ASOS is expected to announce the acquisition of Topshop and other Arcadia brands as soon as Monday with reports that the purchase price is almost £300 million.
L’Oréal’s U.S. subsidiary has announced that it is teaming up with the country’s largest civil rights organization to launch an initiative offering funding to Black-owned small businesses and Black entrepreneurs.
Stockmann has updated its guidance and written down the value of its Lindex chain following an ‘impairment test’ for the business, even though Lindex’s performance has been fairly strong in recent periods.
Large-scale store openings may be on hold due to Covid, but with China already recovering, it’s being prioritised. H&M Group said on Friday that Nordic lifestyle brand Arket will open a flagship in Beijing this autumn.
H&M Group has warned that its current quarter continues to see sales hurt by the pandemic. The warning came after it reported a sharp fall in profits for Q4 and the full year.
Beauty products made using chia seeds could soon be finding their way into your bathroom.
The Hut Group (THG) has stepped up its ethical stance on the UK beauty recycling front. The e-commerce platform that retails a vast range of fast-moving consumer goods has introduced recycle:me by THG.
Already a blight on Britain’s retail landscape, the number of empty stores and other commercial properties increased at the fastest pace in decades late last year as the Covid-19 pandemic continued to take its toll.
Sales and profits fell at joules in the half to the end of November, but its pre-tax profit was still higher than it had expected. And it had plenty of good news to share in its results announcement on Thursday.
More bad news for UK retail is on the cards as John Lewis Partnership is due to announce 1,500 job cuts to save costs this week.
At a time when high streets are struggling like no other, any help to link stores with consumers should be welcome. So MyStreet is a “first-of-its-kind” app that claims to do precisely that.
Gucci is deepening its dive into sustainability and on Wednesday unveiled a new evolution of its strategy that takes it “beyond carbon neutrality towards a nature-positive approach”.
Poundland and Dealz owner Pepco had a good Christmas quarter compared to many in the UK and European retail sectors. But same-store sales still fell 2.1% due to pandemic-linked store closures. Reported revenue rose 9.1%.
Health & beauty retail giant Walgreens Boots Alliance has named Rosalind (Roz) Brewer as its new CEO, effective March 15. She’ll join the board too as she succeeds CEO Stefano Pessina, who’s becoming executive chairman.
A new study of search trends by The Body Shop shows that consumers are seeking the perfect defined brow, as well as strong colour for eye make-up and hair, but also a more natural look this year.
