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Step aside Black Friday, meet Prime Day

Monday 06 July 2015 - Posted by Editorial Assistant

Next week, on the eve of its 20th birthday, ecommerce  giant Amazon is introducing Prime Day: a global shopping event promising to offer more deals than the legendary Black Friday event it started 90 years ago. Prime Day will be exclusive to Prime members in the US, UK, Spain, Japan, Italy, Germany, France, Canada and Austria. On July 15 new and existing members will find deals starting at ...


AO World to expand into new European markets

Monday 06 July 2015 - Posted by Veebs Sabharwal

White goods e-tailer AO World is poised to launch in Austria and the Netherlands, as part of ambitions to dominate every country in Europe. According to The Telegraph, both markets could be viewed as a logical extension to AO’s recently set-up German operations. The retailer launched in Germany late last year, its first operation outside the UK and Ireland. John Roberts, founder and chie...


Sale of Wilko generates family £63m

Monday 06 July 2015 - Posted by Veebs Sabharwal

Half of the family behind the value retailer Wilkinson have pocketed £63m by selling out of the chain. After 85 years of running the company together, the Wilkinson family split last year and Karin Swann, the founder’s granddaughter and joint chairman, left the board. According to The Telegraph, Swann’s side of the family collected £63m from selling their holding in the company to the re...


Superdry eyeing entry into China

Monday 06 July 2015 - Posted by Veebs Sabharwal

Supergroup, parent company of Superdry, is said to be closing in on a deal to take its Superdry brand to China. The group is in in talks with a joint venture partner about entering the country, reported The Sunday Times. Supergroup already amasses over 190 stores in Europe, and in March it took back a distribution licence in America from Sunrise Brands, irritated at a slower-than-wanted rat...


Paperchase could sell for £150m

Monday 06 July 2015 - Posted by Veebs Sabharwal

US based private equity firm Paladin Capital is poised to gift itself with a purchase of Paperchase. According to Sky News, Paladin is close to wrapping up a £150m acquisition of the stationary and gift card chain in a deal that would mark the latest high street retailer to change ownership. The talks aren’t exclusive, but Paladin is the favoured party, according to sources close to the ...


IKEA plans small-format stores in Australia

Friday 03 July 2015 - Posted by Veebs Sabharwal

A trip to IKEA is like a whole day out for the family but now the Swedish furniture giant is planning on doubling its size in Australia, with the introduction of 12 new ‘micro stores’ with a smaller, simpler format. These stores would be less than a third of the current hypermarket stores, which stand at 30,000 sq m, according to The Sydney Morning Herald. It is understood that the numbe...


Unilver expands skincare business with Murad

Friday 03 July 2015 - Posted by Veebs Sabharwal

Unilever is pursuing a healthier lifestyle, investing more and more in personal care, and pulling back on food. Yesterday the consumer goods giant signed an agreement to acquire upmarket skincare brand Murad, the fourth specialist skincare line Unilever has bought recently following the purchase of Dermalogica, Kate Somerville and REN. The move means the company is positioning itself as a key ...


Retailers will be able to target 300,000 London commuters via bluetooth

Friday 03 July 2015 - Posted by Veebs Sabharwal

In a commercial first, Exterion Media, the out-of-home advertising business, is collaborating with Proxama mobile marketing technology to equip 500 London buses with beacon technology. A participating retailer’s app will be able to use the connection to send targeted messages and alerts to 300,000+ London bus riders daily, although no brand partners have been announced to date. This cre...


Dixons Carphone could open 500 stores in the US

Thursday 02 July 2015 - Posted by Veebs Sabharwal

Dixons Carphone, the UK retailer which was created through a merger last year, has announced that its Connected World Services (CWS) division is partnering with American telecoms company Sprint Corporation, to open and manage a significant number of Sprint-branded stores in the US. Sprint has nearly 60m customers. Initially, the electronics specialist will supply mobile phone retail experti...


BrightHouse heading in the right direction

Thursday 02 July 2015 - Posted by Veebs Sabharwal

BrightHouse, the home furnishing retailer and the UK’s largest rent-to-own company, will expand with 20 new stores this year.   In a trading update this morning, BrightHouse said that pre-tax profits jumped by 16% to £19.6m in the year to the end of March, on revenue up 5.5% to £351.7m “The business has grown consistently over the nine years. We serve a group of 7m low-income households ...

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