Things are tough in retail right now. Administrations, Amazon, CX, AI, a weak pound… it’s a lot
How high-volume brands are automating the holidays We asked major high-growth, high-volume retailers how they had wildly successful Black Friday sales last year. They took us behind-the-scenes to reveal their strategies.
Debenhams has placed hundreds of jobs in redundancy consultation amid a major cost cutting drive, as rumours about a possible takeover continue to circle. The embattled department store’s redundancy talks are expected to result in around 90 staff losing their jobs across its fashion and home departments, stripping out layers of management. “We announced our intention to restructure our organisation around three business units: beauty and beauty services, fashion and home, and food and events earlier this year,” Debenhams said in a statement.
Women’s apparel brand Become has sparked controversy on social media via its #HotWomenOnly campaign, which features images of a woman with a slim figure asking for “the hottest woman in Britain to model our underwear.” Is this the next Protein World ad? @Become_TM looking for #HotWomenOnly https://t.co/EpWM0Gaj5e pic.twitter.com/ZBMaQEPNZe — Hannah Russell (@hannahlrussell) July 31, 2018 Though this has understandably caused a backlash on social media, the campaign is in fact searching for a woman undergoing the menopause to become the face of the brand
CNBC looked at those retail stocks within the S&P 500 Retail ETF and found 79 out of 89 of those companies to have market caps of less than $28 billion.
Chinese regulators said this week that rainbow trout can be sold as salmon, according to new standards set by a government-affiliated fish association and 13 commercial fisheries, The New York Times reports.
Sir Philip Green has been asked by a parliamentary committee to “prove” why he thought BHS was in secure financial health before he sold it, following a damning report into its audit. Yesterday the Financial Reporting Council (FRC) released a report slamming the financial firm PwC for its handling of BHS’s audit and accounts before its public collapse, which saw it fine the company £10 million in June. PwC’s audit of BHS before it was sold to Dominic Chappell for £1, then part of Green’s larger holding company Taveta, said it was a “going concern”
Retail sales in July trounced analysts’ expectations thanks to the hot weather and tail end of the World Cup. According to new figures from the Office for National Statistics, retail sales grew 0.7 per cent in July, well above expectations of a 0.2 per cent rise and a marked improvement on June’s 0.5 per cent decrease.
G-Star Raw is set to move into a new 2500sq ft flagship store in Sheffield’s Meadowhall shopping centre as part of an ambitious expansion drive. The fashion retailer will open its sixth UK store in the newly refurbished shopping centre, marking the start of a push to double its store estate to 10 by the end of the year.
As a hedge against declining beer sales, brewers like Corona, Heineken and Molson Coors are betting on marijuana, The New York Times reports.