Retail giant Amazon.com have unveiled the location of its first warehouse in Australia, picking an industrial area outside Melbourne. Australians can already buy Amazon products from offshore, however the prospect of an Amazon warehouse adds to pressure on traditional brick-and-mortar retailers. Speaking on the move, Robert Bruce, Amazon's director of...
ASICS have announced the opening of a new flagship store in London, including all of its brands including ASICS, ASICS Tiger, Onitsuka Tiger and Haglöfs under one roof for the first time, the brand has made a multi-million Euro investment in the 840-square metre space. The move comes as the...
Furniture retailer is set to acquire Sofology, with the acquisition set to add a “strong distinctive” brand and business to its portfolio as it looks to build on the success of its Dwell and Sofa Workshop acquisitions. Sofology currently has a network of 37 stores in the UK in addition...
The department store chain saw online sales climb by 7.2% whilst its home sales had a strong week with sales up 7.7% on the same week last year. Despite this, electrical and home technology sales were down 0.5% however sales of DIY home products, such as the Honda Petrol Ride...
In a deal worth £152m, value retailer B&M have acquired Yorkshire-based Heron Food Group. Heron, another discount retailer, operates predominantly in the North with 251 stores in its portfolio. Of the total deal, £112.1m was paid by B&M today, with £12.8m deferred and based on EBITDA performance. The remainder was...
The pace of food inflation has begun to slow, thanks to falling pressure from the Brexit-hit pound. According to data from retail industry data, food inflation in July slowed to 1.2%, after reaching a three-and-a-half year high in the previous month. The BRC-Nielsen Shop Price Index also showed the slowdown...
W H Smith has opened its first Italian store located at Torino airport. The store will offer Italian and international newspapers, magazines and books as well as digital products, toys, souvenirs, confectionery, drinks and WH Smith’s own brand travel essentials range. WH Smith international chairman Louis de Bourgoing said, “Securing...
McColl’s Retail saw a significant rise in its share prices as brokers suggested its new deal with Morrison’s could add 20% to sales and profits forecasts by 2019. Jonathan Miller, chief executive of McColl's commented on the deal saying, “This is a defining moment for McColl's and builds on the...
A privacy advocacy group has decided to file a formal legal complaint with the US Federal Trade Commission, asking for an investigation into Google’s in-store tracking algorithm to decide whether or not it protects the privacy of American consumers. The system allows the company to extend its online tracking capabilities...
There were 6,525 applications in England in the year to March, which was almost half the number in 2008/09 and 11% less than in 2014/15, said Lendy, which provides property finance and development loans. The Greater Manchester area saw the biggest fall in retail planning applications last year, according to...
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