Inside Retail
NOVEMBER 10, 2024
Endeavour Group ‘s retail sales remained flat in the fiscal first quarter as customers shopped more selectively. The company’s retail sales totalled $2.54 billion, with BWS and Dan Murphy’s comparable store sales declining 1.1 per cent year over year. Online sales increased 6.3 per cent and accounted for 9.3 per cent of total retail sales.
Retail Gazette
NOVEMBER 10, 2024
Tesco’s national insurance bill is expected to rise an extra £1bn over the next four years following the chancellor’s decision to increase employer contributions. The supermarket giant, which employs 300,000 people, is estimated to be facing a £250m hike in its yearly tax bill when the changes come into effect in April, according to analysis by Morgan Stanley that was reported in The Times.
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Inside Retail
NOVEMBER 10, 2024
Born in Sydney, designed in Auckland and made in New Zealand, luxury home fragrance brand Ecoya has arrived at Martin Place, the heart of the new Metro retail precinct in Sydney. After closing its first direct-to-consumer (DTC) store in Australia in the Sydney suburb of Woollahra, the brand initially planned to open a boutique in Bondi Beach. However, when the opportunity presented, it made sense to pivot to Martin Place.
Retail Wire
NOVEMBER 10, 2024
KFC has had a longtime rival in the Canadian-owned brand.
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Inside Retail
NOVEMBER 10, 2024
LVMH has acquired an undisclosed minority stake in Swedish fashion brand Our Legacy, The Business of Fashion reported. The transaction comes following Our Legacy posting sales of €40 million (US$42.9 million) in the year ended June 30. Our Legacy will use the proceeds of the transaction to strengthen operations and open flagship stores in key cities such as Paris, New York, Los Angeles, Tokyo, Shanghai, and Hong Kong.
Retail Wire
NOVEMBER 10, 2024
Applebee's and IHOP have teamed up for a one-of-a-kind restaurant experience.
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Retail Gazette
NOVEMBER 10, 2024
The Entertainer has pulled its plans to open new stores following the government’s decision to raise National Insurance contributions for employers. The toy specialist revealed it had frozen hiring at its head office and said it could no longer open two shops it had planned after announcements made in last week’s Budget. Chief executive Andrew Murphy told BBC Radio 4’s Today programme that two of the retailer’s proposed new openings had failed their viability assessments.
Inside Retail
NOVEMBER 10, 2024
Commodity Fragrances is the embodiment of a comeback kid. The perfume and fragrance goods brand , known for its unique range of products inspired by non-traditional scents like paper, moss and milk, entered the retail scene in 2013 after a successful Kickstarter campaign. After experiencing a shaky series of starts and stops, the brand closed down in 2018 and experienced a total re-birth after being acquired by Europerfumes in 2019.
Retail Gazette
NOVEMBER 10, 2024
Inter Ikea, the owner of the Swedish furniture brand, has reported a rise in profit for 2024 despite a drop in sales following its decision to cut prices across a range of products. Operating profit for the group, which supplies the stores to which it franchises, edged up 4% from £1.8bn (€2.2bn) to £1.9bn (€2.3bn) in the year to 31 August., Reuters reported.
Inside Retail
NOVEMBER 10, 2024
After expanding in North America, high-end beauty brand Kypris is now turning its attention to the Asian market, starting with its debut in Japan. “Japan’s deep cultural appreciation for beauty, ritual, and craftsmanship closely aligns with Kypris’ ethos,” Chase Polan , founder and CEO of Kypris, told Inside Retail. “The Japanese consumer is highly discerning, valuing products that offer not only efficacy but also an experience.
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Retail Gazette
NOVEMBER 10, 2024
M&S will learn the outcome of its planning proposals to transform its Marble Arch flagship at the start of next month. Deputy Prime Minister and housing secretary Angela Rayner is due to block or approve the plans for the store before or on 5 December, This is Money reported. It comes as M&S boss Stuart Machin is looking to open ten more stores as the retailer’s turnaround continues.
Cross Cap
NOVEMBER 10, 2024
A discussion of in-store signage issues retailers could encounter from both the store and corporate perspective during Black Friday.
Retail Gazette
NOVEMBER 10, 2024
Boohoo Group is set to rile up its largest shareholder Frasers Group once more as new chief executive Dan Finley is to meet with investors, not including the Sports Direct owner, this week. Finley is understood to be meeting some of the company’s biggest shareholders over the coming days, The Times reported. However, the meeting is not scheduled to include anyone from Frasers Group, who owns a 27% stake in the fashion giant.
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