Toy retailer Lego has revealed it has hired a new British chief executive, Bali Padda, who will be replacing Jorgen Vig Knudstrop. Knudstrop, who played a massive part in turning the company’s fortunes around, will leave to become chairman of a new business Lego Brand Group, which will deal with the...
It has been reported that with less promotions on offer outside of the Black Friday period compared with 2015, fashion and home sales were affected. Figures show that in the fashion sector, sales decreased 2.3% and home sales dropped 1.4%. However, furniture sales rose 7.7% as shoppers purchased sofa beds, pillows...
It has been announced that AllSaints, the British fashion retailer has opened concessions in Peru and Chile. Working with Cencosud as its partner for the region, the company will showcase its men’s and women’s fashion ranges in department stores in Santiago and Lima. William Kim, chief executive commented that he would like...
The British Retail Consortium (BRC) – KPMG Online Retail Sales Monitor have reported that new figures show UK retail sales last month grew 1.3% from last year, proving to be a mixed blessing for retailers. During Black Friday week, non-food sales increased 40% when compared with other weeks in November; as...
Neptune has revealed that it is hoping to expand the business in areas such as Muswell Hill, Kensington and Chelsea; so the retailer has instructed Savills to find units covering between 5,000 and 7,000 sq ft. Director of the Central London retail team at Savills, Lance Marton, said: “We are pleased...
The £60 million transformation bid has said it will preserve the existing Templars Square shops and add new restaurant units and a hotel, as well as improving the pedestrian routes, streetscape and car parking facilities. Included in the proposals submitted to Oxford City Council are plans to build 200 apartments. New River...
A survey led by PwC, has revealed that the Brexit vote will have zero impact on Christmas spend from most of UK shoppers. The Consumer Christmas Report has shown that despite this year’s share of economic instability, 67% expect no impact whatsoever on what they spend over the Christmas period, compared...
It has been reported that fashion retailer Burberry has rejected several takeover bids from Coach, the US fashion accessories brand. Valuing the company at £20 billion, Burberry received various offers from its larger US competitor for a cash-and-stock takeover. Despite the company’s share prices struggling in the first half of the...
Supermarket chain Lidl has announced plans to open a new distribution centre in Doncaster, South Yorkshire, which will make it the 13th UK warehouse. Following on from the opening of its regional distribution centre in Southampton, which created over 400 new jobs, the new centre will cover an area 628,000 sq...
It has been revealed that Sophie Hulme, the accessories brand has opened its first physical retail area in Harrods. Covering an area of 335 sq ft, the new shop-in-shop is located on lower ground floor of the department store. Harrods has stocked the designer’s items for four years, however this new dedicated...
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