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Amazon milk coming soon

Friday 29 May 2015 - Posted by Editorial Assistant

E-commerce giant Amazon has announced its plan to offer own-brand food produce as an extension to its Elements business. The customer- inspired Elements label, which currently sells “premium” products for infants such as diapers and wipes, is set to expand its product line to include everyday food and drink produce like milk, cereal and baby food. It will also offer household cleaning products...

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Abercrombie & Fitch shows signs of improvement

Friday 29 May 2015 - Posted by Veebs Sabharwal

Abercrombie & Fitch reported a same-store sales decline for the 14th consecutive quarter yesterday, but a decline that is lessening. The teen apparel retailer could be recovering, due largely in part to its Hollister brand and recent efforts to reposition itself. Earlier this year the brand diluted former CEO Mike Jeffries’ infamous ‘Look Policy’ as well as removing dim lighting and lou...

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International spend returns to strength in 2015

Friday 29 May 2015 - Posted by Veebs Sabharwal

International spend is back to strength for 2015 following a slowdown in growth last year, and London’s West End is reaping the benefits. Spend in the West End is up 4% YOY to date according to Global Blue, following a 3% YOY decline in 2014, as shoppers from top spending nations China, Middle East and South East Asia are shown to be spending over a third (38%) more in the capital’s top shoppi...

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Can BHS re-claim its rightful place or is it too late?

Friday 29 May 2015 - Posted by Guest Piece

According to The Independent, BHS boss Darren Topp is planning to return BHS to its ‘rightful place’ on the high street, through a series of tie-ups with other retailers. There’s nothing wrong with the idea of essentially borrowing other brands’ equity to increase relevance and provide a better customer experience. Concessions are a tried and tested tactic for department stores and have pro...

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Checkout abandonment rate reaches record-low in Q1

Thursday 28 May 2015 - Posted by Editorial Assistant

Online checkout abandonment rates fell to a record low of 26% in the first quarter this year, a steady improvement from checkout abandonment rates of 30% last year, and 35% in 2013, according to IMRG Capgemini’s Quarterly Benchmarking report. The results give insight into the way consumers shop online finding that 58% of traffic to online retail sites now comes via a smartphone or tablet de...

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Gucci surprises China with up to 50% off discounted goods

Thursday 28 May 2015 - Posted by Editorial Assistant

Gucci is offering as much as 50%off its goods in China as the Italian luxury fashion label aims to clear older merchandise designed by its former Creative Director Frida Giannini. Sales in Gucci’s China branches have encouraged lines of shoppers to form since sunrise to bag the best deals. The Italian fashion house’s CEO Marco Bizzarri is working to reposition the brand as a result of its d...

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Screwfix improving Kingfisher’s revenue

Thursday 28 May 2015 - Posted by Veebs Sabharwal

B&Q and Screwfix owner Kingfisher has reported a 0.8% rise in retail profits to £150m in the first three months of the year, hit by instability in the foreign exchange markets Europe’s largest home improvement retailer saw sales total £2.6bn in the first quarter, a rise of 4.5% on the previous year. The UK and Ireland continued to be the best performing region for sales, which rose b...

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Michael Kors is losing its cool

Thursday 28 May 2015 - Posted by Veebs Sabharwal

Where once Michael Kors was the maker of the ‘it’ watch and the ‘it’ bag, ‘it’ has steadily oversaturated the market. Shares fell as low as 24% yesterday, after warnings from the US retailer that same-store sales growth would flatline this year, after almost a decade of gains. The luxury lifestyle brand has been hit hard by reduced footfall in malls and poor sales of watches.  Consumers ...

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Profits soar in B&M’s results

Thursday 28 May 2015 - Posted by Veebs Sabharwal

B&M European Value Retail could double its estate to almost 900 stores after it announced flourishing sales and profits this morning. Following its IPO last year, the discount chain, which chaired by former Tesco boss Sir Terry Leahy, increased total full year revenue by almost 30% to £1.65bn, underlining the group’s swift expansion. The company cites its growth as a result of  “cons...

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Tesco pioneers Weve mobile couponing services into new store

Thursday 28 May 2015 - Posted by Editorial Assistant

Tesco has announced a joint business venture with O2-owned Weve on a mobile couponing initiative. The aim is to employ location-tied mobile coupons to drive awareness and increase footfall. Tesco has been largely focussed on digitising its coupons to increase the use of mobile as part of its drive towards a better shopping experience for customers. Shelly Chotai, FMCG Partnership Manager at...

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