In more than a nod to the strong performance the UK’s major shopping centre sector is enjoying, Hammerson is to acquire the remaining 50% of Birmingham’s Bullring and Grand Central for £319 million cash. Bullring CEO Rita-Rose Gagné said of the purchase: “This is an exciting milestone for Hammerson. Our investment alongside key trusted brand partners…
JD Sports has had plenty of store and product news in recent days with the company planning or opening more megastores both in the UK and abroad and saying that searches for Oasis-linked products have gone through the roof. The new Melbourne store – JD Sports First, its UK store development. After opening several giant-sized…
In only its second edition as a midweek show, Source Fashion said it saw “unprecedented opening day attendance” on Tuesday. The record-breaking start at London’s Olympia included a number of big names and prominent independent businesses such as John Lewis, M&S, All Saints, Next, Temperley London, River Island, Joules, Lucy & Yak, Bad Monday, Jaded…
Superdrug has filed its accounts for 2024 and they showed the company continuing to make the most of a buoyant beauty market and key sales growth initiatives. Superdrug The health & beauty retailer said revenue increased to £1.634 billion from £1.528 billion with gross profit up to £236.4 million from £201.2 million. Operating profit jumped…
By Reuters Published June 19, 2025 China’s biggest mid-year shopping festival, 618, ended on Wednesday evening without much fanfare after more than a month of promotional events designed to encourage consumers to spend more of their hard-earned money. China Daily Originally a one-day celebration marking the founding of e-commerce giant JD.com on June 18, the…
We hear a lot about the impact of Mother’s day but less about Father’s Day, perhaps understandable given that the latter is a smaller spend event. But two releases this week show that it remains key for early summer gifting. Photo: Pexels And UK and global e-commerce order volumes increased in the lead-up to Father’s…
It’s been a very busy “transformational” year on several fronts for Matalan as the fashion/lifestyle retailer battles to delivery a wide-ranging turnaround plan. First there’s the drive to improve underlying profitability set against a “challenging economic backdrop”, and then there’s the wider plan to deliver “better style, quality and value product offering” while increasing its…
Under pressure Debenhams Group is delaying issuing refunds for up to a month a report has claimed. But the business also had good news this week with a sales and search surge for high-summer products. Karen Millen The company, which used to be known as Boohoo Group and owns brands such as Boohoo, Debenhams, Pretty…
Adena Brands, the owner of Monsoon and Accessorize, has filed its accounts for the year to the end of August and revealed a loss for the period as consumer demand weakened and it faced major wage inflation. Monsoon The company said that sales fell 11% and it made a pre-exceptional EBITDA loss of £2.4 million…
New CEO, new priorities: the Otto Group is earning money again. In the 2024/25 financial year (reporting date: February 28), all earnings levels were back in the black with stable sales after two lean years. According to new CEO Petra Scharner-Wolff , the turnaround has been achieved. New Chairwoman Petra Scharner-Wolff – OTTO GROUP Earnings…