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Future of luxury goods in online marketplaces hangs in the balance

Thursday 30 March 2017 - Posted by Elias Jahshan

Europe's highest court has commenced a case that could decide if luxury brands can stop retailers from selling their products via online marketplaces such as Amazon or eBay. The case in question concerns German company Coty, a subsidiary of US beauty products maker Coty Inc, w...

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John Lewis managing director confirms more redundancies on the way

Thursday 30 March 2017 - Posted by Elias Jahshan

John Lewis has confirmed there will be more redundancies this year as it continues to reinvent itself, its new managing director said today. Speaking to journalists at the department store chain’s London headquarters today, Paula Nickolds said that as back-end functions were b...

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Drake's OVO fashion brand to make European debut in London

Thursday 30 March 2017 - Posted by Elias Jahshan

Reports have emerged that Canadian hip-hop artist Drake is set to open a flagship for his October’s Very Own (OVO) fashion brand in London. According to Drapers, the store has secured a lease at 30 Broadwick Street in the Soho district.# Once opened, it would not only be a fla...

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Superdrug parent company posts 47% online sales increase

Thursday 30 March 2017 - Posted by Elias Jahshan

The parent company of Superdrug and The Perfume Shop has delivered an overall 47 per cent increase in online health and beauty sales in 2016, thanks to a major investment in its ecommerce platform. In Europe, AS Watson recorded a 42 per cent sales increase in 2016 with cosmeti...

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DFS exceeds £1bn in sales for the fist time in 47 years

Thursday 30 March 2017 - Posted by Ben Stevens

DFS's half year sales indicate a healthy uplift amid warnings of a post Brexit market slowdown. The furniture retailer’s pre-tax profits for the 26 weeks to January 28 saw a three per cent boost to £16.7 million while total revenues rose by seven per cent to £379.9 million. Gr...

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H&M to open largest UK store next month

Thursday 30 March 2017 - Posted by Elias Jahshan

H &M’s largest UK shop at Westfield Stratford is set to open next month, marking the start of a new “global flagship” for London. Westfield Stratford City, one of Europe’s largest shopping centres, is already home to an H&M store but it will relocate and expand into a full-con...

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BRC launches student competition to fight retail cyber crime

Thursday 30 March 2017 - Posted by Ben Stevens

As part of the British Retail Consortium’s (BRC) campaign to tackle the threat of cybercrime on the UK retail industry, students are being called upon to offer ideas. A contest hosted by the BRC has invited students from any higher education establishment to propose ideas on h...

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H&M Group announces new brand Arket amid "rapid change" in fashion sector

Thursday 30 March 2017 - Posted by Ben Stevens

H &M Group has released its quarterly results while announcing the launch of a new fashion brand Arket. Group sales from December 1 to February 28 saw a seven per cent rise to £50.6 million but margins were reportedly hit by a sales slowdown and higher-than-planned markdowns. ...

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Booker says it's "business as usual" as margins hit by plummeting tobacco sales

Thursday 30 March 2017 - Posted by Ben Stevens

Booker has released its fourth quarter results, revealing a marginal rise in sales ahead of its landmark merger with Tesco. In the 12 weeks to March 24, Booker — a wholesaler that also owns the Budgens, Londis and Premier convenience store brands — reported a 0.7 per cent rise...

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Poundland accelerates push to sell items over £1

Thursday 30 March 2017 - Posted by Ben Stevens

Poundland is set to make a major push in its roll out of discount clothing brand Pep&Co, aiming to sell it in 100 of its stores by the end of the year. Following a lengthy £610 million acquisition by South African company Steinhoff, which also owns Pep&Co, the discount retaile...