All articles by Chloe Mills – Page 10
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News
Matches fires up equity raise to support turnaround
Luxury fashion retailer Matches is reportedly considering an equity raise in a bid to support its business turnaround strategy.
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News
Bershka partners with virtual try-on service in bid to reduce returns
Inditex-owned fashion retailer Bershka has announced a new partnership with AI-powered virtual fitting room platform 3DLOOK in its latest bid to reduce rising return rates and offer a more “seamless online shopping experience”.
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Interview
Q&A: Castore boss Tom Beahon on the next steps after raising £150m
As Castore announced today that it has raised £150m in new capital investment, co-founder and chief executive Tom Beahon speaks to Retail Week about the sportswear retailer’s meteoric rise and expansion plans, the importance of global partners and the key to success moving forward
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News
Mulberry losses deepen despite booming international sales
Luxury fashion and accessories retailer Mulberry has reported deepening losses despite booming revenue internationally as it continues to invest in its “long-term future”.
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News
Retail footfall ‘steadied’ by Black Friday shoppers
Footfall across all UK retail destinations in November edged up as Black Friday helped to “steady the month”, according to the latest MRI Software data.
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News
Mytheresa profits slip as luxe fashion demand slows
Luxury fashion retailer Mytheresa posted an increase in sales despite a slip in profits during the quarter as demand by its “aspirational customers across all geographies” slowed.
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News
Primark to open new stores in Italy
Primark has announced it will invest more than €50m (£43.3m) into its Italian business and open five new stores as part of its international expansion push.
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News
Made opens first bricks-and-mortar store since Next takeover
Made.com has opened its first bricks-and-mortar store since being acquired by Next last year, marking its return to the high street.
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News
Shein aims for New York Stock Exchange listing
Fast-fashion giant Shein is understood to be gearing up for a stock market float in the US as it reportedly filed “confidential paperwork” for an initial public offering.
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News
Pets at Home hails ‘resilient’ trading as it maintains full-year guidance
Pets at Home has hailed its “resilient performance” and noted “encouraging signs” in the lead-up to Christmas.
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News
Topps Tiles escalates market share while profits dip
Topps Tiles has posted a boom in sales for the full year and confirmed it has achieved its market share goal “two years ahead of schedule,” with cost inflation taking its toll.
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Gallery
Dr Martens opens 100th European store on Oxford Street
Dr Martens has opened its 100th store across the Europe and Middle East region as it continues to expand its bricks-and-mortar retail presence.
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Interview
Q&A: Abbott Lyon chair Gareth Jones on the jewellery retailer’s unique proposition
Following the opening of Abbott Lyon’s debut pop-up store, chair Gareth Jones speaks to Retail Week about the meaning of affordable luxury, the retailer’s competitive advantage, expectations for the peak trading period and where stores fit into its future
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News
Exclusive: Secret Sales bolsters leadership team with new executives
Premium non-full-price marketplace Secret Sales has named Matalan executive Chris Lacey as chief digital officer and Alex Adamson as chief marketing officer, Retail Week can reveal.
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Video
Watch: Tesco captures excitement of lead-up to Christmas in new ad
Tesco has unveiled its new Christmas advert for 2023, capturing the excitement of the lead-up to the big day.
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Gallery
First look at Flannels’ ‘revolutionary’ new flagship
Flannels has opened a new luxury flagship store in the Metrocentre shopping centre in Gateshead, Tyne and Wear, which promises to be “the UK’s leading destination for new luxury”.
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News
Amazon reveals it will sell cars online next year
Amazon has announced a strategic partnership with Hyundai to sell cars online in the US from next year.
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News
Next eyes warehouse closure, putting 780 jobs at risk
Next is set to close its warehouse in Bradford next September, putting 780 jobs at risk as part of plans to “expand its facility in South Elmsall” upon closure of the site.
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News
Retail sales decline ‘does not bode well’ ahead of Christmas
Retail sales fell in October to their lowest level since the February 2021 lockdown as the cost-of-living crisis combined with wet weather took its toll on retailers, according to the Office for National Statistics (ONS).
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Analysis
Is buy now, pay later worth the risk to retailers?
As fashion giant Asos recently introduced restrictions on its buy now, pay later services in a bid to improve profitability, Retail Week explores if retailers are moving away from or leaning into pay later credit services, and what this means ahead of the festive season.