Articles by Rachel Douglass
In Pictures: Zara opens upsized Liverpool One store
loading... - Retail | In pictures
Inditex-owned Zara has unveiled an upsized flagship store in Liverpool One. The 42,000 square foot space is a 55 percent increase of its former capacity, and will now house a larger selection of menswear, womenswear and childrenswear across its two floors. In a release, Liverpool One said the flagship places the “customer experience at the...
Unwrapping in 2025 - Leadership overhauls beckon fresh beginnings: The turnaround strategies of new CEOs
loading... - People
2024 seemed to take shape as a period of transition for many of the industry’s biggest players as they looked to swiftly, yet effectively, turn around lacklustre financials and return to growth, profitability or both. To lead such strategies, many took to overhauling their leadership teams, naming new CEOs in the process who have come in guns...
Revolution Beauty comes to settlement agreement with former investor
loading... - Business
Revolution Beauty has announced entry into a confidential settlement with Chrysalis Investments Limited after it was met with a legal challenge from the former investor at the beginning of 2024. In January last year, Chrysalis said it had potential claims against Revolution due to “causes of action of deceit, negligent misstatement and/or...
End. swings to loss in 2024 as it undergoes restructuring
loading... - Business
The holding company of End., Ashworth & Parker, has posted the results of the British streetwear retailer’s financial year ended 31 March 2024. During this time, the company said that the retail landscape had “remained challenging as macroeconomic pressures persisted both in the UK and abroad”. It could be this that caused the company to slip...
Aspinal of London FY24 sales rise during profitable year
loading... - Business
Luxury leathergoods brand Aspinal of London reported a slight uptick in sales for the year ended 31 March 2024, as it continued to operate what is said was a “successful profitable, cash generative business model”. Sales across the business rose 9 percent to 38.6 million pounds, up from the year prior’s 35.4 million pounds. Gross profit also...
Hush swings to loss as FY24 turnover dips following relaunch
loading... - Business
Women’s lifestyle brand Hush Homewear reported a dip in turnover for the year ended 30 March 2024, during which time it also swung to a loss. The company, which relaunched in late 2023 upon the return of its founder Mandy Watkins, posted a turnover of 52 million pounds for FY24, down from 62 million pounds in the year prior. Hush further fell...
Barbour posts yearly profit increase despite revenue dip
loading... - Business
Outerwear specialist Barbour has posted its accounts for the year to 30 April 2024, during which time the company welcomed a 5.4 million pound increase in gross profit. This came despite a notable 21.3 million pound decline in revenue, which significantly contrasts a 56.5 million pound increase in the year prior. Turnover for the period also...
UK: Nearly 13,500 retail stores closed in 2024, independents hit hardest
loading... - Retail
New figures have shown that 13,479 retail stores across the UK closed for good over the course of 2024, an increase of 28 percent on levels from the year prior, according to provisional data from the Centre for Retail Research. This reflected a rate of around 37 store closures a day. Almost half of the yearly figure–7,537 in total–shuttered...
UK: December footfall rises sharply as challenging new year looms
loading... - Retail
Footfall across the UK rose in December despite figures painting a picture of shifting consumer behaviour in the wake of a challenging financial year. According to MRI Software, for the five week period ending 28 December 2024, footfall was up 7.1 percent compared to the month prior, and came marginally ahead of 2023 levels at an 0.4 percent...
THG shareholders agree to private Ingenuity spin off
loading... - Business
Beauty and technology conglomerate THG has announced that the majority of its shareholders–amounting to 88.71 percent–have agreed to the demerging of its Ingenuity subsidiary. Plans for such a move emerged in THG’s latest H1 report, published back in September, in which it revealed an intention to make THG Ingenuity, the commerce-focused...