Year: 2019
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Jun- 2019 -5 JuneHigh Street
Philip Green reaches agreement with pensions regulator
Arcadia owner Philip Green has reached an agreement with The Pensions Regulator in order to aid the restructure of the company. The company has agreed to provide security for the schemes to the value of £210m which includes an additional £25m agreed with regulator. Green’s wife and Arcadia shareholder Christina…
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5 JuneAdvice
Personalisation and its role in retail
In order to encourage footfall and, by extension sales, retail stores are having to work twice as hard to stand out. This is particularly true for bricks-and-mortar stores, where competition is not only restricted to other stores in the area but the digital platform too. But both offline and online…
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5 JuneHigh Street
Card Factory sees Q1 sales rise 6%
Card Factory has reported a 6.4% rise in total group sales during the first quarter of the year thanks to what it has called a “positive start to the year” despite “challenging consumer sentiment and negative footfall on the high street”. During the first quarter ending 30 April 2019 Card…
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5 JuneClothing & Shoes
Forever 21 ‘exploring restructuring options’
American fast fashion retail chain Forever 21 is reportedly exploring its financial options. Sources have told the media that the company is in talks with Apollo Global Management, an American private equity firm, regarding lining up potential debtor-in-possession financing in case the company needed to seek bankruptcy. The source told…
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4 JuneAdvice
The foundations of a successful retail marketing campaign
We all know that in-depth market research is an opportunity to find out exactly what your customers want, as well as uncovering barriers to purchase. A high street retailer, targeting aspirational shoppers, may find people want to buy a product or service but perceive it to be too expensive or…
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4 JuneHigh Street
Retail sales in May see ‘biggest decline on record’
Sales decreased by 2.7% in May on a total basis, excluding Easter distortions, making it the “worst decline” since records began in January 1995, according to the latest BRC-KPMG sales monitor. However, the BRC said this was against an increase of 4.1% in May 2018, itself a four year record.…
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4 JuneProperty
Network Rail sees retail sales growth of 4.36% in 2018/19
Network Rail saw its retail sales grow 4.36% and like-for-like sales increase by 1.32% in the 2018/19 financial year – above the British Retail Consortium’s (BRC) figure of 0.05% for the whole of the retail sector in the same period. The transport company said its largest station retail offer –…
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4 JunePeople Moves
Intu appoints new CFO
Intu has appointed Robert Allen as it new chief financial officer with effect from Monday, 10 June 2019. Allen served as group CFO of Crest Nicholson Plc for two years until 2018. From 1998 to 2016, he held a number of senior finance roles at British American Tobacco Plc including…
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4 JuneSupermarkets
Waitrose trials packaging-free initiative
Supermarket chain Waitrose has announced plans to help to reduce the usage of plastic in its store, by trialling a packaging-free initiative at its Botley Road store in Oxford. The trial is designed to see how customers shopping trends may change in the future and will run for a period…
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3 JuneAdvice
Why retailers should add automation to their contact centres
In the face of a struggling UK high street, retailers need to do whatever they can to boost sales and draw in customers. Many have already turned to emerging technology like Artificial Intelligence (AI) to help grow online purchases in the face of plummeting in-store sales, and this is a…
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