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”.