It was a year unlike any other unlike any other – and retail was no different. Even the Golden Quarter – the peak sales period between Black Friday and the New Year, usually relied on for pulling even struggling retailers through another year – was transformed by the pandemic.
Early data is already beginning to highlight just how hard the...
Clothing companies are increasingly turning to smarter ways of operating and manufacturing in a bid to keep up with changing consumer habits, says GlobalData, a leading data and analytics company.
Michelle Russell, Apparel Correspondent for GlobalData, says: “Fashion brands and their supply chains have been shaken to their core this year, with the COVID-19 pandemic presenting an untold number of...
British premium low-alcohol spirits startup, CleanCo, has secured £7 million in funding as investors and consumers reveal an insatiable thirst for hangover-free drinking. The latest investment takes the total now raised by the business to £9.1million.
The UK producer innovating within the “nolo” (no- or low- alcohol) category received the cash injection from existing and new gold-stamped investors including Ursula...
Online fashion retailer Boohoo today reported surging sales during the recent Covid-19 pandemic. Sales which had been expected to increase by 29% actually came in at 40% as shoppers flocked online to get their lockdown fashion fix.
Boohoo has also increased its forecasts for 2021. The fast-fashion retailer said sales would jump 28-32%, it now predicts 36-38%.
The company has also...
The Joint Administrators of BM Retail Limited (t/a Bonmarche) have completed the sale of the businesses to Purepay Retail Limited, which is backed by an international investor consortium.
Damian Webb and Gordon Thomson, partners at the accountancy firm RSM were appointed Joint Administrators to the company on 30 November 2020.
Purepay, a secured creditor to the business, has acquired all the...
A group of independent business owners and representatives have come together to present the government with a 5-point plan to save the high street and help indy businesses survive the Covid-19 pandemic.
The group wants the government to use the £2.5 billion already returned by big names like Tesco, Marks and Spencer and Sainsbury’s to create an Independents’ Assistance Fund...
Both businesses and individuals alike will be welcoming the New Year with relief following the extent of uncertainty and disruption of the past months.
Of course, none of the challenges faced in 2020, including the coronavirus pandemic, extreme weather events, political uncertainty and an economic downturn was magically resolved as the clock struck twelve.
But what we have entered the New...
UK independent parcel carrier Yodel delivered a record number of parcels over the Peak period, up 37.4% on the previous record set in 2019 between 15th November 2020 and 2nd January 2021.
With consumers looking to end 2020 with some positivity, there was a surge in everyday premium items passing through Yodel’s network as families settled in for a Christmas at...
Debenhams has revealed that six of its stores will not reopen, the move will put 320 jobs at risk.
Stores in Harrogate, Portsmouth, Staines, Weymouth and Worcester will all shut for good, while it has failed to agree on a lease extension with the landlord of its Oxford Street store.
Geoff Rowley, joint administrator to Debenhams and Partner at FRP Advisory,...
Digital agency Organic today announces its appointment by Sainsbury's to handle the supermarket chain’s SEO.
Organic has worked with Sainsbury’s Argos since 2016. The agency's success in delivering dynamic SEO solutions for Argos has been recognised by the wider group, meaning Organic will now also be responsible for and working with Sainsbury's Supermarkets Ltd. to help bolster its SEO.
The agency...
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