Author: Dave Antrobus
Represent, a streetwear brand, is set to open its first UK store in Manchester, the brand’s hometown.The store, located on New Cathedral Street, spans 5,419 square feet and is the brand’s first permanent UK retail space.A section of the store is dedicated to Represent’s performance wear line, 247, which is rapidly growing.Represent has seen significant sales growth, averaging 81.4% over the past three years.The company is on target to achieve £100m turnover by the end of the year.Represent, a renowned streetwear brand, will welcome customers to its first UK store in Manchester this Saturday, marking an important chapter in the…
Dunelm reports a modest uptick in sales during its first quarter, navigating through challenging market conditions.Sales increased by 3.5% amounting to £403m, attributed to volume growth.Digital revenue rose, now representing 37% of total sales, indicating improvements in online offerings.Market share gains were observed alongside progress in strategic priorities.Plans for expansion with a London store launch and further superstore openings are underway.In the first quarter, Dunelm achieved a modest sales growth of 3.5%, reaching £403 million, despite challenging market conditions. This growth was primarily driven by an increase in sales volume and was achieved against a backdrop of a strong prior…
The potential acquisition of fashion chain White Stuff by Foschini Group is progressing rapidly. This move could significantly impact the high street fashion landscape, particularly in the UK.An agreement for Foschini Group to buy White Stuff might be finalised shortly, according to insider reports.The potential purchase price is speculated to be around £50 million, although negotiations continue.Foschini Group’s expansion strategy includes a forthcoming flagship store in Liverpool, which will showcase multiple brands.Investment bank Rothschild is facilitating the current discussions following interest from a previous buyer.The potential acquisition of White Stuff by the Foschini Group, which owns prominent UK fashion brands…
The Competition and Markets Authority (CMA) is taking legal action against mattress retailer Emma for allegedly misleading discounting practices online.Emma, a leading mattress brand, is under scrutiny over its use of countdown timers and reference pricing that may mislead consumers.The CMA has been investigating Emma for two years, seeking to address concerns about its sales tactics.Despite prior discussions, Emma has not made sufficient changes to satisfy the CMA’s requirements.The case has been escalated to the High Court in pursuit of an enforcement order to alter Emma’s sales practices.The Competition and Markets Authority (CMA) is initiating a legal battle against the…
Tony Hoggett leaves his position as Amazon’s grocery head to pursue further career goals.Hoggett introduced significant changes to Amazon’s grocery strategy during his tenure.His departure marks the end of nearly three years of innovative endeavours at Amazon.Colleagues and company leadership express gratitude and optimism about his contributions.The transition represents a pivotal moment for Amazon’s grocery division.Tony Hoggett, who served as the senior vice president of worldwide grocery stores at Amazon since 2022, has decided to step down to explore the next phase of his professional journey. With a notable career at Tesco as the group chief strategy and innovation officer…
Mike Ashley is determined to transform Boohoo Group amid its financial challenges.Ashley has publicly expressed his interest in the vacant CEO position at Boohoo Group.The fashion retailer has faced significant setbacks, including a controversial refinancing deal.Frasers Group now holds a significant 27% stake in Boohoo Group.Boohoo Group has disputed Ashley’s claims and characterisations of their financial strategies.Mike Ashley, the founder of Frasers Group, has openly declared his commitment to reversing the fortunes of Boohoo Group after making a bid for its vacant CEO position. His statement, ‘I am all in,’ underscores his willingness to invest time and resources, including regular…
Retail leaders anticipate Chancellor Rachel Reeves’ budget announcement with hopes pinned on vital reforms.Marks and Spencer highlights its significant tax contributions and hopes for business-friendly measures.Retailers urge the government to simplify business rates, safeguarding high street shops from financial strain.Widespread concern arises over potential National Insurance increases impacting employment opportunities.Retailers press for continuation of fair interest rates to bolster consumer spending.As Chancellor Rachel Reeves prepares to deliver her inaugural budget, the retail sector stands vigilant, particularly focused on potential reforms to business rates. Retail executives express a unified hope for measures that will relieve the heavy tax burdens impacting both…
Uniqlo is expanding its presence in the UK with a new store in Liverpool next spring, enhancing regional growth.The store will span 1,430 sq m across two floors, featuring the LifeWear collection for all ages.Liverpool One was chosen due to its strategic location and high visitor potential, according to COO Alessandro Dudech.Grosvenor’s Rob Deacon highlights Liverpool One’s appeal to international brands, welcoming Uniqlo as a new addition.This marks an ongoing expansion for Uniqlo in the UK, following recent openings in prominent locations.Uniqlo has unveiled plans to open a new store in Liverpool One, a prime retail destination in the UK,…
Majestic Wine collaborates with Just Eat, launching a rapid delivery service for wines, spirits, and beers, aiming to meet rising demand nationwide. The service kicks off in 43 stores, including major cities, and will extend to 177 by Christmas.Customers can access hundreds of wine options and premium spirits, available for delivery in as fast as 30 minutes via the Just Eat app.This initiative builds on Majestic’s existing partnerships with other rapid delivery services, enhancing their local delivery capabilities.Majestic’s ecommerce contributes significantly to its retail sales, driven by the popularity of the Shop Local option for quick store collection and home…
The UK’s leading supermarkets are preparing for substantial financial impacts due to imminent National Insurance changes.Britain’s major supermarkets, including Tesco and Asda, anticipate a £200 million increase in National Insurance contributions.The government’s planned tax hike is expected to affect employers with a two-percentage point rise impacting retailer profits.This development coincides with a rise in minimum and living wages forecasted for 2025, adding pressure to retailers.Industry figures express concern over economic challenges, highlighting potential effects on both businesses and consumers.The UK’s retail sector is on edge as the Chancellor prepares to introduce an increased financial burden on large supermarket chains. Major…
