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People Moves
Kering appoints Armelle Poulou as CFO
Kering has announced the appointment of Armelle Poulou as its new chief financial officer, effective September 1, 2023. Poulou joined…
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High Street
UK loses 6,000 storefronts in five years
The UK high street has lost over 6,000 storefronts in the past five years as the vacancy rate increased to…
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Government
Government delays packaging tax by a year
The Government has revealed that new rules to ensure packaging producers pay for the cost of recycling their packaging will…
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Clothing & Shoes
Matalan expects profits to improve despite drop in revenues
Matalan has revealed it expects its FY24 EBITDA of £60m-£65m, up from £30.6m in FY23, despite seeing its revenues fall…
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Economy
Hot weather boosts June retail sales
June retail sales beat forecasts in June, rising 0.7% compared with predictions of 0.2%, as hot weather helped encourage shoppers.…
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Clothing & Shoes
Kim Kardashian’s Skims valued at $4bn in latest funding round
Kim Kardashian’s Skims brand has reportedly raised $270m in its latest funding round which values the business at $4bn (£3bn),…
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Supermarkets
Supermarkets see largest drop in grocery price inflation since its peak
Grocery price inflation has seen its steepest decline since inflation peaked in March this year, falling 1.6 percentage points to…
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Clothing & Shoes
Hotter Shoes owner confirms intention to appoint administrators
Hotter Shoes owner, the Unbound Group, has confirmed its intention to appoint administrators to its main subsidiary after it was…
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Clothing & Shoes
Sustainable retail concept All Good Things secures £2.5m investment
All Good Things, the independent retailer that exclusively sells pre-loved, fragmented or repaired clothing, has secured a £2.5m equity investment.…
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