Tag Archives: Retail

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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Rise in shoppers planning to stay local this year, as “support for indies has never been so important”

With the Prime Minister’s confirmation that all non-essential shops will be able to reopen across England when the nation-wide lockdown lifts on December 2nd playing like music to many a retailer’s ears amid the essential Christmas shopping period, independent toy shops are rallying the message that ‘shopping local has never …

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Shoppers fuel sales growth in October but BRC warns that lockdown easing by December “is vital for survival”

Shoppers taking the opportunity to stock up on home comforts and food supplies ahead of the England-wide lockdown helped total retail sales increase 4.9 per cent in the four weeks to October 31, indicating some respite for the UK retailer hampered by coronavirus restrictions this year. Despite the lift – …

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The Pokémon Company expands it D2C platform Pokémon Center into Canada for the first time

The Pokémon Company International is taking its direct to consumer platform into new international territories, having confirmed the expansion of its official e-commerce arm, the Pokémon Center, into Canada for the first time. Recognised as a premier destination for official Pokémon merchandise, the online platform was previously limited only to …

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Sainsbury’s to close 420 Argos stores amid plans to save £600 million by 2024 and meet changing consumer habits

A total of 420 standalone Argos stores are to be closed by March 2024, the super market giant and owner of the Argos store brand, Sainsbury’s has confirmed, amid news that it is to cut 3,500 jobs across its portfolio. The retail giant’s boss Simon Roberts said that the move …

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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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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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The Point. 1888 sorts Christmas for animal lovers through Battersea and M&S collaboration

Christmas is sorted for cat and dog lovers this year thanks to a new product range from Battersea which was unveiled in M&S stores nationwide last week. Developed with brand licensing specialist, The Point. 1888, the collection includes gifts for the family such as puzzles, tote bags, hand towels, ceramic mugs, …

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