Year: 2019
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May- 2019 -13 MayAdvice
How retailers can target the female shopper of today
Female shoppers account for a huge proportion of the shopping demographic and have an enormous impact on the consumer marketplace. In the US alone, women make up just over half of the population, and they’re accountable for over $39trn (£29.9trn). This means they have significant purchasing power – putting them…
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13 MayDepartment Stores
Mike Ashley plans to invest millions to revamp House of Fraser
Mike Ashely has revealed he plans to pledge hundreds of millions of pounds into relaunching House of Fraser in return for a three-year rent holiday. According to The Sunday Times, Ashley plans to open 31 upmarket stores rebranded to “Frasers” over the next five years – with five of these…
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13 MayEconomy
Shop vacancy rate rises to highest level in four years
The national town centre vacancy rate rose to 10.2% empty outlets, according to data from the BRC-Springboard Footfall and Vacancies Monitor. This is an increase on the previous quarter’s 9.9% rise and the highest vacancy rate seen since April 2015. In the four weeks from 31 March to 27 April,…
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10 MayOnline & Digital
Zavvi tells email list they have won tickets to Champions League final
Online retailer, Zavvi has told its entire email subscriber list that they have won two tickets to the Champions League final between Tottenham Hotspur and Liverpool. Zavvi said that “technical issues” meant that all of its customers subscribed to its emails had been told they had won an all expenses…
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10 MayHigh Street
Select officially enters administration
Embattled retailer Select has officially entered administration, placing 1,800 jobs at risk. Business advisory firm Quantuma has been appointed as administrators of Genus UK Ltd, trading as Select. Select, which operates from 169 stores across the UK, was muted to fall into administration earlier this week and has now confirmed…
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10 MayAdvice
How to put the consumer first in modern digitally disrupted retail space
The retail industry has changed drastically over the last 12 months. The failure of retail brands like Toys R’ Us and BHS are just the most recent reminders that digital disruption continues to take its toll on the unprepared. The way we are shopping has changed, as have our expectations…
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10 MayLuxury Goods
Kerring to pay €1.25bn in Italian tax settlement dispute
Luxury fashion giant Kerring has agreed to pay a total of €1.25bn (£1.07bn) to the Italian Revenue Agency relating to claims over alleged tax evasion, in relation to its Swiss subsidiary Luxury Goods International (LGI). It comes after Swiss prosecutors opened an investigation into luxury fashion group in March last…
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10 MayEntertainment
Hamleys sold to India’s richest man
Iconic toy store Hamleys has been sold to Reliance Brands Limited, a subsidiary of Reliance Industries – a conglomerate holding company owned by Mukesh Ambani, the richest man in India and the 13th richest man in the world as of March 2019. C.Banner International sold 100% of its shares in…
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9 MayEntertainment
The Works click and collect service leads to sales and revenue growth
Book retailer, The Works has announced it has had a “successful year” following the introduction of a click and collect service which has seen like-for-like sales and revenue rise. Revenue at The Works for the 52 weeks to 28 April rose by 13.2% year on year, while like-for-like sales saw…
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9 MaySupermarkets
Morrisons sales fall short of expectations in Q1
‘Big Four’ grocer Morrisons has seen a slowdown in sales growth for the 13 weeks to 5 May, with retail sales contributing only 0.2% to the total increase in group like-for-like (LFL) sales of 2.3%. The figure is lower than the 3.6% increase seen during the same quarter last year,…
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