Debenhams has launched a new initiative that offers concession space within their shops for independent local food companies. The scheme is being trialed as a pilot in the department store retailer’s central Manchester, Trafford and Oxford Street stores. It comes after Debenhams said it recorded an 11 per cent uptick in food sales since it added food concessions like Franco Manca, Creams and The Real Greek.
Retailers may have to start checking whether online reviews are from genuine under new guidelines from the British Standards Institution. An estimated £23 billion of spending is thought to be influenced by consumer reviews every year in the UK, but concerns have been raised by the Competition Markets Authority (CMA) over the influence of fake review. In response the BSI has published a new standard, dubbed ISO 20488, for retailers and other companies to ensure the validity of online reviews
Six major retailers have already filed for bankruptcy in 2018, pointing to more struggles ahead. With data from CreditRiskMonitor, we looked at the companies that could be vulnerable in the next 12 months.
Move over Party City….Michaels Companies is making a big commitment to party goods via the Martha Stewart brand.
1999: After entering the online toy market in 1998, Toys R Us endured a disastrous 1999 Christmas period, failing to deliver many gifts in time for December 25.
Data is crucial for retailers to understand and interact with customers. That’s why retailers need to be on top of big EU-driven changes to data laws that take effect in May. The General Data Protection Regulation (GDPR) dictates how you collect, store and use personal information about consumers and employees.
Reports have emerged that Maplin is in “crunch talks” with potential buyers as it races to secure a new owner to guarantee the future of its 2500 employees. The parent company of the electricals chain, Rutland Partners, appointed PwC in January to review Maplin’s options after it identified cost savings and contacted landlords for better rent terms. The retailer is reportedly confident in being able to secure a sale, although no deal has been agreed as of yet.
Congratulations the launch of Peddler! When I saw the site live for the first time, I felt so proud of my incredible team. They have all worked so hard to put all the pieces together and now it’s finally come to fruition, and I couldn’t have done it without them. We’ve already generated heaps of sales and had lots of positive feedback, but we are continuing to make changes based on our customers’ responses to make the site even better for them
Australian stationery retailer Smiggle is set to open a two-storey flagship store on London’s Oxford Street as it ramps up its ambitious expansion scheme.
Retail has been revealed as the most miserable industry to work in, according to a new study on attitudes towards bosses. The study, commissioned by Expert Market and facilitated by independent survey company Vivatic, quizzed 2200 people about their relationship with their managers to determine the industries with the worst bosses. Just over half of respondents – 52 per cent – said that they hated their job specifically because of their boss, and one in 10 said they imagined killing them.