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Online retailers face “returns tsunami” as try-before-you-buy trend intensifies

Retailers could soon be faced with a “returns tsunami” thanks to the emergence of new try-before-you-buy schemes for online consumers. With returns already costing UK retailers £60 billion a year, a new report released today highlights the hidden dangers of online and multichannel retailers introducing try-now-pay-later options for customers

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Adidas posts double-digit growth across all regions as it raises outlook

Sportswear giant Adidas has reported double-digit growth across all regions over the last year, encouraging the brand to upgrade its profitability targets. Net sales for the retailer rose 14.8 per cent to €21.2 billion (£18.8 billion) while gross profits rose 17.6 per cent to €10.1 billion (£8.96 billion).






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32% rise in Chinese tourist spend at UK shops

Chinese tourist spend on shopping in the UK has risen by almost a third, bolstered by the visitor numbers from China breaking the half-million mark for the first time. According to annual visa figures from the UK China Visitor Alliance (UKCVA), Chinese visitors to the UK soared by over 150 per cent in the five years since 2012, from 211,000 visitors to 532,000 in 2017






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Yoox Net-A-Porter’s revenue uptick spurs profit growth

Yoox Net-a-Porter Group’s surge in full-year revenues allowed it to record an uptick in annual profits across all of its markets, including the UK despite the devaluation of the pound against the euro. YNAP’s UK net revenue increased 13.7 per cent to €286.8 million (£257.1 million) on a reported basis in its financial year ending December 31.






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Revealed: Retailers with the biggest gender pay gaps

Just under a year ago, the government passed legislation requiring any companies with over 250 staff to publish annual reports of their gender pay gaps publicly. Retail employs just under 3 million people in the UK, 60 per cent of whom are female.






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John Lewis Partnership reports growth as people start to buy spring ranges

John Lewis Partnership’s weekly year-on-year sales have risen 2.1 per cent to £203.87 million as people began to stock up on alcohol and buy spring/summer ranges. Sales at its grocery arm Waitrose in the week to February 24 jumped 3.2 per cent, driven by a 7.5 per cent rise in beer, wines and spirits, having become the first UK supermarket to stock Japanese craft gin brand Roku.






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Hammerson enjoys bumper year as it readies for £3.4bn Intu takeover

Hammerson has reported a boost across the vast majority of its business operations, as it readies itself for a £3.4 billion takeover of Intu. According to Hammerson’s audited results for the full-year period ending December 31, net rental income went up 6.9 per cent year-on-year from £346.5 million to £370.4 million






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New Look and John Lewis reveal double-digit gender pay gaps

New Look and John Lewis have followed Tesco in becoming the first major retailers in the UK to publish their gender pay reports as new government rules come into force. The retailers published the results ahead of the April deadline, by which time any company with more than 250 employees needs to publish mean and median gender pay gap






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New Look and John Lewis reveal double-digit gender pay gaps

New Look and John Lewis have followed Tesco in becoming the first major retailers in the UK to publish their gender pay reports as new government rules come into force. The retailers published the results ahead of the April deadline, by which time any company with more than 250 employees needs to publish mean and median gender pay gap






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John Lewis Partnership records 1.6% weekly sales rise

Both John Lewis and Waitrose have enjoyed a positive week, allowing its parent company the John Lewis Partnership to record another week of solid sales growth. For the second week of its fiscal year ending February 10, the partnership raked in £200.34 million in sales – a 1.6 per cent year-on-year increase. Separately, the partnership’s eponymous department store chain recorded 1.7 per cent year-on-year increase in total sales, while Waitrose recorded a 1.6 per cent rise






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