Debenhams is set to trial a “click, try and buy” service at its new Stevenage store this year as part of a raft of measures to improve customer experience under its Debenhams Redesigned turnaround strategy.
Consumer confidence in the UK weakened slightly this month amid increasing pessimism around household income and the wider economy, according to a long-running monthly survey. GfK’s Consumer Confidence Index dropped one point in February to -10, which was in line with expectations and down from -9 in January. READ MORE: UK has “passed the peak” of inflation as shop prices fall in February Footfall and consumer spend hit 5-year lows in January Inflation above target for 12th month in a row “Surprise” boost in consumer confidence in January Of the five measures used to determine the overall monthly index, three decreased, one stayed the same level and one increased
Jones Bootmaker has changed hands less than a year after it was rescued from collapse, with competing footwear chain Pavers acquiring it through a pre-pack administration. It comes shortly after private equity firm Endless, which bought Jones Bootmaker last March in a separate pre-pack administration, put the retailer up for sale following tough trading. Pavers has now taken control of 42 the heritage footwear retailer’s surviving 47 stores, as well as Jones Bootmaker’s website and branding.
Westfield Corporation has insisted that Unibail-Rodamco’s proposed £18.5 billion takeover was on track amid a rise in sales, profit and footfall in its annual report. In an investor call, co-chief executive Peter Lowy reaffirmed that the board and the Lowy family were “committed to this transaction” and that there was “no plan B”. Lowy added he was confident the proposed deal would become a reality, despite speculation over its fate after currency volatility and sharemarket volatility hitting valuations
You’ve just signed a major distribution partnership with Primo International. What does this mean for Simba? Primo International is an excellent alliance for Simba
Richemont’s takeover bid for Yoox Net-a-Porter (YNAP) has been handed some uncertainty amid reports that a long term shareholder will vote against it. According to The Sunday Times , US-based value investor Robotti & Co – which has a stake of less than one per cent in the YNAP Group – did not see the deal as being “synergistic” or that the price offered was at “sufficient valuation”. READ MORE: Richemont makes €2.8bn bid to acquire Yoox Net-A-Porter Group “Given that Yoox Net-a-Porter has leading a position in the industry and the best management team, we think the company should remain independent for the time being,” Robotti & Co portfolio manager Isaac Schwartz told the newspaper
Richemont’s takeover bid for Yoox Net-a-Porter (YNAP) has been handed some uncertainty amid reports that a long term shareholder will vote against it. According to The Sunday Times , US-based value investor Robotti & Co – which has a stake of less than one per cent in the YNAP Group – did not see the deal as being “synergistic” or that the price offered was at “sufficient valuation”
An activist stakeholder in wholesale and convenience grocery firm Booker has said Tesco’s impending acquisition was “on the cheap”.
Lowe’s is expanding its commitment to virtual reality — this time, internally.
An average house in Brixton, London, will set you back £581,407 according to property firm Zoopla. It also states that average prices have risen in the area by 76 per cent over the past decade, meaning in 2008 it would have cost around £330,000. These figures mean very different things depending on who you talk to.