The Co-op is considering a sale of its insurance arm for around £300 million in order to free up capital to invest in other initiatives. According to Sky News , the retailer has called in the aid of Fenchurch Advisory Partners to help sound out buyers for its insurance subsidiary. Although the retailer is understood to have already approached buyers, it has not yet decided whether it will definitely sell the insurance business, which employs over 1000 people
Days after massive crowds forced Build-A-Bear Workshop to cut short its “Pay Your Age” promotion, the retailer has found a way for all of its loyal shoppers to take advantage of the deal.
It's just one more move by the retailer to earn back lost shoppers and gain credibility with younger consumers.
If a deal goes thorough, this would be the retailer's third major international pullback this year.
Marks & Spencer has hinted that there could be even more job losses and store closures as it powers on with its radical turnaround scheme. Speaking at the retail bellwether’s AGM yesterday, chairman Archie Norman said the size of the M&S store portfolio had become a “drag” on its performance
Poundworld’s administrators have announced the closure of 25 stores, placing hundreds of jobs on the chopping block. After officially appointing Deloitte as administrators last month, the retailer is now due to close 25 of its 335 stores from July 15, making 242 employees redundant.
The plaintiff argued that changes restricting the retailer's former lifetime guarantee harmed customers who expected to benefit from the policy. The court said he had no case
As Prime Day looms, the retailer's dominance is expected to grow, but competitors — especially those selling electronics — are piling on.
As it mulls changes to other stores, the retailer is inviting shoppers at its remodeled flagship to provide feedback on new merchandising and tech design tools.
At Cannes Lions, the VP of marketing for the retailer's media network predicted marketers who haven't invested in data protection will lose ground going forward.