Year: 2019
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Aug- 2019 -28 AugustAdvice
Two key pillars that define success for modern retailing
While the news shines a gloomy light on the state of a retail industry, the statistics reveal a more positive outlook. With e-commerce figures climbing year on year and retailers reporting a more engaged, communicative customer base, the industry may simply be in transition, rather than turmoil, as the model…
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28 AugustHigh Street
£1bn ‘Future High Streets Fund’ expanded to 50 more areas
Prime Minister Boris Johnson has announced that an additional 50 towns will benefit from the £1bn Future High Streets Fund. Towns across England – from Dudley to Dover and Scarborough to Stockport – will join 50 successful areas already shortlisted to develop plans to reinvent their high streets. According to…
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28 AugustHigh Street
Shop prices down amid ‘weak consumer spending’ and ‘stiff competition’
August Shop Prices fell by 0.4% compared to a 0.1% decrease in July attributed to “weak consumer spending” and “stiff competition, according to latest BRC-Nielsen Shop Price Index. This is below the 12 and six-month average price increases, both of 0.3%, and is the fastest rate of decline since June…
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28 AugustHigh Street
US landlords drop legal challenge against Arcadia
The two US landlords involved in the legal challenge against Arcadia’s company voluntary agreements (CVAs) have dropped their case, following “significant and constructive” dialogue. Arcadia received the challenge US property firms Vornado and Caruso in July, following the approval of seven CVAs in June. The CVAs will see all 11…
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27 AugustHigh Street
Clarks seeking rent reductions of up to 30%
Shoe retailer Clarks has revealed it seeking rent reductions of up to 30% following a period of “poor trading”, according to a report by The Sunday Times. The report said the retailer asked landlords to extend leases on certain stores in return for reduced rent costs. A source also told…
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27 AugustHigh Street
Carpetright debt absorbed by shareholder
Carpetright shareholder Meditor is set to absorb the retailer’s £40.7m revolving credit facility, purchasing it from lenders Natwest and Ulster Bank. The private investment company controlled by former Old Mutual fund manager Talal Shakerchi said it plans to engage with Carpetright to provide “longer-term, stable funding”. Meditor has said it…
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27 AugustLuxury Goods
FF Group searching for Links of London buyer
Links of London owner Folli-Follie Group (FF Group) has confirmed that it has appointed firms Deloitte and Savigny to the potential sale of the retailer. Last week Sky News reported that the group had been looking for a new owner, with sources telling the broadcaster it was “almost inevitable” a…
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27 AugustAdvice
Getting the most out of your security system
The popularity of online shopping is continuously growing. And thanks to the 24/7 convenience it brings, it isn’t surprising that the market continues to steadily grow in double-digits each year. In fact, it’s expected to become the biggest retail channel in the world by 2021. It’s clear the benefits of…
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27 AugustOnline & Digital
Shop Direct adds Topshop and Topman to its offering
Shop Direct, the digital retailer and financial services provider, has added Arcadia’s Topshop and Topman to its portfolio of more than 500 fashion brands. The business will also become the first UK retailer outside of the Arcadia Group to stock Topshop Beauty. Shop Direct’s retail brands Very.co.uk, Littlewoods.com and LittlewoodsIreland.ie…
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23 AugustHigh Street
Reiss group sales soar by 23.7% in H1
Fashion brand Reiss has seen group sales rise by 23.7% for the first half of 2018, alongside announcing an advertising deal for its Autumn Winter campaign. For the 26 weeks to 3 August 2019, total group sales grew by 23.7% to £102.9m, compared with £83.2m last year. Like for like…
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