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Dr Martens earnings increase 27%

October 23, 2017

A successful expansion strategy and strong ecommerce sales has allowed iconic footwear brand Dr Martens to record a jump in revenues and operating income. In its annual report for the year ending March 31, the retailer reported a 25 per cent increase in group revenue to £290.6 million, or 12 per cent growth at constant currency. Meanwhile, its EBITDA increased 27 per cent to £37.5 million, highlighting the success of its strategy to expand the product line, grow new stores, and expand globally

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Debenhams denies supplier bullying accusations

October 23, 2017

Debenhams has sparked controversy after it was accused of demanding smaller suppliers grant it a discount if it pays them within 90 days. According to The Telegraph , the retailer commanded it be granted a discount from a supplier for every barcoded item that needed scanning, a discount related to a carrier charge delivery, and a 16.7 per cent discount for paying within 90 days. The Federation of Small Businesses (FSB) states that the industry average is 42 days, and a Debenhams’ spokesperson stated that their average was 60 days






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Former New Look boss Alistair McGeorge returns to the business

October 23, 2017

Reports have emerged that former New Look boss Alistair McGeorge has returned to the business in the wake of Anders Kristiansen’s resignation. According to Retail Week , McGeorge is reportedly leading trading meetings and weekly director meetings at the embattled retailer. He previously spend two-and-a-half years as executive chairman of New Look, plus another eight months in a non-executive role until May 2014






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Hobbs maintains growth after successful turnaround

October 23, 2017

Hobbs has hailed a successful turnaround as it posts growing gross profits and revenues for the year to January 28.






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Amazon makes further push into crafts with launch of handmade gift shop

October 23, 2017

News comes as online artisan Etsy attempts a turnaround amid activist pressure.






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Nike’s focus on robotics is threatening Asia’s low-cost workforce

October 23, 2017

Developing countries are at risk of losing cheap manufacturing if leisurewear companies accelerate automation, Financial Times reports.






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Orchard Mile upends luxury retail with new model

October 23, 2017

The startup is logging impressive sales growth, with a healthy average purchase price.






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Hudson’s Bay CEO steps down abruptly

October 23, 2017

Executive Chairman Richard Baker will take over the chief executive role until a permanent replacement for Jerry Storch is selected.






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Neiman Marcus, Talbots and Land’s End among those added to new Fitch watch lists

October 23, 2017

The ratings agency has named more than a dozen retailers at some risk of bankruptcy or other forms of default.  






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Toys R Us gets a head start on Black Friday

October 23, 2017

America’s most prominent toy retailer has little wiggle room this holiday season in light of last month's bankruptcy filing.






Retail News