Decathlon has snapped up German outdoor specialist Bergfreunde as it looks to attract a more premium shopper. The German retailer specialises in mountain sports, climbing and outdoor equipment and trades across 11 European countries. It will remain “autonomous and independent” following the acquisition and its business model and management team will remain unchanged. The outdoor giant said... Continue Reading →

LONDON, Nov 27 (Reuters) - British shopper numbers and transactions edged lower on Black Friday versus last year, according to data published on Monday that will disappoint retailers looking for a pick-up in spending after a subdued October. Barclays (BARC.L), which sees nearly half of Britain's credit and debit card transactions, said the volume of transactions... Continue Reading →

Calzedonia Group is expanding the UK footprint of its Intimissimi lingerie brand with the opening of a new store in London. The shop in Covent Garden…  FASHION RETAIL NEWS UK Calzedonia Group is expanding the UK footprint of its Intimissimi lingerie brand with the opening of a new store in London. The shop in Covent... Continue Reading →

JOHANNESBURG, Nov 23 (Reuters) - Mr Price (MRPJ.J) shares jumped 11% on Thursday after the South African budget fashion retailer posted a smaller than expected drop in first-half profit and forecast an improved performance in the second half, which includes holiday trade. Shares in the group, which also sells homewares and sports clothing and equipment, hit a... Continue Reading →

Nov 21 (Reuters) - Abercrombie & Fitch's (ANF.N) and American Eagle Outfitters' (AEO.N) upbeat third-quarter results and annual forecasts were overshadowed by caution around holiday-quarter sales from several major retailers. Apparel retailer Abercrombie & Fitch's shares, which have more than tripled this year, were down about 8%, while American Eagle slipped 17%. Days ahead of the start of the... Continue Reading →

Publishedtoday Nov 21, 2023 Gap Inc may have exited direct physical and online retail in the UK a few years back, but its deal with retailer Next appears to be going from strength to strength, and the latest development sees major expansion for the brands that it owns.Banana Republic For a start, its Banana Republic and Athletalabels have just been made available... Continue Reading →

Figures contrast with expectations of a rise and send gilt yields lower British retail sales have fallen to their lowest level since February 2021 as consumers curb their spending in the face of punishing inflation, according to data that sent gilt yields lower. The quantity of goods bought in Great Britain declined 0.3 per cent... Continue Reading →

Oxford Street in LondonSharecast / TheOtherKev via Pixabay Retail and hospitality groups have called on the Chancellor to freeze business rates, warning on Thursday that inaction could prove "disastrous" for the UK’s high streets. The government froze business rates to help support companies through the pandemic and the subsequent cost of living crisis. The Treasury... Continue Reading →

It ends weeks of uncertainty over ownership of the luxury department store A Thai retailer has seized control of Selfridges after a key shareholder in the luxury department store was hit by a cash crunch. Central Group said it has become Selfridges’ largest shareholder after converting a €364m (£317m) loan provided to the department store... Continue Reading →

Nov 13 (Reuters) - Amazon.com (AMZN.O)said on Monday it would allow Snapchat (SNAP.N) users in the United States to buy some products directly from the app as the e-commerce giant looks to capitalize on the growing use of social media for shopping. Shares of the social media firm surged more than 9% on the news. With social networks... Continue Reading →

LONDON, Nov 14 (Reuters) - Asda, Britain's third largest supermarket group, said on Tuesday its underlying sales rose 2.8% year-on-year in its third quarter - a sharp slowdown from growth of 9.6% in the previous quarter and an underperformance versus its bigger rivals. The grocer, owned by brothers Zuber and Mohsin Issa and private equity... Continue Reading →

The Most Innovative Countries in the World in 2023 Which countries are the global innovation powerhouses? In many ways, the past year has represented an inflection point in technological advancement. Almost overnight, OpenAI’s large language model ChatGPT became a household name and AI was within reach to the masses.  Yet looking under the surface, innovation... Continue Reading →

Group famous for house-to-house visits is to open franchises as it also expands deal with Superdrug Avon, the beauty company famous for building a global business by making house-to-house visits, is to open its first physical UK stores in its 137-year history. The company, known for its “ding dong! Avon calling” slogan used in its ads and by... Continue Reading →

Miniso will open the doors to its biggest ever store in the UK along London’s Oxford Street on Friday. The 2,700sq ft flagship is one of three new stores the Chinese giant is set to unveil before the end of this year. Located at 100 Oxford Street, the store showcases the retailer’s new beauty and fragrance collection alongside... Continue Reading →

Asos is set to make its physical pop-up store debut this month in London, allowing customers to experience its “fashion first-hand” as well as a collaboration with Snapchat promising “to take immersive shopping to the next level”. The four-storey pop-up at 11 Rathbone Place in London, will run from November 23-26, coinciding with Black Friday, and will... Continue Reading →

Located in North Yorkshire and West Sussex, both openings are part of the company’s strategy to focus on convenience retail services. bp has opened two brand new retail stores – one in the town of Norton-on-Derwent in North Yorkshire and another in the village of Faygate in West Sussex. The opening of the two new... Continue Reading →

LONDON, Nov 10 (Reuters) - Northern England supermarket chain Booths is to axe almost all of the self-service tills in its stores, saying the decision was in response to feedback from customers. The shift is the first by a UK grocer of a significant size, bucking a trend that has seen all of the major... Continue Reading →

Dis-Chem has lost R5.21 billion in value since its CEO Ivan Saltzman’s letter, which placed a moratorium on employing or promoting white people at the retailer, became public. Saltzman revealed to investors that many regular Dis-Chem dispensary customers withdrew their scripts after the memo banning hiring white employees was leaked. It was not all bad.... Continue Reading →

M&S is making a big bet on bricks-and-mortar as it is set to open nine stores in November, the biggest number it has ever opened in a single month. The nine openings, which include six new shops and three store renewals, total a £80m investment from the retailer and will create more than 2,200 jobs will be... Continue Reading →

LONDON, Nov 1 (Reuters) - British clothing retailer Next (NXT.L) on Wednesday raised its full-year profit outlook for the fourth time in six months as it reported better-than-expected sales in a third quarter heavily impacted by variable weather. The group, which trades from about 460 stores in the UK and Ireland and has an online presence in... Continue Reading →