More on Me + Em – Page 148
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Opinion
‘If a buyer wants to pounce on Asos, they might prefer to move sooner rather than later’
Asos was back in fashion with the City today as its shares climbed on the back of a trading update, providing welcome encouragement that chief executive José Antonio Ramos Calamonte’s turnaround efforts are working.
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News
Hugo Boss ups sales target and confirms global expansion plans
Luxury fashion group Hugo Boss has increased its 2025 sales target to €5bn (£4.2bn) and confirmed plans to “expand its global footprint” in its latest strategy update.
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Gallery
Store gallery: EE opens ‘visionary’ new flagship store in Westfield London
Mobile phone provider EE has today opened its “future face of retail” flagship store in Westfield London, White City.
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News
N Brown sales dampened by poor spring weather
Fashion group N Brown has reported a fall in first-quarter sales following lacklustre early spring weather as consumer confidence remained fragile.
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News
Asos posts quarterly profit as turnaround strategy pays off
Online fashion giant Asos has hailed a return to profitability in its third quarter as evidence that its recovery plan is delivering.
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Retail Voice
The five biggest trends in payments for retail
Letting your customers pay the way they want to should be top of the agenda for retailers, says Elavon’s Michael Bosshammer as he takes a look at the biggest payment movements right now
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News
Nobody’s Child embarks on US expansion with Europe and Middle East to follow
Nobody’s Child has unveiled its expansion into the US through the launch of online partnerships with fashion brands Anthropologie and Nordstrom, as its European and Middle Eastern expansion plans “are also imminent”.
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News
Amazon workers in Coventry vote for six more months of strikes
Staff at Amazon’s Coventry warehouse have voted to take a further six months of strike action, despite failing to win formal union recognition from the tech giant.
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Interview
Q&A: Bodycare’s Tony Brown on building a ‘truly national brand’
Founders Graham and Margaret Blackledge launched Bodycare in 1970 from a market stall in Skelmersdale, Lancashire. Today the health and beauty retailer’s portfolio has grown to more than 130 stores across the UK
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News
Marks Electrical sales soar in record year
Marks Electrical has enjoyed a record year as savvy shoppers researched online for better prices on large appliances.
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News
BRC names Andy Higginson as next chair
The British Retail Consortium has named Andy Higginson as its chair-elect, succeeding incumbent Tony De Nunzio, whose tenure is set to come to an end in September.
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Analysis
Strategy spotlight: How AO is pivoting to profitable growth as Frasers Group snaps up stake
As Frasers Group snaps up a 19% stake in AO, the two retailers are “looking forward to realising the significant potential” of working more closely in partnership.
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Analysis
What does Frasers stand to gain from taking a £75m stake in AO World?
Mike Ashley’s sprawling retail empire is known to lead with an aggressive acquisition strategy, but news of Frasers Group buying an 18.9% stake in ecommerce electrical retailer AO.com came as a surprise to many.
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News
Next mulls £500m sale of Reiss stake
Fashion giant Next is considering the sale of its 51% stake in Reiss in a deal that would value the fashion brand at more than £500m.
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News
THG Ingenuity partners with PwC to drive digital growth
THG’s tech arm Ingenuity has announced a strategic alliance with international professional services brand PwC to drive digital growth and enhance online customer experience.
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News
Asda and Sainsbury’s ordered to end ‘anti-competitive’ property restrictions
Asda and Sainsbury’s are removing restrictions on rivals operating on land they own following an intervention by the competition regulator.
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News
Asda freezes prices on 500 grocery products
Asda is putting a price freeze on more than 500 of its branded and own-brand products until the end of August in a bid to “give customers more control over what they spend”.
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News
Former M&S food boss joins Farmison as chief executive
Online butcher Farmison, which was rescued from administration by ex-Asda boss Andy Clarke, has appointed former Marks & Spencer and Asda executive Andy Adcock as chief executive.
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News
Ikea boosts customer service with home improvement advice and AI
Home and furniture giant Ikea is training up its call centre workers to become interior design advisers, as artificial intelligence plays a crucial role in answering its customer enquiries, according to Reuters.
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News
Sweaty Betty names former Jo Malone executive as new boss
Sportswear retailer Sweaty Betty has named Melissa Mullen as its new global brand president, succeeding former chief executive Julia Straus.