Jigsaw appoints new board members
Retail brand Jigsaw, has appointed four new members to its board, after £20m investment saved the company last year. Despina Don-Wauchope, a former head of finance at property group Land ...
Monday, June 17, 2019
Tag: Retail News
20,000 shops gone from high street since 2010
Since 2010 more than 20,000 shops have “disappeared” from high streets and the communities that they once served, according to the real estate advisor, Altus Group. Analysis of official government ...
Asos brings models to customers’ homes with new Virtual Catwalk
Online fashion retailer Asos has today (14 June) announced the launch of ‘Virtual Catwalk’, its first augmented reality (AR) experience. Available now through the Asos app on iOS 11.3 devices ...
Amazon and Morrisons expand Prime partnership
Online retailer Amazon, has expanded its Prime partnership with supermarket chain Morrisons, moving into five cities later this year. Morrisons at Amazon, is a same day, online home delivery service, ...
Majestic Wine records loss as focus switches to online
Wine retailer Majestic Wine, has recorded an £8.5m loss for the financial year up 2 April, in spite of a 6.3% increase in reported revenue to £506.1m. Alongside the stores ...
Businesses rates to better reflect property value under new law
Business rates payers in England will have bills that more accurately reflect current property values under new legislation introduced by ministers yesterday (12 June 2019). Property revaluations will increase to ...
Arcadia creditors approve CVA proposals
Retail group Arcadia, has announced that all seven of its company voluntary arrangements (CVAs) have today been approved by the required majority of the companies’ creditors, including its pension trustees, ...
Zara owner records a 10% profit rise
Spanish fashion retailer Inditex, has announced a 10% rise in net profit for Q1, up to €734m (£634m). Net sales saw record growth for the first quarter, rising by 5% ...
Amazon launches Campus Challenge for UK students
Amazon has announced the launch of its new Campus Challenge competition and is encouraging students across the UK to sign up for the programme and gain the chance to win ...
Boohoo owner hit with £118m lawsuit
Boohoo owner Mahmud Kamani, has had a lawsuit filed against him by an IT consultant for breach of an agreement. Contractor Richard Womack is seeking remuneration for setting up the ...
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Superdrug profits slide in 2018 amid ‘challenging times’
Health and beauty retailer Superdrug has reported pre-tax profit of £88.3m for the year ending 29 December 2018, down...
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