Year: 2019

Sports Direct seeking Lillywhites London lease sale

Sports Direct has reportedly put the lease for its Lillywhites store in Piccadilly Circus up for sale. According to The Guardian, the 97-year lease for the 67,000 sq ft building has been put on the market, as landlord Criterion Capital, conducts rent review talks. Lillywhites has been trading at the…

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Gucci owner in talks over potential Moncler takeover

Gucci’s parent company Kering is reportedly in talks over a potential takeover of Italian apparel company Moncler. According to Bloomberg, executives at Kering and Moncler have held “preliminary discussions”, but also made it clear that there was no certainty the talks would lead to a transaction. Additionally, reports suggest the…

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Four tips to mastering millennial brand loyalty

Millennials can be demanding – they want variety, they want value for money, and they want everything to be available to them at the touch of a button – and quickly. Their demands are being met – from fast-fashion retailers delivering clothes to their doorstep the next day to Netflix…

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Ted Baker drafts in AlixPartners to review operations

Ted Baker has reportedly drafted in consultancy firm AlixPartners to conduct a review of its operations.  According to the Financial Times, the firm will review Ted Baker’s operations while coming up with a turnaround strategy.  It is thought the appointment is separate to the investigation launched after the company’s board…

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Dunelm profits to beat expectations

Dunelm expects its full-year profits to beat original forecasts, the company said in its latest trading update. The furniture and homeware retailer said that gross margins were “stronger than expected” in the financial year to date, and believes that this is a result of “sourcing gains and better sell through”.…

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Joules revenues up 3.1% despite ‘challenging’ September period

Lifestyle brand Joules has reported a 3.1% increase in half-year sales attributed to a “disciplined” approach to promotional activity and “strong” e-commerce growth, despite it facing a “challenging” trading environment. Although wholesale revenues decreased by 3.8%, international revenues increased by 17% compared to 15.8% for the first half of last…

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Clintons saved from administration

Clintons has been saved from administration after the Weiss family regained control of the business through a new entity. Will Wright and Steve Absolom from KPMG, who were appointed joint administrators, sold the brand and its assets to Esquire Retail Limited – a holding company for the Weiss family. The…

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Argos set for Christmas disruption amid plans for 15-day delivery strike

Argos customers are facing “Christmas misery” after UPS staff in Barton, Staffordshire, chose to go into strike action over a 10-month-long pay dispute, union Unite has said. Shunter and HGV drivers employed by UPS at Argos’ flagship distribution centre at Barton, near Burton on Trent, will commence over two weeks…

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Maintaining a sense of balance in the omnichannel

Marketers often face a challenge when balancing their use of online and offline channels. If one is much heavier than the other, marketing effectiveness can slump, lacking energy and appeal. Digital and physical can work in tandem to trigger consumer engagement and if this is timed correctly, they can complement…

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M&S partners with six start-ups through Factory Founder scheme

Marks and Spencer has announced it has partnered with six start-ups, as it marks the first anniversary of the M&S and Founders Factory Joint Venture designed to identify and accelerate emerging businesses. The six fast growth start-ups were selected from over 100 hopeful new businesses identified from Founders Factory’s global…

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