All Retail Week articles in July 2024 – Page 8
-
NewsLandlord Hammerson sells Bicester Village to LVMH-backed private equity firm
Landlord Hammerson has sold its entire stake in Value Retail, the owner of Bicester Village luxury retail park in Oxfordshire, in a £1.5bn deal, which it said would generate around £600m in cash proceeds.
-
InterviewQ&A: Elemis’ global president on becoming the number one British skincare brand
As Elemis opens its first standalone store in the UK, co-founder and global president Noella Gabriel talks to Retail Week about the new shop, appealing to all generations and what’s to come for the skincare brand in the future
-
NewsAsda is bracing for further strike action for a second time
More than 150 Asda workers are getting ready to walk out in a further strike action claiming the supermarket has failed to address dispute points, according to GMB.
-
NewsIkea is opening 100 new click-and-collect points at Tesco stores
The Swedish home retailer plans to expand its partnership with Tesco to open 100 new click-and-collect points at the supermarket.
-
Retail Navigator AnalysisUnder Armour (Financials)
Under Armour recorded a subdued performance in the year to end-March 2024 (FY2023) with sales declining 3.4% to $5.7bn (£4.5bn). Chief executive Kevin Plank commented: “Amid a challenging retail environment in fiscal 2024 that included high inventories and a consistent drumbeat of promotions – we demonstrated disciplined expense control and delivered results that were aligned with our previous outlook.
-
Retail Navigator AnalysisUnder Armour (SWOT)
Under Armour has firmly established itself as a global sports retailer, with turnover surpassing £4bn in FY2024. Younger than its competitors Nike, Adidas and Puma it still has room to grow especially in the UK market.
-
NewsCarpetright: full list of stores rescued from administration by Tapi
Tapi has swooped in to buy rival Carpetright in a multimillion-pound deal but has selected just 54 stores to take over from the retailer.
-
NewsTapi has opted out of Ireland and the Channel Islands in the Carpetright buyout
Tapi will take over 54 of rival Carpetright stores as part of a multimillion-pound buyout, but it has opted out of buying those stores located outside of the British mainland.
-
Opinion‘There’s a grim irony in Carpetright’s collapse, but don’t blame founder Lord Harris’
Carpet king Lord Harris built Carpetright, then went into business against it. As Tapi takes control of Carpetright assets from the administrator, some may see Harris as a Brutus figure – but that would be wrong, says George MacDonald
-
NewsExclusive: Superdry CTO exits as Dunkerton aims to bolster board with new hires
Superdry boss Julian Dunkerton is rebuilding elements of his top team after its chief technology officer left the business and the search for new board members is underway, Retail Week can reveal.
-
AnalysisWhat does value player The Range want with stricken DIY giant Homebase?
The Range has bought Homebase − but what will a sale bring to the value retailer’s business?
-
NewsMore shoppers are paying with their phones but use of cash also rises
Consumers’ use of mobile contactless payment significantly increased last year – when the number of people mainly using cash also rose.
-
GalleryLush is opening a new Perfume Library in the heart of London
Lush is set to open a new Perfume Library concept store to highlight the health and beauty retailer’s extensive range of perfume and scents.
-
NewsExclusive: John Lewis’ great-grandson and ex-CFO has joined Oak Furnitureland
The great-grandson of John Spedan Lewis who was also the partnership’s former chief finance officer has joined Oak Furnitureland, Retail Week can reveal.
-
InterviewQ&A: Luxe Collective co-founder targets £1m in a day on TikTok despite luxury struggles
As pre-loved luxury increases in popularity, among the influential Gen Z consumer in particular, Luxe Collective co-founder and chief executive Ben Gallagher talks to Retail Week about what makes the resale platform unique, the importance of social media to fuel growth and his aim for the business to make £1m revenue in a day on TikTok Shop
-
NewsSephora has delivered ‘exceptional’ growth but LVMH sales and profit take a hit
Sephora has delivered double-digit growth despite parent group LVMH seeing a fall in sales and profit in the six months to June 30, 2024.
-
AnalysisLabour’s employment plans put it on a potential collision course with retail
As Labour hangs its hat on new employment legislation to show it means business in its first 100 days in government, it could be setting itself up for a run-in with the retail industry in future
-
NewsExclusive: Iceland has slammed illigitimate ads framing it as zero hours contract employer
A spate of illegitimate Iceland zero-hour contract job ads threaten to embarrass the retailer’s boss and Labour supporter Richard Walker, in the same week the new government pledged a ban on the contracts.
-
AnalysisMerry clickmas: How social selling is shaping Christmas 2024
There’s no better time to elevate your retail offering than Christmas. Here we explore the key innovations and trends set to drive festive spending in 2024 – and how you can get in on the action
-
NewsHammerson has posted growth in rental income and ‘capability’ in wake of Bicester Village sale
Hammerson, which owns and operates shopping centres including Birmingham’s Bullring and London’s Brent Cross, has posted a rise in rental income and “increased capacity and capability” after selling its £1.5bn stake in Bicester Village.