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Tag: european

Snap will try and sell unsold Spectacles in the UK after reporting $40 million loss

It marks Snap’s first fixed European Spectacles retailer, Verge reports.

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Sonos picks London for first European store

Sound technology brand Sonos is set to open its first European concept store in the heart of London on November 16.






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COMMENT: Getting online retail up to speed

Nobody likes waiting. Whether it’s for a bus or for a site to load, people want things to be there exactly when they need them.






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Saks Fifth Avenue owner continues to face pressure, amid a bid for its European department store

Its European rival lodged a bid for its German store, while its activist investor contested its recent liquidity play






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Study: European retailers still struggle to deliver convenience options

Despite shoppers’ high customers service demands, express and same-day deliveries are not commonplace among European retailers.






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UK commercial property values have dropped since Brexit

UK commercial property values in 2016 dropped by billions after the vote to leave the European Union, according to a new report. The Property Industry Alliance’s (PIA) latest report has revealed that commercial property values in the UK, of which retail accounts for 38 per cent, dropped 4.6 per cent in 2016 from £926 billion to £883 billion. Commercial property reportedly accounts for around 13 per cent of the value of all buildings in the UK, and 10 per cent of the UK’s net wealth






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Overseas growth set to boost Asos’ annual results

Asos is expected to reveal how increased global expansion has allowed it to record a spike in full year sales when it releases its annual results on Tuesday. The online giant is expected to post a 35 per cent surge in sales to £1.9 billion, according to a consensus of City analysts. READ MORE: Asos begins same-day delivery In addition, the fashion retailer’s profit is predicted to grow 24 per cent to £79.3 million






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MC Overalls to open debut store on Carnaby Street

Fashion brand MC Overalls is set to open its first permanent bricks-and-mortar store at 14a Newburgh Street in London’s iconic Carnaby Street shopping destination.






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Amazon failed to pay almost $300M in EU taxes

The bill is going to tax haven Luxembourg, whose 2003 ruling allowed Amazon to escape taxes on 75% of its profits from sales, the European Commission said.






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Made.com posts 58 per cent profit boost

Furniture retailer Made.com has seen profits soar nearly 60 per cent in the last year as it continues to grow its penetration in international markets. In the 12 months to December 31 2016 sales jumped 48 per cent to £91 million, while gross profits jumped 58 per cnet to £49.3 million. READ MORE :  DFS warns of “significant declines” in footfall and orders Meanwhile adjusted EBITDA saw losses reduced 38 per cent to £3.8 million, and its gross profit margins rise 330 basis points to 54.1 per cent






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