Year: 2019
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Jul- 2019 -12 JulyAdvice
Why retailers must be ahead of the curve with digital transformation
When it comes to a strong relationship between retailer and customer, the golden rule is knowing the customer inside out. It’s an age old notion: meeting the desires of the customer keeps them coming back for more, again and again. Whilst the year ahead presents much for retailers to profit…
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12 JulyHigh Street
Hobbycraft revenues exceed £100m in full year results
Arts and crafts retailer Hobbycraft has reported a 5.4% increase in total revenue to £177.7m for the year ending 17 February 2019. The increase was driven by “strong” e-commerce growth of 22.7% during the period, and adjusted EBITDA also increased by 27.8% from £9.5m to £12.2m. Five new stores also…
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12 JulyOnline & Digital
Government to go ahead with UK digital services tax
The UK government has announced plans to go ahead with a digital services tax aimed at large tech companies such as Amazon, Facebook and Google. The news comes on the same day that the US government threatened to impose tariffs on France over a similar tax levy. The 2% tax,…
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12 JulyHigh Street
Marks and Spencer’s fashion boss departs
Marks and Spencer has announced the departure of Jill McDonald as managing director of clothing and home after two years in the role. The departure follows a challenging year for the one of Britain’s largest retailers, after pre-tax profits fell by 10%, clothing and home sales fell by 3.6% year-on-year,…
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12 JulyClothing & Shoes
Vans to move into former Miss Selfridge flagship site
Footwear brand Vans have signed a leased to takeover the site previously occupied by Miss Selfridge. Located in Oxford Street, London, Arcadia will remain the landlords of the site. Miss Selfridge will be moving into the basement of Topshop next door. In June, a CVA was approved for Arcadia Group…
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11 JulyAdvice
Why seamless retail experiences are key to longevity in the retail sector
It’s hard to escape the fact that the retail industry is undergoing a period of extraordinary change. Every day, media commentary and market analysis points to the sheer scale of transformation retailing is facing. For some, the outlook for the industry is challenging, particularly in the light of rising costs…
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11 JulyHigh Street
DFS shares fall over ‘Brexit uncertainty’ despite sales growth
Furniture retailer DFS saw shares drop by nearly 4% in early trading today (11 June), despite a 17% increase in like-for-like sales for the year ending 30 June 2019. It came after the retailer warned investors that it remains “mindful” of the “volatile” political and economic backdrop, and how it…
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11 JulySupermarkets
Sainsbury’s to open UK’s first no and low alcohol pub in London
Supermarket chain Sainsbury’s has announced it is opening the UK’s first ever no and low alcohol pub. The Clean Vic No and Low Alcohol pub will open its doors on New Oxford Street from 24 to 25 July, serving a range of beers, wines and mocktails which are all entirely…
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11 JulyOnline & Digital
Laybuy announces partnership with Alexachung
Laybuy, the buy now, pay later service, has announced the fashion brand Alexachung as its second major UK partner. Laybuy allows consumers to spread the cost of purchases over six interest-free payments, with the first being made at the point of sale. The partnership will see the option to pay…
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11 July
Amazon to open second Clicks and Mortar store
Amazon is set to open its second Clicks and Mortar store in the UK, at St David’s shopping centre in Cardiff. The store is a collaboration between the online retailer and small business network Enterprise Nation, and will be open for six weeks from 22 July. The Clicks and Mortar…
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