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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
SMCP's Daniel Lalonde to lead Design Holding

SMCP's Daniel Lalonde to lead Design Holding

​Following news on Monday that Daniel Lalonde is moving on from his role as CEO of SMCP, Design Holding has announced his appointment as its new chief executive with effect from October.
Luxury
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
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
Hermès bounces back as H1 beats both 2020 and 2019

Hermès bounces back as H1 beats both 2020 and 2019

​Hermès became the latest luxury group to announce a rebound on Friday as the upscale leather goods and fashion maker saw its sales soaring during Q2 and the first half as a whole.
Luxury
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
Very Group moves all fashion returns to tech-heavy hub

Very Group moves all fashion returns to tech-heavy hub

After news this week of Marks & Spencer and JD Sports Fashion improving their digital and logistics focus, Very Group is also highlighting its own credentials.
Fashion
Westfield owner URW is cautiously optimistic as Europe bounces back

Westfield owner URW is cautiously optimistic as Europe bounces back

Unibail Rodamco Westfield has reported H1 results and continued to see “significant Covid-19-related disruption” in the first six months. But it also highlighted its ongoing “resilience in tough operating conditions”.
Fashion
UK clothing, footwear store growth still lags in July - CBI survey

UK clothing, footwear store growth still lags in July - CBI survey

​UK retail sales continued to grow at a rate well above the long-run average in the year to July, but clothing and footwear stores are yet to see demand recover to usual levels, the CBI’s latest survey has showed.
Fashion
Morrisons' biggest shareholder isn't supporting takeover bid

Morrisons' biggest shareholder isn't supporting takeover bid

​The private equity takeover of UK supermarkets giant Morrisons might not be all smooth sailing with news that its biggest shareholder doesn't intend to support the deal.
Fashion