Footwear retailer Deichmann has opened its new 165,000 sq ft warehouse in Corby, Northamptonshire. The £3m Deichmann warehouse will create 50 new jobs in the area and supports Deichmann’s ongoing growth, further improving service levels across the business, it said. Corby was chosen as the site for the brand’s new UK distribution facility as a... Continue Reading →

Social media brand Meta, formerly the Facebook Company, is opening its first permanent Meta Store for customers to purchase its virtual reality products as a "gateway to the metaverse". The 1,550-square-foot shop will open on 9 May in Burlingame, California, near the company's Reality Labs campus – a research and development hub for virtual reality products. Meta Store is the social... Continue Reading →

Boots operates 2,200 stores in the UK, including pharmacies, health and beauty stores. India’s largest listed company Reliance Industries and US buyout firm Apollo Global Management, are planning a joint bid for the UK health and beauty retailer Boots, a spokesperson for Apollo confirmed. If their bid for Boots is successful, both Reliance and Apollo would own... Continue Reading →

Meta is launching its first hardware retail store on its campus in Burlingame, California. The store, which opens May 9th, will let visitors try out and buy Meta’s Portal videophones and Quest virtual reality headsets. They’ll also be able to demo the Ray-Ban Stories smart glasses that debuted last year and get help ordering them online. Meta’s store... Continue Reading →

Primark will raise prices on selected items Primark will be forced to raise prices in its second half as it is unable to offset rising costs. The fashion giant had managed to keep prices static in spring/summer, however, it admitted it will “implement selective price increases” across its autumn/winter stock. However, George Weston, chief executive of Primark... Continue Reading →

Aditya KalraApril 23, 20221:35 PM GMT+1Last Updated a day ago MUMBAI, April 23 (Reuters) - India's top retailer Reliance (RELI.NS) on Saturday called off its $3.4 billion deal with Future Group, saying it "cannot be implemented" after Future's secured creditors rejected it. The deal was at the centre of legal battles since 2020 after Future's partner Amazon.com... Continue Reading →

South African value fashion and homeware retailer Mr Price recently announced acquiring 70 per cent of the ownership of the Studio 88 Group, which includes the SideStep, John Craig, Skipper Bar brands, for 3.3 billion rand (R). The partnership gives Mr Price “an ideal entry into the high-growth urban wear and athleisure segments”, and presents... Continue Reading →

Banana Republic has announced it is closing its UK website on the 31 May. Banana Republic had nine stores across the UK, but made the decision to close them all in 2016 due to falling sales. While its high street presence ended, Banana Republic continued to be available online via its own website in the UK.... Continue Reading →

Going online-only is a big risk retailers have been willing to take after the Covid-19 pandemic presented a set of challenges. While some retailers decided to accelerate their online offerings via click-and-collect and rapid home deliveries, others saw their business collapse. TM Lewin recently secured a rescue deal and will be relaunching as an online brandbut... Continue Reading →

Boots trades from more than 2000 stores and employs over 50,000 people // Walgreens risks shedding billions after the one-time favourite to purchase Boots valued the retailer at a steep low cost The American owner of Boots could risk losing billions after the chemist and health and beauty retailer was valued at a steep discount. Walgreens has... Continue Reading →

Gymshark is set to make redundancies in its international business Gymshark is set to make redundancies as part of a restructure of its international business, with 121 jobs at risk. The roles on the line are global and are subject to a consultation process, which will take place before the end of Gymshark’s financial year... Continue Reading →

Morrisons private equity buyers have agreed to sell a number of petrol stations to accelerate the £7 billion takeover. Clayton, Dubilier and Rice, which also owns forecourt operator Motor Fuel Group (MFG), won over control of the Big Four grocer in October. However, the Competition and Markets Authority launched an investigation because MFG owns 921... Continue Reading →

UK retailer says security breach has not given hackers access to customer payment data A cyber-attack targeting The Works has caused the closure of some of the retailer’s stores, delayed the resupply of stock and online order deliveries to customers. The cut-price seller of books, crafts and toys, which operates 520 stores across the UK,... Continue Reading →

Next opened its first department store in Watford this week // Next opens new department store in Watford that brings together its fashion, home and beauty offer for the first time // The store spreads across three floors and is more than 94,000 sq ft Next has opened a new department store which combines the brand’s home,... Continue Reading →