Retail

Funko sees 14 per cent sales dip but CEO Brian Mariotti praises global team in a ‘challenging 2020’

Despite a decrease of 14 per cent in net sales in its third quarter financials year on year, Funko’s CEO Brian Mariotti has praised the efforts of the pop culture specialist’s international teams in its executions throughout a challenging 2020, and believes the firm is ‘well-positioned for the Holiday season’ …

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John Lewis to axe a further 1,500 head office jobs in cost-saving plans

John Lewis is to axe a further 1,500 jobs at its headquarters in central London as the UK retailer continues to look for means to cut £300 million in costs and prepare its operations for a digital-centric era. The company has also confirmed today that Patrick Lewis, the group’s finance …

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Lockdown II: Primark expects further loss of £375m in sales after initial shop closures cause 60 per cent slump

Store closures at the hands of the coronavirus pandemic have seen sales and profit at the international retailer, Primark slump by as much as 60 per cent as reported in its full year financials ending September 12 2020. The value retailer has seen adjusted operating profit plunge to £362 million, …

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Roy’s Boys gears up for ‘most successful Christmas to date’ as online socks sales surge

Following what’s been a challenging year across the industry, Roy’s Boys is bucking the trend and gearing for what looks to be its ‘most successful Christmas to date,’ with sales already booming for the licensed socks specialist, as early as October. Early signs for a successful 2020 in spite of …

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TikTok makes biggest push for e-commerce to date in Shopify partnership

The social media giant, TikTok is making its biggest push into e-commerce to date thanks to a new partnership with Shopify that will allow its retailers to begin advertising and selling goods through the platform. Shopify, which already provides the e-commerce platform for over 800,000 brands, will allow its merchants …

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Amazon launches dedicated eco-friendly shopping platform to the UK and Europe

Amazon has launched a new dedicated ‘eco-friendly’ shopping platform to help consumers in the UK and Europe find household products that are driving the sustainability movement forward. The platform lists more than 40,000 items that will carry certificates from the likes of Fairtrade International and the Carbon Trust. The move …

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Bravado partners with Alibaba to bring its artists’ merchandise to Chinese consumers

Bravado, the merchandising and brand management arm of Universal Music Group, has partnered with Alibaba Group today to launch a new means of bringing music artists’ merchandise and collaborations to Chinese consumers. Under the new partnership, Bravado will launch its own store on Tmall Global, the largest cross-border business-to-consumer marketplace …

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Super Mario, Cocomelon, Back to the Future: Here’s the long list of all DreamToys 2020 picks for this Christmas

This year’s long list of DreamToys – the predicted best-selling toys and games for Christmas 2020 – is a mix of ‘those that have kept families entertained over lockdown’ and boundary pushing innovation destined ‘to impress under the Christmas tree.’ Alongside the DreamToys Top 12 Toys for Christmas, the committee has …

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Cath Kidston will ‘draw on British heritage to operate as a digital-first retailer in the UK’

Cath Kidston has identified opportunities to bolster its brand relevance and product innovation, as well as improve its digital presence and international partnerships, the retailer has said, in a move to deliver “a sustained profitability model” over the next three years. The fashion and lifestyle name entered administration and underwent …

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Menkind is expanding licensed ranges and adult party and card games to meet lockdown trends

The gadget and gift retailer, Menkind has highlighted its plans to expand on its licensed products and exclusive ranges as it heads into the Christmas shopping season, a move that has been driven by the increased consumer engagement with pop culture TV, films, video games and entertainment throughout the pandemic. …

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