All THG (The Hut Group) articles – Page 3
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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.
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AnalysisHow Gymshark and Cult Beauty are cashing in on the TikTok opportunity
An exclusive survey of more than 1,000 online shoppers reveals what’s really making them part with their cash in our unmissable new report
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AnalysisCan a Shein float turn around retail’s IPO fortunes?
As Shein accelerates preparations for a blockbuster London IPO, Retail Week looks at how other retailers have fared since going public.
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NewsTHG sales dip as devalued yen hits nutrition business
THG has reported a dip in sales for the first quarter as its nutrition business proved to be a drag on surging beauty sales.
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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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NewsTHG profits surge despite sales slip
THG has posted an increase in profits for the full year and maintained its profit guidance despite a slip in sales driven by “action to discontinue loss making categories”.
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NewsTHG to axe HQ and warehouse jobs
Ecommerce giant THG is reportedly laying off 60 marketing and sales employees as well as around 100 warehouse staff across the group.
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AnalysisOwn-brand beauty: How ‘budget’ lines have disrupted the market
With beauty retailers enjoying a bumper Christmas trading period, the one thing they all had in common was the resounding success of their competitively-priced, own-brand products against the traditionally dominant branded offerings.