Missguided is set to expand its business to the Middle East thanks to a new partnership deal with retail group Azadea. The British clicks-to-bricks fashion retailer is poised to embark on an expansion through franchise with the roll out of stores, websites and click-and-collect services in the UAE, Qatar, Saudi Arabia, Kuwait, Bahrain, Jordan, Lebanon and Egypt. The franchise agreement is regarded as the next step in Manchester-based firm’s global expansion plan, having already established a presence in France, Germany and the US.
A new study has found that Brits have collectively blown £4.46 billion on spontaneous purchases while under the influence of alcohol. According to price comparison site Finder, almost half of British adults – 45.8 per cent or around 15 million people – who regularly drink alcohol have admitted to making a purchase while under the influence. Finder’s new report, which surveyed 2000 adults, also revealed that the average spontaneous spend while drunk shopping was £291.07 each, totalling an estimated £4.46 billion.
Italy’s peak competitions and market authority has given the go-head for Richemont to take full control of online luxury retail group Yoox Net-A-Porter (YNAP). Swiss-based Richemont – which owns high-end brands such as Cartier, Montblanc and Dunhill London – already has a stake in the YNAP Group, but in January it made a public tender offer to buy the shares it does not own for €38 (£33.5) per share.
The group chief executive of the South African parent company of British retailers Phase Eight, Whistles and Hobbs has announced his retirement. Doug Murray, who has led The Foschini Group for 11 years, said he would retire on September 2.
More than 25 leading UK retailers including Sainsbury’s, Ocado and Dixons Carphone have pledged to “lead the fight” in sustainability, signing up to a raft of initiatives.
Retail footfall continued to fall year-on-year in February across most retail destinations, even before the impact of the snow during the last two weeks. According to the latest Footfall and Vacancies Monitor from the British Retail Consortium (BRC) and Springboard covering January 28 to February 24, year-on-year, footfall decreased by 0.5 per cent. While it is a slowdown compared to the one per cent growth seen in the same period last year, the decline was still less than a third of that recorded in January, lower than the three-month average of -2 per cent decline, and lower that the 12 month average of -0.7 per cent
The overall total direct cost of retail crime has risen by six per cent from £660 million to just over £700 million, with crime in all categories growing except for fraud. The latest annual Retail Crime Survey , put together by the British Retail Consortium (BRC), has also revealed a spike in violence against staff causing injury, with the number of incidents – six per 1000 workers – happening at twice the rate of the previous record in last year’s survey
Two separate grocery market share data have shown that British supermarkets continued to record soaring sales, spurred on by festivities such as Valentine’s Day and Chinese New Year. According to the latest figures from Kantar Worldpanel, published today for the 12 weeks to February 25, grocery sales increased in value by 3.2 per cent compared to the same time last year – marking the 12th consecutive period that total sales exceeded three per cent
As of April 2017, all companies with a pay bill of over £3 million have been forced to pay 0.5 per cent of their overall wage payments into the apprenticeship levy, whether they choose to employ apprentices or not. The thinking behind this “tax” was simple, helping to boost the country’s unshakably low productivity output by “investing in human capital” and committing to creating 3 million new apprenticeships by 2020
The Yoox Net-a-Porter Group (YNAP) has confirmed the appointment of Giuseppe Tamola as the new global brand and marketing director for its Yoox fascia. READ MORE: YNAP hits €2bn mark for the first time in 2017 Richemont’s YNAP bid review period extended A spokesman from YNAP told Retail Gazette that Tamola will be responsbile for developing the Yoox’s brand and marketing mix as well well increasing its commercial efficiency.