A report released by Brightpearl on Wednesday suggests that the introduction of try-before-you-buy services could spell disaster for unprepared e-commerce retailers, swamping them with returns and obliterating margins.
New Look's CVA plan under which it will close 60 stores has received almost unanimous creditor approval, it said Wednesday. And it’s looking to the future with a new approach to pricing and faster product development.
Moss Bros has seen a perfect storm of problems. Its supplier consolidation has backfired in the short term causing stock shortages, while bad weather and consumer caution have hurt turnover and led to a profit warning.
Luggage and accessories label Travelteq has opened its first flagship store in Amsterdam. The shop carries a collection of bags, trolleys and accessories as well as travel-related products, including books.
Following the bankrupt toy retailer’s announcement that it plans to shut down its US locations, the e-commerce giant is said to have considered taking over some of the spaces to expand its brick-and-mortar footprint.
LK Bennett surprised the retail sector when it named Darren Topp, ex-boss of failed BHS, as its CEO, but now it seems that Topp is leaving and Erica Vilkauls, who recently ran the failed East chain, is on board.
John Lewis must be hoping for a big sales uplift in the current week as it opens it 50th department store today at Westfield London. But for last week, it saw a total company sales increase of only 2% to £206m.
Further evidence of the importance of cycling as an expanding sports category has come with news that UK brands giant Pentland has bought the Scotland-based Endura cycle clothing and accessories label.