Shop Direct continued to make strides as the UK’s second largest online retailer in the third quarter, however regulatory costs linked to PPI claims has pushed the parent company of Very.co.uk into the red.
Prince Harry and Meghan Markle’s wedding was expected to send retail spending soaring by £195 million, but, independent fashion and apparel stores suffered a 24% decline in sales on Saturday, according to new research.
In another blow to the UK high street, Marks & Spencer has proposed more closures as part of its transformation strategy. Bayswater, Darlington, East Kilbride, Falkirk and Kettering will be amongst the towns affected.
Safilo has tapped eyewear veteran Stephen Wright as the new chief commercial officer for North America. Wright comes to his new role after serving in a series of leadership roles of increasing responsibility with VSP.
As participant, Primark will embrace the three key principles of the initiative: business models that keep clothes in use; materials that are renewable and safe; and solutions that turn used clothes into new clothes.