Pentland Brands, the owner of brands such as Speedo, Berghaus and Ellesse, has joined mission-led start-up The People to form a new youth advisory board. The company is seeking people under the age of 30 in its key markets of the UK, USA, India, Vietnam and China to join a focus...
Aldi has launched price cuts on a range of ten fruit and vegetable products. The supermarket said customers will see prices drop by up to 36% across items such as avocados, red peppers and easy peelers, as well as staples like baking potatoes and sweetcorn. In recent weeks, Aldi has lowered the...
Matalan’s total revenues fell by 8% to £263.6 million in the 13 weeks to 27 May after the clothing and homewares retailer was hit by the cost-of-living squeeze and cool spring weather. In a trading update, the company said it had noticed that fewer customers were spending on non-essential items as...
Poundland has reduced the price of some big-selling branded items, back to a £1 price point. Dubbed ‘Operation Sell for Less’, the move will see the reductions being applied across Poundland stores this morning as the retailer passes on the benefit of lower costs to customers. Examples of items falling from £1.25...
Greggs has opened its first London airport store at Gatwick’s South Terminal. The retailer said the move marks a major milestone in its expansion strategy, which focuses on extending beyond the high street to key transport hubs across the UK. Creating 50 new jobs, the shop will be open 24 hours a...
The John Lewis department store has launched a new virtual ‘Try It On’ service for customers of its fashion rental offering. To use the service, customers are asked to upload their headshot and input their height, bra size and dress size which then allows them to click on the ‘Try It...
The Asda supermarket chain has cut the prices of more than 200 own-label products. The 226 items, which have been reduced in price by an average of 9%, span the fresh fruit and vegetables, frozen meat and fish categories, as well as cupboard staples and popular ready meals. This initiative comes as...
Dunelm has said its full year profit is likely to be slightly ahead of current market expectations after sales increased by 6% to £381 million in its fourth quarter. In the 13-week period to 1 July, digital sales made up 39% of total sales, which is two percentage points higher than...
Furniture retailer DFS has said it achieved a record market share of 38% in the year to 25 June. In a trading update, the retailer said underlying pre-tax profit in the period was in line with previous guidance at slightly above £30 million, despite the furniture market being “significantly worse” than...
Authentic Brands Group, the owner of fashion brands such as Ted Baker, Hunter and Juicy Couture, has appointed Kevin Wills as chief financial officer. With nearly two decades of experience in financial leadership roles across the fashion, retail and consulting sectors, Wills previously served as chief financial officer and member of...
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