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Retail Update - August 2015
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Posted At: 21 August 2015 00:31 AM
Related Categories: Administrations, Retail |
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There have been no recorded administrations on SnapShop since our last update. Many retailers are in fact embarking on expansion plans, both in the UK and abroad, to take advantage of an upturn in the economy, improving consumer sentiment and town and shopping centre redevelopments. read more...
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Retailer Spotlight- Pretty Green
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Posted At: 28 July 2015 00:54 AM
Related Categories: Retailers |
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Pretty Green, the men’s fashion brand and high-street chain founded by Oasis frontman Liam Gallagher, has announced a profit for the first time since launching six years ago. With stores in the UK and Japan, sales reached £15.1 million, up 38%, generating pre-tax profits of £43,000 in 2014, compared with a £2 million loss a year earlier. It is anticipated these results will make a strong case to support the company’s recently announced fundraising drive as it looks to continue its expansion both in the UK and internationally. read more...
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Retail Update - July 2015
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Posted At: 23 July 2015 16:49 PM
Related Categories: Administrations, Retail, Retailers |
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There have been no administrations recorded on SnapShop since our last update. In fact, much of the news reported recently has been very positive and concerns retailers across the spectrum announcing ambitious expansion programmes throughout the UK and abroad, and retailers making their debut in the country, such as Australian stationer Kikki.K looking to take on the likes of Paperchase. read more...
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Sunday Trading hours- let the locals decide
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Posted At: 13 July 2015 00:55 AM
Related Categories: Retail |
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On the 8th July Chancellor George Osborne announced the relaxation of Sunday trading hours. He proclaimed a new legislation that will enable local councils and their mayors to decide and set the trading hours in their respective areas, which will end the national ban on large stores staying open for more than six hours. read more...
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Click and Collect evolves again
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Posted At: 10 July 2015 10:47 AM
Related Categories: Retail, Retailers |
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The constant need to match customers buying habits and needs together with technological advances has led most retailers to look at how customers order and in recent years to offer click and collect as an option. Together with the more traditional channels such as online and in store. Most retailers have embraced this omnichannel approach, others have been slower on the uptake. read more...
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Retailer Spotlight: John Lewis Partnership
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Posted At: 07 July 2015 10:34 AM
Related Categories: Retail |
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It was announced last month that the John Lewis Partnership (JLP) has now taken the top spot of the UK’s best performing mutual, previously held by the Co-op Group. Employee-owned John Lewis is now the biggest member-run organisation, after The Co-operative Group fell down the rankings. read more...
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Waitrose: Pushing back on traditional discounting
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Posted At: 23 June 2015 00:00 AM
Related Categories: Retailers |
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It seems that Waitrose is hitting back at discount rivals such as Aldi and Lidl by announcing a price cutting initiative for its loyal customers. The scheme allows customers to choose where their discount goes each time they shop. Waitrose is offering this initiative for a limited time over the summer months and will offer a selection of almost 1,000 products for its customers to choose from. Will they continue the scheme after the summer? read more...
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Retail Update - June 2015
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Posted At: 18 June 2015 16:19 PM
Related Categories: Administrations, Retail |
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There has been one administration since our last update – Sphere and Turret. After struggling with financial difficulties it was announced in May that all 16 stores across central Scotland had closed. No further news on this has been reported. read more...
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Retailer Spotlight: Wagamama
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Posted At: 15 June 2015 00:58 AM
Related Categories: Retailers |
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Over the past few years, the changing habits of the UK population have evolved with the demand for more exotic flavours increasing constantly. Typifying this trend is Wagamama, the Japanese-style noodle eaterie chain, founded in 1992 by Alan Yau. With over 150 restaurants on the UK high streets, in shopping centres and in outlet centres, Wagamama offers a complete pan-Asian food experience defined by speed and value. read more...
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M&S – Has It Turned the Corner?
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Posted At: 28 May 2015 14:45 PM
Related Categories: Retailers |
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Recent media reports have shown that Marks and Spencer has finally seen a return to profit with underlying profit before tax rising by 6.1% to £661.2 million while group sales edged up 0.4% to £10.3 billion. read more...
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