Online-only retailers outpace their bricks and mortar rivals as fresh evidence of high street troubles emerge September 26, 2018 Online-only retailers’ sales have grown 24 times faster than those of bricks and mortar firms in the last five years, according to new data which underlines the current woes facing high street shops. A report out today from data specialist GBG Loqate shows that pure-play online retailers have grown their sales by 281 per [...]
Anthony Joshua proves the heavyweight division is built on his brilliance with brutal knockout of Alexander Povetkin September 25, 2018 When the referee stepped across Anthony Joshua as fallen challenger Alexander Povetkin crashed on the canvas for the second time in a matter of minutes on Saturday night, it was clearer than ever that the world champion remains the defining figure in heavyweight boxing. The match-up had always been an awkward one for Joshua. [...]
Debenhams looks to shore up investor panic with unveiling of its ‘store of the future’ September 24, 2018 Debenhams is gearing up for the unveiling of its “store of the future” later today, as the beleaguered retail giant looks to reassure both shoppers and investors after a challenging summer. The department store chain is also expected to reveal more details of its turnaround plans at the event in Watford today, having denied [...]
Online retail to be Next’s summertime saviour as hot weather boosts sales September 23, 2018 Fast fashion stalwart Next is preparing to reveal its half year results to investors on Tuesday, with many eager to see whether its online sales uptick continued throughout the UK’s extended hot summer. The retailer had previously warned earlier this year that it was facing its toughest trading conditions in 25 years as customers [...]
Mike Ashley hits out at landlords as three House of Fraser stores set to close September 23, 2018 House of Fraser boss Mike Ashley has hit out at "greedy" landlords as he announced the closure of three department stores. At least 15 stores that were previously earmarked for closure have been saved, House of Fraser announced, however branches in Edinburgh, Hull and Swindon face being shut down. Sports Direct owner Ashley, who [...]
Cath Kidston to review UK store locations in bid for higher footfall September 19, 2018 Fashion retailer Cath Kidston is reviewing the locations of its UK stores as it looks to move to destinations that attract higher footfall. The brand, which has 65 stores across the UK including pop-ups and concessions, is reviewing individual branches as leases come up for renewal at which point it will consider whether to relocate the store to a [...]
Cath Kidston to review UK store locations in bid for higher footfall September 19, 2018 Fashion retailer Cath Kidston is reviewing the locations of its UK stores as it looks to move to destinations that attract higher footfall. The brand, which has 65 stores across the UK including pop-ups and concessions, is reviewing individual branches as leases come up for renewal at which point it will consider whether to relocate the store to a [...]
Salesforce founder Marc Benioff buys Time magazine for $190m September 17, 2018 Salesforce founder Marc Benioff and his wife are buying Time Magazine in a $190m (£145m) cash transaction. Benioff, whose personal wealth is estimated at $6.7bn, and his wife Lynne are buying the iconic brand from current owner Meredith Corporation in a personal purchase unrelated to Benioff’s sales software company. The billionaire couple won’t be involved [...]
Salesforce founder Marc Benioff buys Time magazine for $190m September 17, 2018 Salesforce founder Marc Benioff and his wife are buying Time Magazine in a $190m (£145m) cash transaction. Benioff, whose personal wealth is estimated at $6.7bn, and his wife Lynne are buying the iconic brand from current owner Meredith Corporation in a personal purchase unrelated to Benioff’s sales software company. The billionaire couple won’t be involved [...]
Sports Direct denies reports Mike Ashley may block sale of Debenhams’ Danish arm Magasin du Nord September 16, 2018 Sports Direct have this evening denied reports its boss Mike Ashley is attempting to block a sale of Debenhams' Danish business Magasin du Nord. Reports suggested Ashley had threatened to halt the £200m of the business by Debenhams, in which he already has a 30 per cent stake, in the hopes of forcing the business into [...]