Year: 2019

Angling Direct acquires Chapmans Angling for £1.4m

Angling Direct, the specialist fishing tackle and equipment retailer, has acquired fishing tackle retailer Chapmans Angling for £1.4m payable in cash and includes stock at Valuation. Chapmans Angling, which has two stores in Scunthorpe and Hull, generated revenues of over £3m and profit before tax of £43,000 last year. Angling Direct…

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How accessible power can make or break a sale

No matter how well you plan for the launch of a new store or retail space, unpredictable outside forces such as the economy, current trends and even celebrity endorsements can quickly make the next big thing yesterday’s news. A winning combination of prime location and effective design—both inside and outside…

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Hammerson reports £268m loss and eyes further disposals

Shopping centre owner Hammerson has reported a loss of £268.1m in its 2018 FY results, also announcing it aims to make £500m in disposals this year. For the period ending 31 December the group saw its revenues drop 9% to £292m,  Hammerson said the loss follows “a tough year particularly…

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Primark owner reports 4% sales boost for H1 2019

Associated British Foods (AFB), which owns Primark, has announced that sales at the retailer are expected to be 4% ahead of last year for the 24 weeks to 2 March 2019, driven by increased retail selling space. The group said the results will be partially offset by a 2% decline…

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Jack Wills to sell four stores in order to cut costs

Fashion retailer, Jack Wills is to sell four stores in order to make up for a store expansion which saw it increase its stores by a quarter, despite the fact it was making an underlying loss of £11m in 2017. Jack Wills is looking to assign leases to new tenants…

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The ever-demanding omnichannel world – leading the charge with leadership

The battle to gain and retain consumers continues across sectors and markets. As the National Retail Federation’s largest global retail conference and expo highlighted earlier this year, the winners will be those that have the ability to create a seamless end-to-end experience digitally as well as in-store, as well as…

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Online retail records its ‘worst January sales growth’

Online retail recorded its worst January sales growth in three years last month, as the industry’s poor recent sales performance continued into the new year, according to the IMRG Capgemini eRetail Sales Index. E-commerce saw a 7% year-on-year increase which was slightly above the three-month average of 6.3% year-on-year, however…

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January posts lowest footfall decline in three years

January footfall declined 0.8% according to the latest data from Ipsos Retail Performance – the lowest decline in three years.   Ipsos said the figures indicate that Britain’s shoppers “are getting on with the certainties of everyday living” despite the uncertainties of Brexit.Further figures showed that year-on-year deficits over three…

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Martin Newman announces DownYourHighStreet.com investment

Retail expert, Martin Newman has announced he has invested in e-commerce platform, DownYourHighStreet.com, bringing its told investment raised this funding round to £272,060, 81% more than its target. The platform, created specifically for independent bricks and mortar retailers to grow their e-commerce business, will officially launch in June and currently…

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Asda named ‘worst’ for in-store and online offerings

‘Big Four’ grocer Asda has been rated as the worst supermarket for both its in-store and online offerings, according to a survey of 12,000 Which? members. According to the consumer association, Asda was left “languishing at the bottom” of both its in-store and online rankings, with scores of 56% and…

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