Boohoo has posted a decline in full year profits following lower than anticipated growth. In the year to 28 February, sales increased by 14% to £2 billion and by 61% on two years ago. However, adjusted EBITDA dropped by 28% to £125.1 million year-on-year, but was broadly flat against two years ago....
MATCHESFASHION has named Dave Murray, former senior Vice President of finance at Farfetch, as its new CFO. Murray will be joining the global luxury retailer this autumn replacing Sean Glithero, who is taking a career break. Murray brings 20 years of experience in the luxury and retail sectors and spent three years...
Next saw its full price sales rise by 21.3% year-on-year in the 13 weeks to 30 April. The retailer said the strong increase was expected considering that most of its retail stores were shut for the majority of the first quarter last year. Sales in its bricks-and-mortar stores were particularly buoyant...
Tesco has started working with Uber to help expand its rapid grocery delivery service. Uber said its network of Uber Eats couriers will now be responsible for making deliveries of Tesco products ordered via the supermarket’s Whoosh service. Tesco launched its Whoosh service, which aims to deliver food and drinks in under...
Joules has posted a 20% increase in revenue in the 13 weeks to 1 May, although its profit has come in below management’s expectations for the period. In a statement, Joules said profit has been impacted by an increasingly promotional environment with reduced demand for full price items as well as...
New figures have shown that retail footfall rose by 3.1% last week from the previous seven day period. According to Springboard, footfall was also up over the May Bank Holiday weekend, with an uplift of 8% across Saturday 30 April to Monday 2 May. The strong increase meant that the gap...
Schuh has opened a new distribution centre in Dublin to help drive growth in Europe. Spanning 49,000 square feet, the facility will be used to supply products to Schuh’s ten stores in Ireland and to fulfil orders made through Irish, German and EU websites. It will also enable the retailer to...
New research by Tesco shows that the average British family is wasting approximately £800 worth of edible food a year. The nationwide study reveals three quarters of UK households (77%) say they throw away unopened or unused food, more than a third (37%) doing so on at least a monthly basis...
The John Lewis Partnership is to recruit 150 tech specialists as part of an investment in its online business. The owner of the John Lewis department store and Waitrose supermarket chains has seen online sales surge since the outbreak of the Covid-19 pandemic and its websites now have more than 55...
Hamleys has launched what it says is London’s biggest multi-brand dedicated gaming space at its Regent Street store. Open seven days a week, the 3,000 square foot area features 13 play zones that are available to play solo or in competition with expert Hamleys Gamer Pros. The move marks a major new...
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