Following an announcement last December that Boohoo.com had entered into an asset purchase agreement to acquire Nasty Gal for US$20 million; the retailer is now on track to acquire US brand Nasty Gal. Boohoo said in a statement: “As previously announced, the transaction has been governed by a US Bankruptcy Court...
Some convenience store owners have expressed concerns in the wake of the deal between Tesco and Booker being announced. The supermarket giant currently owns approximately 30% of the UK grocery market, with the deal with Booker set to increase that by 2%. Under the Booker company name are the symbol...
Whilst they are currently trialling their checkout-free grocery chain in an employee-only store based in Seattle, US, tech company Amazon has reportedly begun searching for a London location. They registered a UK trademark for their Amazon Go stores back in December 2016, with the stores potentially placing pressure on existing...
According to the British Retail Consortium (BRC), British retailers saw significant growth in search volumes from overseas. In the fourth quarter of 2016, there was a total increase of 23% of searches for the retailers, with an additional 16% increase on mobile devices in the UK. The figures signify the...
Sportswear retailer, Sports Direct have acquired an 11% stake in French Connection, as owner Mike Ashley seems to have made a strategical move to capitalise on the clothing retailer’s falling trade. Once news of the move by Sports Direct was announced, shares fell by 5 per cent, possibly due to...
Online retailer Amazon have announced a 55% rise in fourth quarter profit this year, capping off what was seen to be a largely successful period in online sales. Despite this, the company also saw its share price fall slightly as the figures narrowly missed Wall Street’s expectations, with the overall...
Some UK Supermarkets have been affected by bad weather conditions with regards to their stocks of vegetables, with some even having to limit items such as iceberg lettuce to three per customer. It comes after severe weather in Spain decimated crops and created a shortage, with some Supermarkets now looking to...
Click-and-Collect service provider, Doddle, have announced the rollout of its new “Powered by Doddle” solution, which will provide comprehensive training and software to retailers regarding click-and-collect. CEO of the company, Tim Robinson, said that this will help retailers benefit from “the best practices we have developed by running our specialist...
UK-based Caribbean food supplier, Grace Foods, has suggested that retailers make the most of the current trend toward flavours from Asia and Latin/Central America ahead of the summer months. The company noted that the 18% year-on-year growth of the market means that they are perfectly placed to capitalise on the...
The first of the Bunnings warehouses has opened today in St. Albans, ahead of a three to five year rollout throughout the country. The location is 67,000 sq ft and currently has 68 people employed, with plans for a second warehouse to open in the St. Albans area in April....
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