look and made the move from Warehouse, where she has been customer director since 2016. Prior to that, she worked for Arcadia Group for seven years,...
Debenhams has teamed up with online furniture brand Swoon Editions in a partnership that will give the UK furniture brand a presence on the UK high street. The first dedicated site to offer a selection of Swoon’s furniture pieces, lighting and dinnerware will be Debenhams' store at Westfield London. Sergio Bucher, chief...
Instagram has cemented itself as a direct-to-consumer ecommerce brand with the launch of Shopping in the UK, an update on the social media platform consumers to seamlessly purchase products directly from businesses. The development marks the Facebook-owned firm’s most significant push into ecommerce since the introduction of Instagram for Business tools...
Ted Baker is expected to post rising profit and revenues ahead of the release of its full-year results later this week, pulling ahead of its embattled fashion rivals. Following “good retail performance” over the Christmas period, City analysts have predicted revenues of £445 million alongside operating profits of £77 million. This is...
Chinese online retail giant JD.com is extending its Alpha smart home platform to the auto industry to enable drivers to control smart home devices and make online purchases directly from their cars. A partnership with Geely will see the car maker’s 2018 Boyue SUV become the first model to include the...
High Street fashion retailer H&M has opened a new online store in India to add to its bricks-and-mortar shops in the country. In addition, the company has given customers access to the H&M app and a scan and buy feature. H&M country manager Janne Einola said: “We are extremely proud to launch...
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