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Mike Ashley set to step down from CEO role at Frasers - report

Mike Ashley set to step down from CEO role at Frasers - report

Mike Ashley, the Sports Direct entrepreneur, is preparing to step back from his high-profile role as CEO of his growing retail empire. He’ll hand control to his future son-in-law Michael Murray, the Telegraph reported.
Fashion
The Hut Group to buy Cult Beauty, will retain its "clear identity"

The Hut Group to buy Cult Beauty, will retain its "clear identity"

Fast-expanding British e-commerce giant The Hut Group said Wednesday that it’s to buy UK-based beauty e-tailer Cult Beauty for £275 million ($382.91 million).
Beauty
Joules sales and profits rise in latest year as e-tail booms

Joules sales and profits rise in latest year as e-tail booms

​Joules reported its annual results on Tuesday and talked of a “strong performance underpinned by continued digital growth, the strength of the Joules brand, and increasing diversification of revenue streams”.
Fashion
Amazon warehouse workers overwhelmingly rejected a union. Now they may vote again

Amazon warehouse workers overwhelmingly rejected a union. Now they may vote again

A U.S. labor board official has recommended a rerun of a landmark Amazon union election in Alabama where employees had voted against making their warehouse the online retailer’s first to organize in the United States.
Fashion
Indian beauty startup Nykaa to raise $500m through IPO - source

Indian beauty startup Nykaa to raise $500m through IPO - source

Indian e-commerce beauty company Nykaa plans to raise $500 million through its initial public offering (IPO), a source with direct knowledge of the matter told Reuters.
Beauty
Facebook's Kustomer deal may hurt competition, EU regulators say

Facebook's Kustomer deal may hurt competition, EU regulators say

Facebook's acquisition of U.S. customer service startup Kustomer may hurt competition and boost its market power in online ads, EU antitrust regulators warned Monday as they opened a major investigation into the deal.
Fashion
German retail sales jump for second month in a row

German retail sales jump for second month in a row

German retail sales increased much more than expected in June following an easing of Covid-19 restrictions, supporting a consumer-driven recovery in Europe's largest economy.
Fashion
Square to buy Afterpay for $29bn as buy now, pay later booms

Square to buy Afterpay for $29bn as buy now, pay later booms

Square, the payments firm of Twitter co-founder Jack Dorsey, on Monday said it has agreed to purchase buy now, pay later (BNPL) pioneer Afterpay, offering a 30% premium in a giant share-swap deal
Fashion
Private equity firm CD&R prepares Morrisons counter-bid - report

Private equity firm CD&R prepares Morrisons counter-bid - report

Private equity firm Clayton, Dubilier & Rice (CD&R) is poised to start a bidding war for British supermarket chain Morrisons, the target of a £6.3 billion ($8.8 billion) offer from a group led by another U.S. firm.
Fashion
Retail decline: one in seven UK stores are vacant says new report

Retail decline: one in seven UK stores are vacant says new report

Just how tough UK retail’s pandemic mauling has been — especially for fashion — came into stark focus on July 30. More than one in seven stores are now vacant on UK high streets, retail parks and in shopping centres.
Fashion
Klarna launches support package for small businesses

Klarna launches support package for small businesses

Global payments and and shopping services provider Klarna has launched a £3 million Small Business Support Package to help British small- and medium-sized enterprises (SMEs) recover from the pandemic.
Fashion
Northern Ireland to pay people to shop in September

Northern Ireland to pay people to shop in September

The latest initiative to get shoppers spending sees adults in Northern Ireland being given shopping vouchers as part of a £145 million investment to attract people back to high streets.
Fashion
Pinterest beats quarterly revenue estimates as ad spending booms

Pinterest beats quarterly revenue estimates as ad spending booms

Pinterest Inc on Thursday reported second-quarter revenue above Wall Street estimates, as ad spending by online retailers picked up with the economy bouncing back from pandemic lows.
Beauty
L'Oreal boosted by sales of make-up and perfumes as lockdowns ease

L'Oreal boosted by sales of make-up and perfumes as lockdowns ease

Maybelline owner L'Oreal on Thursday said sales growth had accelerated in the second quarter partly due to resurging make-up sales in the United States as Covid-19 lockdowns ease.
Beauty
Consumers seek eco transparency from brands, less greenwashing

Consumers seek eco transparency from brands, less greenwashing

​Consumers want more transparency from brands around eco practices with nearly a third of them thinking not enough is being done, while almost a quarter think there’s too much ‘greenwashing’ simply to improve sales.
Fashion
Mailbox posts "strong" retail rent collections

Mailbox posts "strong" retail rent collections

Yet more positive news on UK retail rent collections. This time it comes from Midlands-based Mailbox REIT, which recorded a “strong” 92% collection rate for the 24 June-28 September period.
Fashion