All articles by Chloe Mills – Page 9
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News
ScS shareholders vote through £99m sale to Poltronesofà
The £99m takeover of ScS by Italian sofa retailer Poltronesofà has been given the go-ahead after shareholders voted in favour of the deal yesterday.
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News
November sales boost reflects ‘tactical’ spending ahead of Christmas
Retail sales increased in November, helped by Black Friday and “increased spending in the run-up to Christmas each year”, according to the Office for National Statistics (ONS).
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News
Temu customers risk supporting ‘forced labour’, MP warns
Customers ordering “cheap gifts” for Christmas from Chinese-owned marketplace Temu are at risk of buying items made using forced labour, an MP has warned.
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News
Nike plans $2bn cost savings as it posts soft sales outlook
Nike has outlined plans to make $2bn (£1.6bn) in cost savings over the next three years as demand slows and it looks ahead to a “softer” second-half sales outlook.
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News
Retail hopes rest on big Christmas weekend ahead of ‘new year’s chill’
Retailers are holding out hope for a last big weekend of trading ahead of Christmas Day, despite the economic outlook being decidedly gloomy.
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News
Hunkemöller names former Adidas executive as new CEO
European lingerie retailer Hunkemöller has named Brian Grevy as its new chief executive, succeeding Philip Mountford when he steps down from the role next month.
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News
Exclusive: Nike secures former Victoria’s Secret site for new flagship
Sportswear giant Nike has secured the former Victoria’s Secret premises at the Trinity Leeds shopping centre for its newest flagship, Retail Week can reveal.
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News
Frasers Group snaps up Matches in £52m deal
Frasers Group has snapped up luxury fashion retailer Matches in a £52m deal as it looks to strengthen its luxury offering and elevate its portfolio.
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Interview
Q&A: eBay director of luxury on ‘diminishing the stigma’ of buying pre-loved
As pre-loved luxury becomes growingly more popular, eBay director of luxury Keith Metcalfe sat down with Retail Week ahead of Christmas to discuss the diminishing stigma of gifting secondhand, the importance of authenticity guarantee and why pre-loved and luxury go hand in hand
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News
Coupang completes $500m rescue deal for Farfetch
Global ecommerce retailer Coupang has acquired Farfetch, injecting $500m (£394.8m) in emergency funding into the embattled luxury fashion retailer.
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News
H&M sales flat again after 'unusually hot weather'
H&M has posted “flat” sales in its fourth quarter as the previous warning of “unusually hot weather” took its toll on autumn ranges.
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News
London Designer Outlet reports record Black Friday
London Designer Outlet (LDO) at Wembley Park has recorded a record Black Friday, exceeding last year’s record sales performance by 8.6%.
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Analysis
The trends and categories set to dominate Christmas spending
Following a record Black Friday and Cyber Monday, with Shopify merchants reaching a total of $9.3bn (£7.4bn) sales globally, the ecommerce platform predicts the top trends setting retailers up for a very merry Christmas
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News
Shein considers potential for UK IPO
Fast-fashion giant Shein is reportedly in talks with the London Stock Exchange about the possibility of a public listing in the UK.
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News
Matalan boosts online offering with new fashion partners
Matalan announced today that it has bolstered its portfolio with the addition of 10 new third-party labels in a bid to boost its online proposition.
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News
Asda faces lorry driver strikes over Christmas
Driver strikes at grocery giant Asda are threatening to cause food shortages during the peak Christmas trading period.
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News
Levi’s CEO Chip Bergh to retire as successor lined up
Levi’s chief executive Chip Bergh is set to retire from his role and will be succeeded by the fashion retailer’s president Michelle Gass in January.
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News
Lululemon hails strong ‘early performance’ ahead of Christmas
Sportswear retailer Lululemon has posted a “strong” third quarter and hailed its “early performance” ahead of the peak Christmas trading period as the brand continues to resonate with shoppers globally.
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News
Online fashion retailer Oh Polly launches rental collection
Online fashion retailer Oh Polly has announced a partnership with rental platform Zoa, marking a “pivotal moment in the group’s journey” to providing accessible fashion to customers.
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News
John Lewis and Waitrose to close stores on Boxing Day
John Lewis and Waitrose stores across the UK will close on Christmas Day and Boxing Day, while New Year’s Day hours will vary across the group’s branches.