Fashion e-tailer Missguided has revealed it has purchased its first bricks and mortar store in Westfield Stratford City which will be located on the first floor, taking over from Dutch fashion brand The Sting. As part of its strategy, the company are planning to roll out UK stores on high streets...
Conviviality, owners of the Bargain Booze chain, has struck a deal to acquire beer, wine and spirits wholesaler Bibendum for £60 million. The acquisition is expected to increase the group’s turnover by 23% through total sales of over £1.4 billion annually. The move follows Conviviality’s purchase of drinks supplier Matthew Clark...
Joules to float on AIM Country fashion retailer Joules has announced that it is to list on London’s Alternative Investment Market in a £140 million flotation. Founder Tom Joule is expected to reduce his stake in the company from 80% to 50%, netting him approximately £40 million. He will remain with...
Furniture and flooring retailer ScS has bolstered its burgeoning growth plans with a number of senior management appointments. The group has appointed Chris Muir as its new chief financial officer, who will also have responsibility for IT, business reporting and company secretarial matters. Kevin Royal, formerly the group's sales director, has...
Amazon has reported a leap in sales of 28% for the first quarter, leading to a profit of $513 million (£351 million). The results were better than many analysts had predicted. The rise was helped by better sales of the Kindle e-reader, Fire tablets and its Prime delivery and TV service. However,...
Shop Direct’s online luxury site veryexclusive.co.uk has said that it has signed up a number of premium brands to add a new menswear section to its site for autumn/winter 2016. The company has installed former ASOS premium menswear buyer Adam Jagger to lead the new menswear offering, which will focus...
The British Fashion Council has rebranded its annual awards from the British Fashion Awards to The Fashion Awards in order to celebrate both British and international fashion. This year, the awards will take place at a charity gala this December at the Royal Albert Hall in partnership with Swarovski. Last year’s...
Home Retail Group has said that annual profits have dropped 28%, hit by a “disappointing” performance from its Argos chain. A “goodwill impairment charge” of £852 million also hit the company’s profits, as part of the group’s agreement to sell Argos to Sainsbury’s. Profits were flat at Argos, although HRG insisted that...
The latest Retail Employment Monitor from the British Retail Consortium has shown that jobs in retail have declined 0.9% for the first three months of 2016. This is the largest decline since 2014. The amount of full-time employees in non-food roles showed an increase, but in the food sector job numbers...
Online fashion retailer Boohoo has seen a 40% rise in annual revenue, with strong growth across all geographic regions. Mahmud Kamani and Carol Kane, joint CEOs, commented: "We are pleased to report a year of strong revenue growth across all geographic regions. Active customer numbers, order frequency and conversion have all...
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