Year: 2019

Westfield reports footfall rise in July

Unibail-Rodamco-Westfield, owners of shopping centre chain Westfield has reported a rise in footfall in July, with almost eight million shoppers visiting its London centres in Stratford and White City. Westfield said it was “bucking the trend” in the retail market, as shopping centre footfall continues to fall, dropping by 3.1%…

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Wyevale sells John Browns site to Hillier Garden Centres

Wyevale Garden Centres has announced the sale of its John Browns site to Hillier Garden Centres. It’s the second transaction with Hillier following the sale of four centres in April. The store will continue to be run as a garden centre and the sale is expected to complete by the…

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Staying in the know of the unknown

At a time when retailers are suffering from the biggest fall in sales in more than a decade, according to the Confederation of British Industry, being unprepared in a crisis is simply not an option. With brand reputation being the key to keeping many companies afloat, retailers have to be…

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Moss Bros announces boardroom shakeup

Moss Bros Group has announced a shakeup to its boardroom with the appointment of Avis Darzins as a non-executive director from 1 September 2019. The suitwear retailer also announced that Maurice Helfgott, following nine years’ service, will no longer be the senior independent non-executive director from 1 October 2019, when…

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COMMENT: First bans for ads breaking UK gender stereotyping rules

As we reported back in May 2018 in the post “CAP considers new rule against harmful gender stereotyping” a review by the Advertising Standards Authority (ASA), the Committees of Advertising Practice’s (CAP), which are responsible for writing and maintaining UK advertising codes) has introduced a new rule on banning harmful…

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Superdry appoints new CFO

Superdry has appointed Nick Gresham as its new chief financial officer on a permanent basis. Gresham joined Superdry as Interim CFO on 3 June 2019, and commenting on his appointment, Peter Williams, chairman of the board of Superdry, said: “Nick has made a great impact since joining Superdry in an…

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First Co-op franchise to open at Newcastle University campus

Co-op is to launch its first franchise in the North-East, after reaching an agreement with Newcastle University Student Union (NUSU). The agreement will see the existing student union store on campus extended and renovated in time for the new academic year. The 2,500 sq. ft. store will offer Co-op’s full…

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Get yourself a captive audience

I happen to know the high-end perfume shop at London St Pancras does a roaring trade. And I would cheerfully bet a week’s perfume shop profits that the next Duty Free you’re in does pretty okay too. If you’re travelling inside the EU the words ‘Duty Free’ haven’t meant a…

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Steinhoff confirms refinancing after accounting ‘scandal’

Poundland owner Steinhoff has confirmed refinancing of €9bn (£8.3bn) of debt after the company was involved in an accounting ‘scandal’ over the last few years. The group announced this in its half year report, where European revenue rose by 13% to €1.7bn (£1.57bn) for the period up to 31 March…

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Grant Thornton quits as Sports Direct auditor

Sports Direct has confirmed accountancy firm Grant Thornton is to step down from its role as auditor. Sports Direct said on 13 August 2019 it received notice from Grant Thornton, “following a review of its client portfolio”, it intended not to seek reappointment as the company’s auditors and will cease…

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