How good were Inspecs results for the half-year to 30 June? Sales jumped to $125.7 million from just $16.7 million, core earnings rose to $17.7 million from $0.7 million and pre-tax loss was cut to $2.6m from $8.3m.
Newbie owner KappAhl, the Swedish fashion retailer, is spending big on its digital retail platform. SEK200 million (£16.7 million) to be precise, as part of the retailer’s “comprehensive digital transformation”.
Concerns over EU customs and border delays have led to a dramatic slump in UK online shoppers buying from international websites, a new survey says. Just under a third (31%) of UK consumers shopped overseas in 2021.
It looks like the battle to take over Morrisons will go to auction with the supermarket giant saying Wednesday it’s in talks with both the US private equity suitors that have tabled bids, along with the Takeover Panel.
Footwear retailer Schuh has launched a nationwide sneaker hunt in the UK. To celebrate its 40th year, it’s offering players the chance to win 40,000+ prizes, from holidays to surf lessons and free trainers for a year.
The Spanish fashion marketplace led by Rafa Blanc and Blanca Miró has completed its second funding round, as it seeks to automate its operations and increase the number of designers in its catalogue from 120 to 1,000.