All articles by Ritika Bhoora – Page 30
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NewsVirgin Wines profits slow ‘in line with expectations’
Virgin Wines reported a full-year trading performance “in line with expectations” driven by a disciplined approach to customer acquisition, positive trends on conversion and cancellation rates, and a resilient WineBank loyalty scheme.
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NewsDFS reaches ‘strongest ever’ market share despite challenging market
Furniture specialist DFS reported a record market share of 38% driven by “the group’s leading brands, scale and well-invested integrated retail proposition”.
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GalleryInside NYX’s Barbie beach club in Covent Garden
A week before the release of the highly anticipated Barbie movie, makeup and beauty brand NYX has opened its Barbie beach club pop-up store in Covent Garden, London.
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AnalysisHow inflation has forced retailers to adapt their loyalty schemes
As inflation has run rampant and customer confidence plummets, retailers have increasingly turned to loyalty schemes to drive sales. Retail Week takes a look at how six retailers have adapted their programmes to appeal to cash-strapped customers
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NewsCost-of-living crisis to cost households £65bn
The cost-of-living crisis is likely to go on for the next 10 months and cost households £65bn, according to the latest research by Retail Economics and Grant Thornton UK LLP.
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NewsRevolution Beauty CEO may quit as part of compromise deal
Revolution Beauty’s chief executive Robert Holt may quit as part of a compromise with fashion retailer Boohoo.
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NewsLush’s plastic-free collection crosses £1m global sales in a week
Lush’s latest plastic-free collection in collaboration with Spongebob Squarepants has crossed £1.3m in global sales since launching at the end of June.
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NewsBritish Land calls retail parks ‘winning retail format’
Property group British Land posted “strong operational momentum in the business” and said “retail parks continue to be the winning retail format” ahead of its AGM later today.
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NewsSosandar swings to profit in ‘milestone year’
Sosandar reported an increase in revenues and profits in a “transformational year” ending March, 2023 “despite the challenging macroeconomic conditions”.
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NewsPrettyLittleThing promotes from within to fill chief executive role
PrettyLittleThing has named Tom Binns and Nicki Capstick to take on the role of chief executive, previously held by Umar Kamani for 12 years.
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NewsOnline retail sales decline in June
Online retail revenue declined in June compared with last year, marking the 26th consecutive month where growth has remained flat or negative.
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NewsRevolution Beauty says ‘compromise’ with Boohoo near
Revolution Beauty says “a compromise position with Boohoo is close” as it sets out a date for a requisition meeting.
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NewsSephora to open second London store
French beauty retailer Sephora is set to open its second store in the UK in Westfield Stratford City, London.
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NewsProCook names new chief executive
Kitchenware retailer ProCook has named Lee Tappenden as the group’s new chief executive, starting in October.
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NewsArgos to close 100 stores by March next year
Argos plans 100 store closures in the UK over the next year as it shuts more stores starting next month.
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NewsJD Sports strengthens position in Iberia with £427m acquisition
JD Sports is set to buy out the minority shareholders in Iberian Sports Retail Group (ISRG) to acquire 100% of the brand as it strengthens its foothold in the Iberian peninsula.
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NewsTHG’s Matt Moulding eyes potential sale of head office
Matt Moulding, chief executive of THG, which owns brands like Lookfantastic and Myprotein, is weighing up the sale of its headquarters, located at Manchester’s Icon business park.
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NewsSuperdrug names new healthcare director as it increases focus on health retail
Superdrug has named Ghada Beal as its new healthcare director as the high street retailer looks to build on its health and wellness offering.
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NewsJD Sports colluded with Leicester City FC to restrict competition, CMA finds
An investigation by the Competition and Markets Authority (CMA) has provisionally found that the sportswear retailer “colluded” with Leicester City FC to restrict competition in sales of the club’s branded clothing over three seasons.
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AnalysisWhat is the endgame of Revolution Beauty and Boohoo’s war of words?
In the weeks since Boohoo publicly announced plans for a hostile takeover of Revolution Beauty, what followed has been a war of words fought on the battlefield of the London Stock Exchange, with each party accusing the other of corporate wrongdoing and “self-serving” behaviour.