H&M is set to add more third-party brands to its stores and websites in a bid to attract more customers. The Swedish fashion giant which owns H&M, Arket, Cos and more launched its marketplace strategy last year to help it compete against rivals including Shein and Zalando. The business has added 70 outside brands to its platform in... Continue Reading →

Property developer Abland has several new projects in the pipeline, with two big shopping malls planned for the fourth quarter of 2024. Despite the construction and development sector suffering along with the rest of South Africa’s businesses, there are still new projects in the pipeline, with some already under construction. The group is currently busy with... Continue Reading →

A Boots shopping bag (Image: Boots) The announcement comes in an effort to "consolidate" the business, reports suggest Boots is reportedly set to close 300 UK pharmacies within the next year. According to reports, the retailer will close stores in close proximity to each other. The announcement, from the Nottingham-headquartered company, comes in an effort to "consolidate" the business, reports suggest,... Continue Reading →

Mr Price Group’s apparel brands aim to clear excess stock that piled up as a result of electricity blackouts that cut trading hours. It is also seeking to diversify, grow its new acquisitions and open standalone stores for children’s clothing. The owner of Miladys and Sheet Street said by the end of June all its... Continue Reading →

Supermarket bosses, including Morrisons CEO David Potts, will be questioned by MPs on Tuesday over profiteering concerns amid rising food and prices. The business committee is set to scrutinise the gross profits of the big supermarket chains, including Tesco, Sainsbury’s, Asda and Morrisons, and delve into how they break out UK business performance from their... Continue Reading →

Ellen Kenny All Argos stores in the Republic of Ireland will cease trading this evening.  The retailer began closing some of their branches back in March after announcing they were leaving the Irish market.   The remaining 30 shops across Ireland will close today – leaving Irish people until 5pm to shop in-store.  The final closure... Continue Reading →

Mr Price says load shedding reduced its revenue by approximately R1 billion for the full financial year ended 1 April 2023.  The group said that its core trading divisions were severely impacted by load shedding in H2, especially during the festive period.  By the end of September 2022, only 37% of its core business had... Continue Reading →

A branch of South African clothing and homeware retailer Mr Price is seen in Cape Town, South Africa, November 26, 2020. REUTERS/Mike Hutchings/File Photo South African shops see rise in credit sales as consumers suffer JOHANNESBURG, June 22 (Reuters) - South African shoppers are increasingly turning to credit to buy discretionary items such as clothing... Continue Reading →

Download the report here https://www.dropbox.com/s/13o2qwf9zbv68nz/SheerID-Retail-in-a-recessionary-environment.pdf?dl=0

// WHSmith ordered to pay £1.02m to thousands of its employees after new uniform policy pushes salaries below the national minimum wage // The retailer joins M&S, Argos and 200 other companies in being named and shamed for short-changing staff WHSmith has been forced to pay £1m to thousands of its employees after a new policy to... Continue Reading →

Warmer weather and pay rises for workers have increased sales at Next in recent weeks, prompting the clothing and homeware retailer to upgrade its profit forecast for this year. The company, which has about 500 stores and is considered a good barometer of consumer spending, said in a surprise update that there had been an... Continue Reading →

// Greg Pateras, who leads Missguided and ISawItFirst.com, has left Frasers Group // He leaves after successfully integrating the brands into the group’s platform Frasers Group fashion CEO Greg Pateras has left the business this week. Pateras oversaw the retail giant’s Manchester-based young fashion brands Missguided and ISawItFirst.com, after their acquisition last year, and helped to integrate... Continue Reading →

The British brand's dealerships aim to compete with Bentley's Mulliner, Mercedes-Maybach, and Rolls-Royce in the booming personalisation market. Aston Martin Vulcan, presented at the 85th International Motor Show in Geneva, Switzerland / Credit: Jia Li via Shutterstock Aston Martin, the renowned luxury car manufacturer, has taken a significant step towards establishing itself as an ultra-luxury... Continue Reading →

According to reports, Next is thought of as a £ 500 million sale of the high-end clothing retailer Reiss, in which it has the majority of the stock. Warburg Pincus, a shareholder in Reiss and a major retailer, has reportedly recruited bankers at Raymond James to conduct an auction. The auction is currently in its... Continue Reading →

Frasers Group boss Michael Murray says he has ‘long admired’ online white goods retailer Frasers Group has taken a £75m stake in AO World, as the retail empire founded by Mike Ashley continues to strike side deals under new chief executive Michael Murray. The Sports Direct owner said after markets closed on Friday it had acquired... Continue Reading →

With Asda's debt pile increasing further this week, Retail Gazette looks at the impact private equity is having on the retail sector. The tale of Britain’s two private equity-owned supermarket buyouts just took a new turn as Asda owners the Issa brothers unveiled a £2.3bn merger between the supermarket chain and the UK and Ireland operations of... Continue Reading →

Which? has reported Tesco to the UK’s competition watchdog // Tesco’s lack of clear pricing on some food and drink promotions “could be breaking the law”, according to Which? // The supermarket giant said it is “disappointed” by the “ill-founded claims” from the consumer group Which? has reported Tesco to the UK’s competition watchdog over the supermarket’s... Continue Reading →

Authentic Brands Group acquired the intellectual property of British footwear brand Hunter Boot Limited, for an undisclosed amount. Jeff J Mitchell/Getty Images via Getty Images Dive Brief: Authentic Brands Group acquired the intellectual property of British footwear brand Hunter Boot Limited, for an undisclosed amount, the company announced Friday. Along with the deal, Authentic announced it had expanded... Continue Reading →

As part of a plan to open several new and remodeled stores across the UK by 2025, Apple is reportedly considering moving its existing Apple Victoria Square retail store in Belfast to a larger location in August 2024, reports Bloomberg. The Victoria Square Apple Store in Belfast is currently split over two levels, offering general shopping... Continue Reading →

// Toys R Us partners with WHSmith for high street return // The toy retailer is opening nine concessions in stores throughout the summer Toys R Us will open nine WHSmith concessions this summer, marking the retailer’s return to the high street in five years. Customers will be able to shop from a wide range of popular toy brands... Continue Reading →

// Authentic Brand Group has snapped up the intellectual property of footwear retailer Hunter // The Ted Baker owner will outsource the retailer’s designs and operations Ted Baker owner Authentic Brands Group has acquired the intellectual property of footwear retailer Hunter. The group confirmed on Friday it had snapped up the brand for an undisclosed sum after... Continue Reading →