Year: 2019

JD Sports revenues jump 47% in wake of Finish Line acquisition

Sports fashion retailer JD Sports has reported a 47% increase in revenue to £2.7m for the 26 week period ending 3 August 2019. The increase in revenue was attributed to a £725.2m contribution from Finish Line, which the retailer acquired in a £396m deal last year, and its JD stores…

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Sports Direct among bidders for Links of London

Sports Direct is one of two final bidders attempting to buy jewellery brand Links of London from current owner Folli Follie (FF Group), according to reports from Sky News. FF Group appointed firms Deloitte and Savigny to find a buyer for Links in late August, after the brand pulled out…

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Providing a safe environment for staff

A couple of weeks ago we at Foot Anstey released the results of a survey we conducted with Survation into the issue of harassment in the retail sector. Some of the headline results are presented here. I hope you find the time to review. In some respects they make for…

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Eric Vallat to step down as Richemont’s head of fashion

Richemont has revealed Eric Vallat, its head of fashion and accessories, will step down from his current position and from its senior executive committee on the 26 October 2019. The luxury goods group, which owns brands such as Cartier, Montblanc and Yoox-Net-A-Porter, said that Vallat was leaving his role due…

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Unibail-Rodamco-Westfield appoints new MD for UK and Italy

Shopping centre operator Unibail-Rodamco-Westfield (URM) has appointed Scott Parsons as regional managing director for the UK and Italy. Parsons will take up the position on 13 November, reporting to Michel Dessolain, COO of Europe at URW. He will be responsible for the group’s asset portfolio and development projects in the…

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H&M battles with landlords over rents

Fashion retailer H&M is battling with landlords over rent reductions, which could potentially see property owners bear the cost of the rising number of returned clothes. According to a report from The Times, the retailer is pushing for “total occupational deals” where it discusses with landlords a sum linked to…

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How small retailers can differentiate their business online

With so many UK consumers discovering small businesses online, there’s simply no reason not to have a digital presence. A recent study we carried out into consumer expectations of small business supports this. The research reveals that nearly two thirds (58%) of UK consumers expect small companies to have a…

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Primark expects like-for-like sales dip in FY results

Clothes retailer Primark, which is owned by Associated British Foods (AB Foods), has revealed it expects a 2% decline in like-for-like sales for the year to 14 September 2019. Despite this, sales for the full year are expected to be 4% ahead of last year at constant currency and actual…

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Footfall drops off in late summer

Footfall continued its decline over the late summer, recording a 1.3% decline for the four week period to 24 August. According to the latest BRC-Springboard Footfall and Vacancies Monitor, the latest decline is compared with 1.6% drop for the same period last year. High street footfall declined by 1.9%, following…

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Philip Green’s retailing empire posts £169.2m loss

Philip Green’s Arcadia has reported losses of £169.2m in its latest accounts posted on Companies House, blaming the “dramatically” changed retail landscape. For the 53 weeks to 1 September 2018 Arcadia losses totalled £169.2m compared with £49.4m profit the previous year. Its turnover also fell 4.5% to £1.8bn. However the…

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