Year: 2019
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May- 2019 -2 May
What can the West learn from Amazon China’s failure?
Amazon China did not do enough to build on brand reputation, and it is only until they can appease the demands of an increasingly connected and experience-orientated consumer base that they have a chance of challenging the giants in the East. For native businesses in the East, the rapidly developing…
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2 MayOnline & Digital
N Brown swings to £57.5m loss in 2018
Online retailer N Brown Group has reported losses before tax of £57.5m for the year ending 2 March 2019, up from the loss of £16.2m recorded the previous year. According to the group, the statutory loss before tax reflects “exceptional costs”, largely relating to legacy issues. Additionally, group revenue decreased…
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2 MayClothing & Shoes
Zalando starts 2019 with ‘strong and profitable growth’
Zalando has said it “successfully expanded its customer reach” as it saw revenues and profits jump for the first quarter of 2019. It revealed that revenues increased by 15.2% to £1.2bn and its adjusted EBITDA increase from £0.3m to £5.5m. Zalando attributed the rise to its active customers increasing by…
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2 MayEconomy
Increase in redeveloped units set to ‘reimagine’ retail
The number of units that were structurally changed or redeveloped (demolished, merged, split or converted for another use such as residential or logistics) increased by 32% in 2018 as landlords and place managers work to “reimagine requirements” for bricks-and-mortar retailing. A new report released by retail location insight business, Local…
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1 MayAdvice
Can e-commerce save the high street?
According to PwC a record net 2,481 stores disappeared from the UK’s top 500 high streets in 2018 – 40% more than in 2017 – a worrying statistic for the future of the high street. Even the big retailers were not immune with Maplin, Toys R Us and Poundworld casualties…
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1 MayEconomy
Company insolvencies reach five-year high
New figures from the Insolvency Service show the first quarter of 2019 had the second highest underlying level of insolvencies in any quarter since Q1 2014. According to the figures, there were 4,187 total underlying company insolvencies in England and Wales in Q1 2019, a rise of 6.3% on the…
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1 MayClothing & Shoes
Next sees profits rise following ‘unusually warm’ weather
Next has announced a better than expected profit rise following “unusually warm weather” during the first quarter of 2019. The retailer reported a 4.5% rise on 2018’s figures for full-price sales in the quarter leading up to 27 April. The full-price sales rise falls ahead of the retailer’s initial target…
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1 MayOnline & Digital
The Hut Group acquires natural haircare brand Christophe Robin
The Hut Group (THG), has acquired the luxury natural haircare brand Christophe Robin. Established in Paris in 1999 by its namesake, celebrity colourist Christophe Robin, the brand aims to “emphasise a women’s natural beauty” by maintaining scalp health, nourishing hair and protecting colour. THG said the brand sits within an…
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1 MaySupermarkets
Failed Asda merger costs Sainsbury’s £46m
Sainsbury’s has incurred costs of £46m over its failed merger with Asda, after the CMA blocked the deal over concerns that it would lead to “increased prices in stores, online and at many petrol stations across the UK”. According to the ‘Big Four’ grocer, the figure is principally comprised of…
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Apr- 2019 -30 AprilAdvice
Why DTC brand Harry’s needs to think like a publisher
Last week, direct-to-consumer (DTC) shaving brand Harry’s teamed up with Boots in a move to widen its distribution channels and routes to market. The idea isn’t new – I took a similar approach more than 20 years ago for Sky, distributing set top boxes and subscriptions through retail and shopping…
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