The Fragrance Shop has enjoyed a bumper Christmas after gift sets and celebrity-endorsed luxury scents drove a rise in like-for-like sales during the crucial trading period.
Superdry has enjoyed a healthy Christmas trading season and booked strong figures in its interim report, all of which were bolstered by double-digit online sales growth. For the festive season covering 10 weeks to January 6, the fashion chain and wholesaler said like-for-like retail sales climbed 4.7 per cent while group revenue of £215.6 million was 12.6 per cent higher than the prior year. Meanwhile, Superdry’s global brand revenue increased by 13.6 per cent year-on-year to £314.4 million.
The founder of Game’s Multiplay division Craig Fletcher is set to leave the video games retailer at the end of the year after announcing his resignation. Fletcher joined the retailer back in 2015 when Multiplay, which he founded in 1997, was acquired for £20 million. Fletcher remained the boss at Multiplay until 2016, when he was promoted to a role as Game’s senior vice president for esports and competitive gaming strategy
Canadian athleisure brand Lululemon has boosted its outlook for the full year following better than expected third-quarter figures. In the three months to October 29, the retailer posted a net revenue rise of 14 per cent to £461.7 million, exceeding analysts estimates of around £455 million
Luxury fashion retailer Coggles has returned to brick-and-mortar retail, opening its first physical store since 2013 in Cheshire. Coggles opened the new 4000sq ft store in Alderley Edge on December 2, marking its first offline offering since it was forced to close its York flagship four years ago after falling into administration. The retailer, which was founded in 1974, has traded online since it was bought by The Hut Group a month after appointing administrators
New & Lingwood’s Jermyn Street store in London recently underwent renovation. Can you describe some of the changes? Our aim was always to create a refreshed version of the beloved original New & Lingwood store rather than do a radical new design.
Oxford is iconic for many reasons. It’s home to perhaps the world’s most revered university, it was the birthplace of Alice in Wonderland, it was set to be the capital of the UK had Hitler successfully invaded and it was home to the world’s first public museum
Home furnishings retailer Ikea has officially opened its 20th UK store in Sheffield. Located on Sheffield Road in the Tinsley neighbourhood, the new 35,000sq ft store has created over 480 jobs
“There’s a hell of a lot of change, I mean this is the most transformational period in retail full stop.” The death of the high street has been predicted as many times as people have predicted armageddon, but Alex Schlagman is the polar opposite of a doomsday preacher.
Tofs has hired the former commercial director at Halfords, Emma Fox, to be its new chief executive. She will begin her role at the value department store, which used to be known as The Original Factory Shop, sometime in August