Teen retailer Abercrombie & Fitch has been put up for sale, after a report from Reuters disclosed that the company had hired investment bank to assess takeover interest. Its value has dropped significantly in the 16 months, down by 61% since after reaching a 16-month high in March 2016. The...
More of the long-term impacts from Brexit have been announced with the £3.6bn provided for small and medium sized enterprises by the EU from 2017 to 2021, is not set to renew after this point due to Britain’s withdrawal. The government have not made plans for the regional development fund...
Online music retailer Gear4music have announced a significant increase in underlying profits, rising by a total of 192% for the full year. In addition to this revenue rose by 58% taking it to £56.1m, with much of the success being attributed to expansions in its international business interests especially in...
Plans for a 200,000 sq ft development in Rotherham have now been announced, with the location compromising of retail, restaurant and office space. Though the majority of the space will be retail locations, a gym and coffee stores have also been announced as part of the unit. It is expected...
Starting from February 2018, DIY and home improvement retailer B&Q will no longer stock flowering plants grown with pesticides that are harmful to bees. The company announced the decision on the back of several scientific studies which concluded that plants grown with neonicotinoid pesticides in fields deliver harmful doses to...
According to both Barclaycard and the British Retail Consortium, whilst consumer spending was up by 5.5% for the month of April most of this was attributed to essentials such as supermarkets and petrol. Spending in these markets had gone up by 11% year-on-year, signifying the fastest rate of growth since...
Luxury fashion company Coach Inc. are set to acquire competitor Kate Spade, in a deal thought to be worth $2.4bn. Speaking on the move, chief executive of Coach, Victor Luis noted that “The acquisition of Kate Spade is an important step in Coach’s evolution as a customer-focused, multi-brand organization.” The...
Year-on-year online spending has dropped for the first time since September 2013, as consumers are forced to make cutbacks in response to rising store prices and stagnant wage growth. A 0.1% fall was recorded in April, according to payments technology firm Visa. Overall payment figures increased by 0.5% year-on-year, the...
Clothing retail chain Monsoon reported a decrease in full-year profits and sales, with total sales down by 9.2% from £464.9m to £422.1m. In response to the figures, chief executive Paul Allen noted that despite a challenging year for the company, the recent upturn in performance was a clear indicator that...
Fashion retailer H&M have announced a year-on-year increase of 7% in April, matching figures set about in a Reuters poll. Some of the increase was attributed to the brand having over 400 more stores open than in the same period last year, leading to a 1.1% rise in share prices...
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