Retail

Games Workshop valued at £3.8bn as hobby demand fuels its latest sales surge

Games Workshop, the British firm behind the wildly popular Warhammer tabletop miniatures gaming franchise, has reported blockbuster sales and profits driven by the stay at home messaging of the last year and the surge in the hobbyist and gaming markets. The company’s chief executive, Kevin Rountree has billed its 2020 …

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Chancellor details £4.6bn relief package for retail, hospitality, and leisure as England enters third lockdown

Chancellor Rishi Sunak has detailed a £4.6bn relief package for the retail, hospitality, and leisure sectors that will offer UK businesses a one-off grant worth up to £9,000. The measures were announced this morning, following a public message from Prime Minister Boris Johnson last night that England is to enter …

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TikTok and Walmart debut new livestream shopping service ‘shortening distance from inspiration to purchase’

The social media platform TikTok has pioneered a new method of online shopping, having partnered with the US retail giant Walmart to launch a new shoppable livestream capability for its users to engage with. The new in-app shopping tool was piloted last week when Walmart hosted a one-hour livestream session …

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US retail giant Authentic Brands makes plans for Debenhams and Arcadia Group takeover

The US retail giant, Authentic Brands, has divulged plans for a double takeover of the collapsed department store chain Debenhams and Topshop-owner Arcadia Group. According to a report from The Sunday Telegraph, Authentic Brands, the owner of the New York department store brand, Barneys, has been in talks with the …

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Bing-le bells: Pre-school IP lands major Italian toy retail presence this Christmas shopping season

Acamar Films’ flagship pre-school property, Bing, is to be a big presence across Italy this Christmas, thanks to the implementation of a marketing strategy throughout the region’s largest toy and retail stores, spearheaded by the Italian licensing agent, Maurizio Distefano. The aim is to strengthen the Bing property and the …

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LEGO opens its first airport LEGO Store in the US in Marshall Retail Group partnership

The LEGO Group has opened its first airport LEGO Store in the US, having partnered with The Marshall Retail Group – a WHSmith Company – to set up shop inside Salt Lake City International Airport. The all-new LEGO store allows visitors the opportunity to shop for hard-to-find products from the …

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Mike Ashley’s Frasers Group in ‘potential rescue talks’ with Debenhams

Retail tycoon Mike Ashley’s Frasers Group is in talks over a ‘potential rescue transaction’ for the British department store Debenhams. The brand fell into administration last week, putting some 12,000 jobs at risk. Frasers has said that it was ‘in negotiations with the administrators of Debenhams’ UK business’ on a …

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The Oddbods are coming to a fish and chip shop near you, thanks to Keco Ltd partnership

The cast of the popular animated pre-school series, Oddbods, will be coming to a fish and chip shop near you. The content creation and licensing studio, One Animation, has secured a new partnership with the packaging manufacturer Keco Ltd to the launch of bespoke, sustainable, and responsibly sourced children’s meal …

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Debenhams to close all 124 stores as JD Sports rescue talks are terminated

Debenhams is to wind down the business and close all 124 stores after JD Sports ended discussions over a rescue deal for the struggling department store chain. Rescue talks ended between the two companies following the collapse of Arcadia Group yesterday afternoon. The latest developments now puts 12,000 high street …

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Local shops will be able to trade 24/7 over Christmas and January to recoup lockdown losses

The government is to allow local shops to trade around the clock in a move to support the retail industry and its bid to recoup some of the losses it has suffered during the pandemic, a cabinet minister has said. Communities secretary, Robert Jenrick has said he wanted to remove …

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