The Good Ship M&S Never Had It Better

Good times.Photographer: ADRIAN DENNIS/AFP Andrea Felsted25 May 2022, 10:59 BST Britain’s retail stalwart emerged from Covid in excellent shape. Unfortunately, the good times are coming to an end. “Never the same again” was the name Marks & Spencer Group Plc gave to its effort to transform in the wake of Covid-19. But perhaps “Never had it so good”... Continue Reading →

Abercrombie & Fitch share price nosedived — CEO Fran Horowitz explains why and how she plans to turn it around

Abercrombie & Fitch shares plummeted on Tuesday after the company reported a shock loss and revealed its inventories had surged from a year ago. The company posted a net loss of $14.8 million for its first fiscal quarter — compared to net income of $42.7 million a year earlier. The net loss worked out as... Continue Reading →

The Very Group revives £4bn IPO plans

The Very Group called off an IPO last year due to stock market volatility // The Very Group owners, the Barclay family, is targeting floating the business in mid-2023 // The online retail group had been gearing up to an IPO last year but called off plans amid growing volatility over tech stock The Very Group... Continue Reading →

Google opens second retail store

By Tatiana Walk-Morris Courtesy of Google Dive Brief: Google on Wednesday announced it is opening a retail store in Williamsburg, Brooklyn, as the first of its upcoming neighborhood stores that pay homage to their surrounding communities, according to a press release. It is the company’s second store in New York City, following the opening of a flagship store in... Continue Reading → acquires online marketplace Trouva has acquired online platform Trouva in an effort to grow its marketplace business. Trouva’s is a sales platform for independent boutiques and brands, and provides customers with a curated range of homewares, lifestyle and fashion products. The marketplace will continue to operate as a standalone brand led by the current leadership team of chief... Continue Reading →

Clicks retail sales rise as it grows market share

PHARMACY, health and beauty retailer Clicks said yesterday that its interim retail sales increased 13.6 percent, bolstered by market share gain and a robust expansion of its stores and pharmacy network. The company said its clubcard membership grew and accounted for 81 percent of the group’s sales in the six months. In an interview, Clicks... Continue Reading →

Apple’s Second Retail Store Is Unionizing

This is the third US Apple Retail store to seek unionization. An Apple retail store located in the Towson Town Center Mall in Maryland announced today that it has filed for a union election. In a press release, International Association of Machinists and Aerospace Workers (IAMAW) organizer Dave DiMaria announced that the employees at the Maryland-based... Continue Reading →

J.C. Penney is reinventing itself. Again.

Daphne Howland/Retail Dive If there’s one thing that’s become predictable at J.C. Penney in the last decade or so, it’s constant change. The company has had five chief executives in that time, each with their own ideas about how to turn over its steadily declining fortunes. That included efforts like restoring and then again ending appliance sales,... Continue Reading →

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