Sweaty Betty, the upmarket British sportswear brand, has been snapped up by a US-based company for around £300 million.
The brand, which is known for its figure-hugging leggings, confirmed on Tuesday that it has struck a deal to be acquired by footwear and lifestyle group Wolverine Worldwide.
Sweaty Betty was founded in Notting Hill in 1998 by Tamara Hill-Norton and her...
Sports Direct founder Mike Ashley is set to step down from leading his retail empire and hand the reins to his prospective son-in-law, according to reports.
The tycoon is expected to reveal plans to step back from his role as chief executive of Frasers Group to become deputy chairman on Thursday, the Telegraph has reported.
It said he will be replaced...
Ecommerce firm The Hut Group (THG) has sealed a £275 million deal to buy online-only beauty retailer Cult Beauty.
It said the acquisition will boost THG’s sales for the next full year by £140 million, with an earnings increase of around £10 million.
Cult Beauty was launched in London in 2008 by co-founders Jessica DeLuca and Alexia Inge and has built...
Claire Webb from Advanced Supply Chain Group looks at why playing a waiting game won’t help retailers beat soaring shipping costs.
Many retailers are looking to protect margins against rapidly rising shipping costs. A favoured way for trying to achieve this is to delay the placement of orders, with the assumption transportation prices will soon peak and rates will start...
Over the course of 2021, the way we shop has changed forever. Although many new shopping trends are a direct result of COVID-19 and brands adapting to life in lockdown, countless changes in the fashion industry were already underway. An overwhelming switch to e-commerce, for example, has only been accelerated by the pandemic. Today, over 25 per cent of...
Travis Perkins hiked its profit forecast on Tuesday despite a major rise in costs in the past three months.
The business said that it believes adjusted operating profit will reach at least £310 million, an update of £10 million from previous guidance.
Yet shareholders were less than impressed. Most of the gain came from better than expected profits from Travis Perkins’...
Fashion chain Joules has returned to annual profit as it rode out the lockdown disruption thanks to surging online sales.
The Leicestershire-based group – famous for its posh wellies – saw online sales race 48% ahead to £122 million in the year to May 30 and now account for more than three-quarters (77%) of all retail revenues.
This helped offset a...
New Look has said that larger shopping sprees have offset lower footfall as the fashion retailer seeks to recover from a difficult year amid the pandemic.
The high street brand revealed that total revenues have more than doubled for the first quarter of the current year.
However, it came as the company also announced that sales plunged by 40% to £542.2...
UK shoppers are increasingly demanding more digital information at the shelf edge to improve in-store shopping experiences and help inform their buying decisions, the latest research from Pricer, the world’s most reliable provider of ESLs (Electronic Shelf Labels), reveals.
Original research of over 2,000 UK shoppers in Pricer’s latest ‘Pricer UK Consumer Insight Report 2021’ showed that two thirds (65%)...
Greggs has said it plans to open around 100 new stores by the end of the year after a rebound in sales helped return the chain to profit.
The high street bakery business said it has an opportunity to grow to 3,000 stores as it struck an ambitious tone after withstanding the impact of the pandemic.
It told investors that the...