It has been announced that Dr Martens footwear retailer are planning on opening 100 new stores and instore shops during the next five years. The iconic footwear retailer, despite sales decreasing 4% to £232.4 million, opened 11 new stores and nine instore shops in the year to 31st March. Other figures show...
ASOS have revealed that it will be taking on 1500 new staff at its headquarters in London over the next three years. To house the new members of staff, the ecommerce giants are looking to spend £40 million on renovations and has taken on 40,000 sq ft to help accommodate them...
Car manufacturer Tesla has announced that it has opened a new retail space in Chiswick, West London, situated at 109 Devonshire Road. Bringing the number of dealerships to 16 once Chiswick is open is particularly significant as the company only had one three years ago. On display will be both the Model...
Intu has installed a winter log cabin in the Intu Victoria shopping centre in Nottingham where shoppers can step into a virtual reality winter wonderland, decorate a Christmas tree and share their creations online. Intu is piloting the experience until December 21st as it looks to roll-out virtual reality experiences across...
Fashion retailer Joe Browns has revealed its figures which show EBITDA has risen 9%, whilst gross retail sales have increased 10% to more than £110 million in the 2016 financial year. The retailer has just launched on the multi-platform retailer QVC and surpassed forecast by more than 61% in September and...
Releasing its fourth quarter results, Ocado, the online grocery retailer has reported an increase of 13.1% in gross sales. Also, average orders per week grew 17.6% to 241,000 from last year in the 16 weeks to 27th November, as well as the average basket size rising 2.9% due to the popularity...
It has been revealed that Yoox Net-a-Porter Group and Disney have joined forces to launch its first-ever online fashion store and will offer designer collaborations including characters from Disney Pixar, Star Wars franchises, Marvel and The Walt Disney Company. Ranges available will be Vans’ Toy Story footwear range, Olympia Le Tan’s...
Figures show that in the 26 weeks to 27th November, Joules reported a rise in retail revenue of 15.8% to £56.7 million, as well as opening 10 new stores. Joules chief executive, Colin Porter, said: “The group has continued to perform well throughout the first half of the financial year delivering...
The Co-op has revealed that it will be ending its long-standing partnership with Thomas Cook in an £82 million deal. Already three years into a turnaround plan, The Co-operative Group’s 30% stake is to be bought for £50 million in November 2017, along with £32 million in dividends. The Central England...
Men’s fashion retailer Moss Bros has announced that it will be investing millions in its suit hire service to help enhance future growth. The investment is looking to target younger customers who, instead of only hiring suits for black tie events or weddings, will “rent” a suit for more everyday occurrences...
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