Evans Cycles has announced their latest store opening in Preston, Lancashire, appearing as a concession as part of the new Sports Direct store. The retailer said it hopes to support the needs of the growing number of cyclists in and around Preston, and promote cycling generally as an active form of...
Stila Cosmetics has appointed an independent manager to help guide the company and also hired Michelle Kluz as chief executive. Kevin Carey, senior counsel at Hogan Lovells’ corporate and finance practice group, will serve as manager of Stila Styles with responsibility for guiding the Stila leadership to “set a course that...
Bensons for Beds has teamed up with Absolute Radio’s Cash for Kids charity to help children across the country who do not have their own bed to sleep on. During their show on 18 July, Absolute drive-time presenters Bush and Richie highlighted the impact the economic climate is having on families...
The Guardian has reported that nearly half of small companies outside the FTSE 350 have under a third of board roles occupied by women, with three-quarters entirely white. Half of the smaller 252 companies listed on the London Stock Exchange have no female executive leaders such as chief executives and chief...
UK retail sales improved in July as more people bought picnic food and summer fashion items during the heatwave. Figures from the British Retail Consortium and KPMG show that total sales increased by 2.3% in the month compared to an uplift of 6.4% in July 2021. On a like-for-like basis sales...
Amazon has agreed to acquire the Roomba vacuum maker iRobot as part of plans to accelerate its growth beyond retail. The online retail giant will buy iRobot in an all-cash transaction valued at approximately $1.7 billion. The purchase will also include iRobot’s net debt. Having introduced the first Roomba robot vacuum in...
New figures have shown that people are increasingly turning back to cash as they look to control their spending during the cost of living crisis. The Post Office has revealed that personal cash withdrawals at its post offices rose by almost 8% month-on-month to a record £801 million in July. In...
It has been reported by The Guardian that the UK data watchdog is to investigate whether artificial intelligence systems are showing racial bias when dealing with job applications. The Information Commissioner’s Office said AI-driven discrimination could have “damaging consequences for people’s lives” and lead to someone being rejected for a job...
Shares for Crocs dipped 10.7% on Thursday as the footwear company, which completed its acquisition of Hey Dude earlier this year, cut its forecast despite beating earnings expectations. In the second quarter, revenues for the Colorado-based company rose 50.5% compared to the same time last year to $964.6 million. By segment,...
One of the largest investors in fast fashion giant Boohoo has slashed its stake. Rowe Price International now has a holding of just under 5% in the Manchester-headquartered group, down from 9.7%. The firm had been the largest institutional investor in Boohoo and its second overall, behind co-founder Mahmud Kamani. Other mayor investors...
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