Fashion retailer United Colours of Benetton opened the doors to a new three-storey 16,000sq ft flagship today in the heart of London’s West End. The new Oxford Street store, positioned intentionally to benefit from the boost in footfall expected when the Elizabeth Line opens this year, will mark the retailer’s 16 th UK store. Its key features include a “knitwear theatre” displaying the brands extensive knitwear collection, LED screen cladded 12 ft arches, a lounge area and touchscreen interactive tables
Walmart shares fell after a former executive filed a suit claiming the retailer issued misleading e-commerce results.
Supermarket giant Morrisons has seen its levels of growth accelerate over the past year, marking its third consecutive year of rising sales.
The Lululemon challenger is adding brick-and-mortar stores to its growth strategy as the retailer looks to make it big in a competitive category.
Alcohol retail giant Conviviality saw 60 per cent wiped off its share values following a profit warning due to an error in its forecasts. Earlier this week the Bargain Booze and Wine Rack owner announced that its profits would come in around £5.2 million lower than expected. It attributed this 20 per cent drop to a “material error in the financial forecasts” in its wholesale and distributor arm Conviviality Direct.
Tesco has sparked major controversy on social media over a children’s fox hunting costume and has been accused of encouraging children to take part in “bloodsport”.
Toys R Us stores are expected to start making redundancies and close stores over the next week, with 26 loss-making stores first on the chopping block. After entering administration on February 28, the the UK counterpart of the American toy giant is yet to find a buyer despite administrators Moorfields stating it would make “every effort” to find one
Toys R Us could soon liquidate its U.S.
Luxury department store Liberty of London has appointed Rob Unsworth to the role of chief financial officer. Unsworth has more than 20 years of experience in the retail sector, with his most recent role being finance director at Debenhams. READ MORE: Liberty names new CEO Liberty records uptick in sales, profit & footfall despite tough market His appointment comes just over a month after Adil Mehboob-Khan was named as the retailer’s new chief executive officer
Considering the off-price sector's advantages in good times and in bad, the retailer has plenty of potential, some analysts say.