The owner of the discount chains Pepco, Poundland and Dealz, Pepco Group, plans to create about 13,000 net new jobs across Europe over the next three years as it aggressively opens new stores, its boss told Reuters.
The British Fashion Council has released the names of nine finalists for the recently-launched BFC Changemakers Prize. Three winners, to be chosen in September, will receive a £7,500 cash prize and mentoring package.
Finnish retail giant Stockmann's Q2 and half-year results showed a dramatic improvement all round. Revenue rose over 20% in the last three months, while the gross margin and adjusted operating profits jumped too.
Concerns have emerged that Morrisons may face heavy costs after it's been taken over by private equity. The lead bidder will conduct a review of the property portfolio, raising the spectre of sale/leaseback deals.
In a surprise move, Ted Baker said on Friday that it’s moving to a new London HQ. It will resettle in Fitzrovia, with the new home costing much less than the existing head office it has operated from for 20+ years.
High-end online fashion and beauty retailer Immaculate Vegan has secured £400,000 in funding on the back of impressive revenue gains. The new capital will help it drive future growth in its key target markets.
In what looks to be a strong fit, retail giant JD Sports Fashion has made a multi-million-pound investment in UK performance wear/althleisure retailer Gym King, taking a “significant” minority stake in the firm.
The Browns kidswear entry announced back in May has finally touched down, the retailer "catering to the cool kids, with the best in fashion alongside some exclusive capsules from brands entirely new to the category".
Already a big draw for sports/youth brands, London’s Carnaby neighbourhood has scored another couple of major wins for landlord Shaftesbury with debut UK stores for The National Basketball Association and Hype.