All articles by Ritika Bhoora – Page 15
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NewsAdidas increases profit guidance as sales exceed expectations
Global sportswear giant Adidas has increased its full-year profit guidance after its performance exceeded expectations in the first quarter of 2024.
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NewsGetir weighing asset sales as part of restructuring talks
Getir, one of the world’s largest rapid-delivery grocery platforms, is weighing a string of asset sales as part of a restructuring of the business after its valuation plummeted.
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NewsMatalan adds 17 new brands and gets more inclusive on sizes
Matalan has launched 17 new third-party brands and extended its sizing options, strengthening its “commitment to bring customers better choice, style and value”.
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NewsMorrisons launches AI-based loyalty card feature in UK first
Morrisons is launching a new feature under its Morrisons More Card loyalty scheme which uses AI to personalise offers to each customer.
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NewsBRC calls for tougher police action against retail crime
The British Retail Consortium is calling for tougher action against retail crime, as part of its Get Tough on Retail Crime campaign, ahead of the Police and Crime Commissioner (PCC) elections on May 2.
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NewsSports Direct fails to get injunction against Newcastle United FC
Mike Ashley’s Sports Direct has failed to get an injunction against Newcastle United to stop the football club’s exclusive kit deal with rival sports retailer JD Sports.
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NewsBath & Body Works to open first standalone store in London
US beauty and lifestyle retailer Bath & Body Works is set to open its first standalone store at Westfield London shopping centre in White City.
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NewsTesco joins rivals to launch ‘Best of British’ page on website
The UK’s largest supermarket Tesco has joined rivals to launch a ‘Best of British’ page on its website to support local farmers and producers.
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NewsMajestic Wine opening first store on Channel Islands
The UK’s largest specialist wine retailer has revealed plans to expand to the Channel Islands as it doubles down on its investment into bricks-and-mortar growth.
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NewsTHG Beauty boss expects return to growth in ‘extremely buoyant’ market
THG Beauty, which owns pureplay retailers including Lookfantastic and Cult Beauty, expects to return to growth in the next financial year as sales grew at a double-digit rate in the last quarter and the premium beauty market in the UK remains “extremely buoyant”, according to chief executive Lucy Gorman.
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NewsFrasers to acquire Dutch sports retailer Twin Sport
Frasers Group has entered a binding agreement to acquire Dutch omnichannel sports retailer Twin Sport as it looks to “become the number one sporting goods retailer in Europe, the Middle East and Asia” region.
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NewsSports Direct calls Newcastle kit deal 'unlawful' as it kicks off court hearing
Sports Direct headed to court against Newcastle United as it claimed the exclusive kit deal between the football club and rival JD Sports to be “unlawful”.
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NewsAS Watson appoints Malina Ngai as new group CEO
AS Watson Group, which owns Superdrug, Savers and The Perfume Shop in the UK, has appointed Malina Ngai as the new group chief executive, starting May 1.
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NewsSephora to open two new stores in the North East
French beauty giant Sephora has revealed its plans to open two new stores in Newcastle and Gateshead, following the success of its flagships in London.
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NewsRetail sales handed boost by early Easter
UK retail sales increased in March driven by an early Easter, which boosted food and non-food sales ahead of the long weekend, according to the latest BRC-KPMG Retail Sales Monitor.
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AnalysisMyntra: Who is the fashion marketplace partnering with Next in India?
After highlighting overseas ambitions as one of three key strategies for growth in its latest results, Next last week inked a franchise deal with Indian marketplace Myntra to expand in the territory. Retail Week takes a look at the brand’s new partner, its history and how the deal fits in with Next’s wider strategy
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NewsFrasers to open Sports Direct flagships in London Westfield centres
Frasers Group is set to open two new Sports Direct flagship stores in Westfield London shopping centres as it expands its “elevation strategy”.
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NewsThe Body Shop administrator proposes CVA to rescue business
The Body Shop’s administrator has proposed a company voluntary arrangement (CVA) to rescue the business, according to a report outlining the struggling beauty chain’s financial position and the events leading up to its administration.
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NewsManzanita Capital to put Space NK up for sale
Space NK owner Manzanita Capital is in talks to appoint bankers to oversee a partial or complete sale of the premium high-street beauty retailer, Sky News reported.
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NewsDecathlon sales rise in ‘transformative year’
Sportswear giant Decathlon has reported a rise in sales as it revamped its global brand identity and laid “strong foundations for the future” in “a transformative year” for the company.