The Boxpark retail and leisure concept broke even in the year to April 2021 despite all sites being closed during Covid-19 lockdowns. The group’s accounts show that it posted £0.1 million in pre-exceptional cash operating profits in the period, compared with £2.5 million in the previous financial year. However, group revenue fell...
Bensons for Beds made a return to operating profitability in the five months 30 September as its transformation programme gathered momentum. In addition, the retailer saw its like-for-like sales increase by 10.5% in the seven weeks to 15 January. Bensons attributed the growth to investment in its omnichannel strategy which included a...
Adidas and Prada collaborate on NFT projectPrada and Adidas Originals have jointly collaborated to launch its first NFT collection, a crowd-sourced artwork collage. Starting from 24 January, anyone is able to register to submit a photograph using a specially-designed filter that is then manipulated, scrambled and 40% reduced so it can...
Yoox has announced the launch of the Yoox Marketplace in Europe. The new marketplace, which is available in almost 30 countries, will carry around 700 brands and 150,000 items across clothing, accessories, jewellery and footwear. A selection of sustainable brands will be available on the site’s marketplace. These will follow the ‘Good...
Nespresso has launched a new experiential store at the Trinity Leeds shopping centre as part plans to elevate its retail approach. The boutique style shop features a ‘Taste & Discover’ area where customers can explore and create their own coffee recipes using iPad tutorials and Nespresso machines. In addition, augmented reality...
The Works has grown its half year revenue by 30.6% year-on-year and delivered record Christmas sales despite the emergence of the Omicron Covid-19 variant. In the six months to 31 October, the art, crafts, book and toy retailer achieved strong two-year like-for-like sales growth of 14.5%, which was ahead of expectations. Adjusted...
Dunelm has hired Mastercard UK and Ireland president Kelly Devine as a non-executive director. She will join the Dunelm board on 1 March and will be a member of the audit and risk, remuneration and nominations committees. Devine has been credited with overseeing significant market share expansion at Mastercard as well as...
N Brown has posted a 5.5% increase in third quarter revenue within its five core brands which offset a managed decline in its legacy brands. In the 18 weeks to 1 January, the company put in a strong performance in the clothing and footwear category through the peak Christmas trading period,...
Deliveroo hailed a strong end to “another extraordinary year” as the total value of orders jumped by 70 per cent to £6.63 billion to hit the top end of the guidance. Food delivery company Deliveroo said the gross transaction value (GTV) – the total paid by consumers – grew 36 per...
Forever 21 has named Winnie Park as its new chief executive with the appointment effective immediately. Park has joined the fashion retailer from Paper Source, where she has served as chief executive for the past six years. During that time, she was credited with transforming the company from a bricks-and-mortar retailer...
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