More on Me + Em – Page 288
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Innovation of the WeekInnovation of the Week: H&M invests in materials science company Kintra Fibers
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our analysts.
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Retail VoiceFour next-gen CX lessons learned by industry leaders
Did Covid kill in-store retail? Informatica’s Tim Davies investigates how retailers can deliver a first-class customer experience post-pandemic
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NewsAuthentic Brands Group adds Hunter to portfolio
US private equity-backed Authentic Brands Group, which owns Reebok and Ted Baker, has completed the acquisition of Wellington boot brand Hunter.
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NewsFarfetch announces New Guards Group leadership changes
Farfetch has announced a series of leadership changes at luxury brands platform New Guards Group (NGG), which it acquired in 2019, as NGG co-founders Davide De Giglio and Andrea Grilli confirm they will “step down from the business”.
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NewsLululemon sales soar in ‘solid start to the year’
Lululemon has reported a net revenue increase of 24% to $2bn (£1.6bn) as shoppers snapped up its high-end yoga gear and activewear.
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NewsMarks & Spencer adds more brands online in footwear push
Marks & Spencer has bolstered its online roster of third-party brands as it seeks to gain ground in the footwear category.
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NewsAmazon pays £781m in UK taxes as business grows
Ecommerce giant Amazon paid a total of £781m in direct UK taxes last year as it continued to scale the business across the country.
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NewsRevolution Beauty revenues slip as it navigates accounting scandal
Revolution Beauty revenues have slipped as the brand continues to navigate an audit investigation that revealed “unacceptable” business practices.
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AnalysisStrategy spotlight: Five ways Frasers Group aims to elevate its proposition
In 2021/22, Frasers Group’s total sales climbed 32.5% to £4.8bn for the 52 weeks to 24 April, 2022, and it recorded pre-tax profits of £335.6m.
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NewsAsos launches incubator to ‘bridge gap’ for ethnic minority-owned brands
Asos has teamed up with The Fashion Minority Report to launch ScaleUP, a new programme to “help bridge the gap between the fashion industry and ethnic minority-owned brands”.
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AnalysisFanatics boss outlines goal-scoring tactics in Europe having conquered the US
Fanatics is a celebrated name among sports fans around the world. Licensed merchandise, collectibles, betting and online gaming – the business does it all, with a reach of 100 million global sports fans in more than 180 countries
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InterviewQ&A: The Very Group’s Paul Hornby on integrating AI into the digital customer experience
The Very Group is in the midst of a tech transformation and by 2024 it plans to migrate most of its app and website to its new Skyscape platform which will help deliver customer experience changes “more frequently and faster than ever before”
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GalleryStore gallery: Inside affordable homeware retailer Søstrene Grene’s first London shop
Danish home accessories retailer Søstrene Grene has opened its first store inside the M25.
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NewsConverse appoints new CEO and president
Footwear retailer Converse has named Jared Carver as the brand’s new chief executive and president, taking up the role today (June 1).
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NewsM&S freezes school uniform prices for third year as cost-of-living crunch persists
Marks & Spencer has frozen the price of its school uniform as shoppers continue to struggle with the high cost of living.
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NewsToys R Us returns to UK high streets with WHSmith tie-up
WHSmith is set to bring Toys R Us back to the UK in bricks and mortar this summer, opening nine shop-in-shops across the country.
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NewsDr Martens sales top £1bn but profits drop
Dr Martens sales have reached £1bn for the first time, but profits tumbled and “operational mistakes” in the US impacted its performance.
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NewsIkea acquires software provider to speed up online orders
Ikea has bought US-based software brand Made4Net for an undisclosed sum.
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DataMay footfall rises on the back of three bank holidays
Retail footfall in May increased as shoppers took advantage of the three bank holidays last month.
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Opinion‘Government should forget food price caps and let shopkeepers shopkeep’
The latest government idea to combat the cost-of-living crisis is so outlandish that it might have been formulated on Neptune, the furthest planet from Earth, rather than in Downing Street