It has been revealed that administrators for fashion retailer Austin Reed, which went under in April, are likely to slice up the estate rather than sell it in its entirety. Sister brands CC and Viyella are expected to be sold off separately to the Austin Reed name which is largely expected to...
Bookseller Waterstones has announced that it will stop selling e-books ahead of an agreement with digital book specialist Kobo. Waterstones boss James Daunt said Kobo provided "an excellence of service we ourselves are unable to match". The chain stopped selling e-readers in October and from June 14th will start to transfer customers...
Rural fashion and lifestyle retailer Joules has seen its shares valued at 160p each, giving the company a market value of £140 million ahead of its flotation on Thursday. The deal, which will raise £77.5 million, will see founder Tom Joule receive a £477.7 million payout as he takes his...
Advisor to BHS, Goldman Sachs, warned management that ex-racing driver Dominic Chappell had a history of bankruptcy before he bought the chain for £1. The company collapsed into administration only 13 months later. MPs are currently examining the role that BHS’ directors and advisers played before the sale of the retailer. Anthony...
Technology giant Apple has revealed that stores around the world are undergoing refurbishment, which will see the classic outlets take on a new design. Headed up by Apple design chief Jony Ive and Apple’s head of retail, Angela Ahrendts, stores including Brussels, Tennessee and Belgium already revealed the new look and...
It has been announced today that convenience chain The Co-op Group is introducing a new membership benefits initiative which will see more than £100 million a year being handed back to its members and their communities. To celebrate the new initiative, the group has announced it will return to its...
Electric car maker Tesla has launched a showroom at the Bluewater shopping centre. The outlet is one of a handful of larger store formats in the UK, which includes the ability for customers to test drive the latest models. It also includes a rolling chassis, a design studio and the installation...
Cartier and Montblanc owner Richemont has bought back stock from retailers and has destroyed it in some cases. The luxury group saw a slide in sales of 1% at constant currency, although in the final quarter, they slipped 5%, largely due to a poor performance from its watches division, which accounts...
Frozen food giant Iceland has teamed up with vlogging network Channel Mum for its latest advertising campaign. The adverts will feature ‘real mums’ talking about their experience with the brand, in a move away from the retailer’s previous tie-ups with celebrities including Michael Buble, Kerry Katona, Peter Andre and X-Factor singer...
Moss Bros, the men’s formalwear retailer, has announced that its total sales increased 3.3% year-on-year in the first 15 weeks of the financial year, in-line with its expectations. Figures show that in the weeks leading to 14th May, like-for-like sales grew 5% with retail like-for-like rising 5.1% and hire sales up...
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