Philip Day appoints FRP to value Peacocks and Edinburgh Woollen Mill
Edinburgh Woollen Mill Group CEO Philip Day has begun the process of potentially selling UK fashion chains Peacocks and Edinburgh…
21 Sep 2020
Major retailers, airports urge UK Chancellor to rethink VAT RES abolish plan
Several major retailers and airports have urged the UK Chancellor to rethink the government’s VAT Retail Export Scheme (VAT RES) abolish plan. On 31 December, tax-free shopping will end making…
21 Sep 2020
Walmart announces potential investment and agreements with TikTok Global
US retailer Walmart has announced about its potential investment and commercial agreements with a new company called TikTok Global. TikTok is creating a new company that will be responsible for…
21 Sep 2020
87% brands to up investment in e-commerce for festive period, says survey
A new survey by brand performance agency Threepipe Reply has revealed that 87% of brands are increasing their investment in e-commerce for the festive period. The agency conducted the survey…
18 Sep 2020
IKEA reveals plan to develop new global hub in India
Swedish furniture retailer IKEA is boosting its operations in India with plans to develop a new global hub in the country. The new global operations centre will be in the…
18 Sep 2020
Herman Miller to expand retail presence with first concept stores reveal
Global designer and furniture company Herman Miller has revealed plans to enhance its retail presence with new concept stores. The first new retail destinations will be entirely dedicated to home…
17 Sep 2020
John Lewis staff will not receive a bonus after £625m pre-tax loss
UK department store chain John Lewis & Partners saw a £635m pre-tax loss for the six months to 25 July, a sharp decrease from the retailer’s £192m profit the year…