HMV
This coverage focuses on HMV’s position and performance within the UK retail sector, highlighting store strategies, brand revival efforts, merchandising approaches, and financial developments. Reporting also examines management decisions, market challenges, and the retailer’s adaptation to changing consumer trends. Insights are tailored for retail executives, brand managers, and professionals interested in the dynamics of entertainment retail and high-street resilience.
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Sep- 2024 -2 SeptemberEntertainment
Oasis reunion boosts HMV sales
Music and entertainment retailer HMV said it has seen a “huge boost” in sales following the reunion of rock band Oasis after 16 years. The group saw a 526% rise in sales across the band’s full catalogue as they announced a series of live shows next year. Meanwhile, sales of their…
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Jul- 2024 -11 JulyHealth & Beauty
British entrepreneur close to Body Shop deal
British entrepreneur Mike Jatania is close to completing a rescue deal for The Body Shop, according to reports from Bloomberg. Jatania is thought to be part of a consortium alongside ex-Molton Brown CEO Charles Denton amongst others. It is believed that the retailer’s new owners are planning to retain all…
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1 JulyHigh Street
Former Mothercare boss among The Body Shop bidders
Several private equity giants are reportedly eyeing a rescue bid for The Body Shop’s high street business, The Telegraph has reported. Gordon Brothers, whose UK business is led by former Mothercare boss Mark Newton-Jones, is said to be among several firms that have submitted bids for what remains of the chain. …
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May- 2024 -28 MayNews
Today’s news in brief-28/5/24
Shop price inflation has returned to normal levels, with the British Retail Consortium (BRC) reporting a decrease in annual shop price inflation from 0.8% in April to 0.6% in May. This marks the lowest rate since November 2021 and is below the three-month average rate of 0.9%. Non-food items remained…
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28 MayHigh Street
M&S and Next eye The Body Shop rescue deal
Both M&S and Next are reportedly considering launching rescue bids for the embattled retailer The Body Shop, as administrators get ready to launch an auction process. According to The Times, administrators FRP Advisory are reportedly “encouraged” after the high street firms expressed early interest in The Body Shop. The outlet…
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Mar- 2024 -11 MarchNews
Today’s news in brief-11/3/24
Doug Putman, the owner of HMV, is reportedly contemplating a bid to acquire The Body Shop from its administrators. The Body Shop has encountered financial difficulties, including filing for bankruptcy in the US and Canada. This move follows the closure of numerous stores and job losses. Private equity firm Aurelius…
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11 MarchHigh Street
HMV owner considers Body Shop rescue bid
HMV owner Doug Putman is reportedly considering a bid to acquire the body shop from its administrators. According to The Telegraph, Putman has yet to table any formal offer but his interest has raised hopes that the firm may yet be saved. This news follows reports that The Body Shop…
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Jan- 2024 -31 JanuaryNews
Today’s news in brief-31/1/24
The Body Shop is set to sell parts of its business in Europe and Asia. The deal involves an agreement with an international family office, covering around 14% of the business. This move is part of The Body Shop’s strategy to prioritise key markets and global franchise partner relationships. The…
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31 JanuaryEntertainment
HMV full-year profits soar amid vinyl revival
HMV has welcomed rising profits and sales in its latest full-year results, following a boost from the resurgence of vinyl sales over the period. In new filings from Companies House, the group’s owner, Sunrise Records and Entertainment, reported that pre-tax profits rose from £1.9m to £5.2m in the year ended…
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Nov- 2023 -27 NovemberNews
Footfall jumps 7.9% during Black Friday
Black Friday footfall jumped by 7.9% against the week previous across all UK retail destinations, providing retailers with a much needed boost during the Golden Quarter, according to the latest figures from MRI Software. Much of the uplift was driven by Black Friday itself, with destinations benefiting from increased footfall…
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