UK retail failed to recover from the weak sales of a year ago during March and fashion was among those not bouncing back sufficiently. But online boomed as gifting continued to switch to digital channels.
Manchester-based The Hut Group has increased its bank borrowing to $1bn (about £766m) and welcomed Shanghai Pudong Development Bank as an investor to support “major investments in beauty, technology and infrastructure”.
Instagram is testing a new seek feature for video posts, following the announcement of a roll-out of tools set to help brands and influencers establish and maintain more powerful marketing partnerships.
Japanese cosmetics giant Shiseido has signed a business partnership with Alibaba to develop new products for the Chinese market. It said the tie-up will also see the companies collaborate on marketing and ecommerce.
Sports Direct, the retail group that is seeking control of Debenhams, said it has been contacted by other shareholders in the department store group expressing their support to install Mike Ashley as Debenhams CEO.
Unilever, one of the world's biggest advertisers, will pick a network of "trusted publishers" with which to spend most of its marketing budget, in its latest attempt to improve its digital advertising.
Shop Direct, the UK’s largest integrated pureplay digital retailer and financial services provider, on Wednesday announced plans to rebrand to The Very Group, focusing on the name of its flagship webstore.