Year: 2019

Three marketing principles for challenging retail conditions

It’s a great time for putting the boot into retail in the UK. With sales growth down year-on-year and 85,000 job losses across the sector, negativity is on-trend. Much of this pressure is being felt by high street retailers: increasing overheads and declining consumer confidence have led to a situation…

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The future of payment is going mobile

Over the past few years we are seeing a steady decline in cash transactions with two thirds of payments made by card.  With the introduction of contactless it is much easier to tap and go rather than take cash out of the bank. Mobile POS or the abbreviated term mPOS…

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Boohoo acquires online retailer MissPap

Online fashion retailer Boohoo group, has acquired the brand and intellectual property assets of women’s pureplay fashion brand MissPap for an undisclosed sum. MissPap, which was founded in 2015 in the north west of England and has amassed strong online presence with over 1 million Instagram followers, will join Boohoo’s…

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Majestic Wines to close all stores and rebrand as Naked

Majestic Wines has announced it is to close all 200 of its retail stores as it rebrands as Naked Wines, the online retailer it purchased for £70m from founder Rowan Gormley in 2015. The rebrand will see the company move all of its business online, while it says it will…

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Sports Direct considers £61.4m bid for Debenhams

Sports Direct, owned by Mike Ashley, is considering a £61.4m bid to take control over embattled department store chain Debenhams, despite the retailer rejecting its previous proposals. The sportswear retailer said the possible offer is “pre-conditional” upon Debenhams immediately appointing Ashley as its CEO and terminating the noteholder consent solicitation…

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JoJo Maman Bebe founder says retail sector is ‘extremely tough’

The founder of babywear brand, JoJo Maman Bebe, has said consumer confidence is at an all-time low in an “extremely tough” retail sector. JoJo Maman Bebe has seen 20% growth per year and now has the capacity to send out 6,000 parcels a day, recently however, the company says it…

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Moss Bros suffers £4.2m loss in 2018

Men’s fashion retailer Moss Bros has reported statutory loss before tax of £4.2m for the year ending 26 January 2019. This included store fixed asset impairment charges and dilapidation provisions of £2.6m and reorganisation and employee related charges of £1.2m. EBITDA fell to £6.6m during the year, compared with £13.3m…

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Sports Direct considers cash offer for Debenhams

Sports Direct has revealed it is mulling over a cash offer for embattled department store Debenhams, despite the retailer rejecting its previous proposals. Sports Direct said Debenhams’ current restructuring and refinancing process was “likely to result in an adverse outcome” for its existing shareholders. The sportswear retailer has made several…

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Designing the stores of the future

The ever-increasing shift to online shopping, powered by e-tail giants such as Amazon, and the rise of mobile and social commerce dovetailing the consumer desire for experiences, have impacted the British high street. While retailers are under severe pressure, this is far from the end of physical retail stores. Many…

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It’s time for brands to prioritise the happiness of millennial shoppers

We now exist in a world where technological innovation is empowering customers to expect more from the brands they deal with, to switch when they’re not happy or satisfied, and share their negative experiences online. Results from a recent study show that millennials can be particularly hard to please. Over…

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