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JD Sports optimistic about full-year profit

Friday 31 July 2015 - Posted by Veebs Sabharwal

JD Sports Fashion has said that profits are to beat predictions following an unprecedented sales rise.   Although the retailer was hit by the weakness of the euro, JD said it expected profits for the year to beat expectations by 10%, taking them to around £121m, an increase of over 20% on the previous year. JD currently trades from circa 850 stores across multiple brands, selling sports ...

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MasterCard pays Tesco $61m over transaction fees

Friday 31 July 2015 - Posted by Veebs Sabharwal

Britain’s biggest retailer Tesco has been paid $61m (£39m) by MasterCard, reaching a settlement as part of a multi-billion dollar lawsuit it files last year over credit card fees. According to Bloomberg, over 20 UK retailers are suing the payments company because of fees MasterCard charged for transactions that used its credit and debit cards. MasterCard has filed responses to the remaining...

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Electrical goods to surpass fashion in online market

Friday 31 July 2015 - Posted by Veebs Sabharwal

Online sales of electrical and electronic goods have been growing steadily over the past few years, and consumers have been just as inclined to purchase a toaster online as they would a new suit and tie. Today, Mintel has revealed the prediction that the former will finally surge ahead of apparel and accessories in 2015. Sales of electrical and electronic goods are predicted to take a 29% s...

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Wolf & Badger merging with Bottica to create omni-channel powerhouse for independent brands

Friday 31 July 2015 - Posted by Veebs Sabharwal

Wolf & Badger, the London-based concept store which supports and promotes independent designers and brands, has announced it is to merge with global online marketplace and accessories curator, Boticca.com. The merger, which takes place this week, will see Wolf & Badger acquire Boticca.com, creating a multi-channel retailer for independent designers and brands in the luxury fashion m...

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Your customers are your secret marketing weapon

Thursday 30 July 2015 - Posted by Guest Piece

Effective customer engagement. As the retail industry becomes increasingly competitive, these three words will be at top of mind for many brand marketers. Consumers are adept at tuning-out the irrelevant streams of direct marketing material, and retailers are having to carefully consider alternative methods to influence and appeal to shoppers, both in-store and online.  Social media is one ...

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Over 50s customers boost Bonmarche’s trading

Thursday 30 July 2015 - Posted by Veebs Sabharwal

Womenswear retailer Bonmarche said this morning that it has made a positive start to the year despite like-for-like sales falling in its first quarter after an inconsistent spring ​and​ early summer weather​ which deterred customers. The company said that overall ​firm sales, including new store openings, ​rose 3.8% in the 13 weeks to June 27, but like-for-like sales fell 1.7% as a result o...

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Customers and employees don't want M&S to close stores

Thursday 30 July 2015 - Posted by Veebs Sabharwal

Marks & Spencer has angered local communities by confirming the closure of nine underperforming stores across the UK, and causing uncertainty over job security. Stores in Birmingham, London and Wales will cease trading as the British retailer reacts to customers’ shift to online spending and its stagnant non-food division sales. On Wednesday, the retailer said a total of 430 workers ...

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Tesco makes self-checkout service changes

Thursday 30 July 2015 - Posted by Veebs Sabharwal

Following feedback from customers, Tesco is to introduce a new audio voice to its self-service and ‘scan as you shop’ checkouts. What the grocer describes as “friendlier, more helpful and less talkative”, the machines will no longer frustrate customers with the infamous phrase, ‘unexpected item in the bagging area’. The supermarket chain first introduced self-service checkouts in 2003, p...

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Express Gifts continues to boost Findel

Thursday 30 July 2015 - Posted by Veebs Sabharwal

Home shopping retail group Findel has made a “solid start to the year,” with total sales up by 1.9%. The early weeks of the financial year are relatively quiet periods for Findel’s gift business Express Gifts and sports division Kitbag, although they form part of the peak “back to school” ordering period for Findel Education. At the Annual General Meeting to be held at 11.00am today David S...

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E-tailers are overlooking the rise of the ‘grey pound’

Thursday 30 July 2015 - Posted by Veebs Sabharwal

Online retailers are failing to tap into the ‘grey pound’, with just one in five (22%) marketers targeting older shoppers online, despite shoppers aged 55 or over set to account for £14.45 bn of online spend in 2015. With the over 55s set to make up a third of the population and two-thirds of retail activity by 2025, digital marketing agency Greenlight commissioned research to better understan...

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