New figures have shown that the recovery in UK retail footfall slowed last week when the RMT Union held its rail strikes. The figures from the British Retail Consortium reveal that footfall was down 3.9% compared with the average of the previous four weeks. Thursday was found to be the worst performing...
Boohoo has launched its first modest collection in collaboration with Graduate Fashion Week student Sameera Mohmed. Featuring over 30 pieces, including shirts, high-waisted trousers, headscarves, maxi dresses and jeans, the range has been designed with modesty in mind. As part of its wider dedication to mentorship and education within the fashion industry,...
According to Sky News, Baring Private Equity Asia has instructed PriceWaterhouse Coopers to seek a new owner for Cath Kidston. Cath Kidston collapsed into administration in April 2020 with the loss of 900 jobs. Prior to that, the company was in the middle of a turnaround plan, but then the Covid-19...
Cake Box has posted strong uplifts in full year sales and profit despite a challenging economic and trading environment. In the year to 31 March 2022, the specialist retailer of fresh cream cakes saw its revenue increase by 50.7% to £33 million and its pre-tax profit climb by 83.3% to £7.7...
Matalan has reported a strong sales uplift in the year to 26 February despite six weeks of store closures at the beginning of the period. While EBITDA rose to £197.8 million from £80.5 million year-on-year, revenue increased to over £1 billion from a previous £744.1 million. Meanwhile, pre-tax losses narrowed to £7.7...
Watches of Switzerland Group is beginning a preliminary expansion across Europe with the opening of several new mono-brand boutiques. The group has already opened a Breitling store in Stockholm on 16 June, and this will be followed by a roll out of further Breitling stores in Stockholm Mall of Scandinavia and...
eBay has acquired NFT marketplace Known Origin as part of its tech-led transformation. Founded in 2018 in Manchester, Known Origin enables artists and collectors to create, buy and resell NFTs via blockchain-support transactions. eBay said the move will empower a new wave of NFT creators, sellers and buyers. eBay has made significant upgrades...
The Perfume Shop has celebrated its strongest ever Father’s Day trading period when sales of men’s fragrances rose by 5% on 2019 in the two weeks leading up to the day. The retailer sold over 119,000 bottles of men’s fragrances in the period. Meanwhile, in-store and online retail sales climbed by 24%...
Boohoo has appointed Shaun McCabe as its new chief financial officer. He currently holds the same role at Trainline and has previously worked as international director at Asos and chief financial officer at Amazon Europe. He is also currently a non-executive director at Boohoo where he chairs the audit and risk...
Gravity Active Entertainment (“Gravity”), the UK’s fast-growing leisure and entertainment company, today announces its next big box location, with a £10 million investment into a new leisure experience at Westfield Stratford City. Gravity continues to innovate and push the boundaries of leisure in the UK, and this 60,000 sq ft venue...
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