All THG (The Hut Group) articles – Page 2
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NewsLookfantastic’s beauty AI tool set to generate a spike in sales over Black Friday
THG-owned Lookfantastic expects its beauty AI tool to generate a spike in sales over Black Friday as it has seen a surge in users since its launch last year.
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InterviewQ&A: THG Nutrition chief executive Neil Mistry explains why the Myprotein rebrand is the solution to declining sales
Retail Week speaks to THG Nutrition’s chief executive Neil Mistry about the recent Myprotein rebrand, striking retail partnerships with giants like WHSmith and Holland & Barrett, and how he’s trying to turn around declining sales.
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NewsPeel Hunt downgrades profit forecasts for six retailers due to Budget impact
Investment bank Peel Hunt has downgraded its profit forecasts for six retailers, including struggling fast fashion player Boohoo and cycling and motoring specialist Halfords, due to the effects of changes to national insurance made in the recent Budget.
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AnalysisRetail 2025: AI investment a top priority for next year, say retail bosses
Investment in AI will be central to retail strategies next year, with 35 CEOs revealing to Retail Week they are spending on various applications of the tech in a major new research paper.
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Retail Navigator AnalysisTHG (Strategy)
THG plans to take Ingenuity private, separating it from the rest of the group, simplifying the business model. The rest of the group – THG RemainCo – will include the core nutrition and beauty arm.
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Retail Navigator AnalysisTHG (Financials)
THG has grown rapidly since its inception over a decade ago. Although sales fell in its latest financial year amid “challenging conditions across the globe”, losses narrowed at pre-tax and operating levels as THG exited non-profitable categories and clinched a stronger margin performance.
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AnalysisTHG’s Ingenuity demerger explained and what it means for the rest of the business
As THG demerges its Ingenuity division, Retail Week examines what this means for the online retail giant
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NewsTHG to demerge Ingenuity arm to simplify business model as it sets sight on FTSE
THG is set to demerge its Ingenuity arm as it simplifies its business model as a consumer beauty and nutrition group and targets inclusion in the FTSE UK Index by March 2025.
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Innovation of the WeekTHG Fulfil is enhancing warehouse capabilities with the addition of robots
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our team.
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NewsMyprotein strikes retail partnership with Holland & Barrett as part of offline sales push
Exclusive: THG’s pureplay sports nutrition line, Myprotein has struck a new retail partnership with health and wellness retailer Holland & Barrett as it looks to capture the offline market, Retail Week can reveal.
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NewsTHG-owned Lookfantastic has opened first permanent store
Lookfantastic, one of the beauty brands owned by pureplay giant THG, has opened its first permanent store in Altrincham, Greater Manchester.
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NewsTHG is set to spin off its Ingenuity arm as it records a dip in profit and revenue
THG has reported a dip in revenue and profit as it also looks to demerge its technology platform Ingenuity.
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NewsTHG is slashing 171 jobs as it orders all staff back to office five days a week
THG is set to cut 171 jobs across various departments as it puts an end to flexible working by calling staff back to the office for five days a week, starting from August 19, 2024.
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NewsTHG is extending its next-day delivery deadline as late-night shopping booms
THG’s UK customers will be able to place orders for next-day or same-day delivery until 1am, seven days a week as the retailer hops on the late-night shopping trend.
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AnalysisRetail cabinet: What would government look like if retailers ran the country?
As the country casts its votes in the general election, Retail Week imagines what a cabinet made up of bold and capable retail leaders might look like
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AnalysisWhy Frasers believes now is the right time to push its Plus loyalty app
As Frasers Group strikes a new partnership with Hornby Hobbies to push its credit and loyalty platform, Frasers Plus, Retail Week takes a closer look at the buy now pay later platform and its first-ever partnership with THG earlier this year.
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NewsTHG-owned Lookfantastic to open first physical store
THG-owned ecommerce beauty retailer Lookfantastic is stepping into physical retail with its first high street store.
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NewsTHG and Frasers launch Ingenuity tie-up
THG and Frasers have today announced a multi-year partnership on the health and beauty giant’s Ingenuity platform.
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AnalysisBoots, Very and THG crowned UK’s best machine-powered retailers
Retail Week’s new report recognises retailers successfully embedding adaptive AI and features exclusive interviews with industry leaders on their AI strategies.
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NewsTHG locks horns with its Australian distributor in court
THG continues its fight with Australian distributor, Nutrition Depot, over unpaid bills, The Telegraph reported.