Another major UK retailer is upping its supply chain credentials. JD Sport Fashion will open a 514,000 sq ft warehouse complex on the outskirts of Derby towards the end of the year, employing up to 500 people.
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.
One of the key malls in the former Intu portfolio -- Birmingham’s Merry Hill — is to see big investment from new operator Ellandi to make it a more compelling destination and one that's future-proofed.
Buy-now-pay-later lender Klarna has acquired fledgling social shopping platform Hero for around £115 million, according to people familiar with the deal. It will be added to Klarna’s platform of 250,000 retail partners.
Pulse Rewards is a new loyalty programme for good payers launched by Clearpay. The financier claims its “unique programme encourages responsible spending, by offering benefits to customers who make on-time payments”.
A new billion-pound shopping centre has been hit by flash flooding only days after it officially opened. The St James Quarter in Edinburgh was damaged at the weekend after Scotland’s capital suffered very heavy rain.