Greeting cards retailer Card Factory has reported trading ahead of expectations after it benefited from customers’ continued return to the high street. Sales in the 11 months to 31 December rose to £432.6 million from £337.3 in the same period in the prior year. Meanwhile store revenue grew by 7.1% on a...
The owner of Sports Direct and House of Fraser has reduced its stake in Hugo Boss after previously upping its investment into the luxury fashion house. Frasers Group said it now owns 3.9% of Hugo Boss’s total share capital, a decline from the 4.3% that it previously owned. The retail empire, headed...
H&M has launched a new immersive experience on Roblox that enables players to experiment with materials and patterns to create a virtual garment and wardrobe for their avatar. In a partnership with metaverse studio Dubit, H&M Loooptopia also puts circular actions at the heart of the fun. The 3D experience features social...
Asda has extended its popular ‘Kids Eat for £1’ and ‘Winter Warmers’ deal for pensioners until the end of March as it looks to help more customers cope with the cost of living crisis. The supermarket has been offering kids aged under 16 the opportunity to have a hot meal in...
Myprotein has teamed up with Iceland to launch its first frozen meal-prep range. Stocked online and in more than 1,000 Iceland stores, the offering comprises 15 low-calorie, high-protein frozen meals and snacks, with prices starting from £4.00. The move follows a deal announced in September in which THG-owned Myprotein signed a five-year...
Victoria’s Secret & Co has completed its acquisition of the Adore Me online lingerie retailer. In a statement, Victoria’s Secret said it will use Adore Me’s digital expertise to continue to improve the Victoria’s Secret and Pink customer shopping experience and accelerate the modernisation of its digital platform. Founded in 2011, Adore...
Waitrose will no longer sell single use vape products. The supermarket had previously decided not to enter the burgeoning market of single use vaping devices, but has now delisted imitation cigarettes containing lithium, which it sold under the Ten Motives label. In addition to having worries about the environmental impact of...
Footfall on this year’s Boxing Day was 38.8% higher than in 2021 despite the impact of the cost-of-living crisis and train strikes. According to retail specialist Springboard, the number of visits to shopping destinations was up 50.1% on last year by 12pm but the rise tapered off as the day progressed. Whereas...
The BBC has reported that the past couple of years has felt like battle after battle for retailers. Not only the Covid pandemic, but the soaring cost of energy, staff shortages and rising wage bills made business tough. That has been topped off by an economic downturn, that is prompting...
Aldi has delivered its best ever Christmas with sales growing by 26% and topping £1.4 billion in December for the first time. Fresh meat trading was particularly strong with fresh poultry and pork sales both rising by over 28%. Alternative roasting joints such as Specially Selected Decorative Gammon were also popular...
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