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Sports Direct has announced that it owns a 19.3 per cent stake in Finish Line, the American retailer owned by rival firm JD Sports. The sportswear firm said in a statement that it now owns 8 million shares in Finish Line, in a characteristically strategic investment for its boss Mike Ashley. JD...

Missguided has hired Robin Gartshore to be its new chief trading officer. According to Drapers, Gartshore will join the clicks-to-bricks fashion retailer on May 8 and will directly to online chief executive Gareth Jones. Gartshore’s remit will includes looking after Missguided’s merchandising and trading teams across online, wholesale, retail and franchise. His career consists...

Topshop has named Johanna Lightfoot as its new head of merchandising. Lightfoot will be making the move to the high street fashion retailer after a stint as Ralph Lauren’s director of planning, a role she had since 2017. Prior to her time at Ralph Lauren she worked for seven years at Burberry,...

Ebay has appointed its former head of pricing and promotions Nikin Patel as its new director of consumer-to-consumer selling. The online giant is continuing its push to simplify the user experience and make it easier for users to sell to each other, a task which Patel will now be responsible for. This...

Ownthelook.com has already exceeded its £175,000 crowdfunding target despite having nearly two weeks left to the deadline. The young ecommerce retailer, which launched in March last year, has said it will spend its entire funding budget on marketing, as it seeks to compete with pure play online rivals like Missguided and...

Sainsbury’s has announced that it has agreed terms with Walmart for its proposed merger with the Asda supermarket chain. In a statement, Sainsbury’s said the combined business would create a “dynamic new player” in the grocery sector and would mean that both supermarkets would be better able to invest in price,...

Some of the UK’s largest supermarkets have signed up to the UK Plastics Pact, a new voluntary initiative to slash plastic waste. Sainsbury’s, Morrisons, Aldi, Lidl, Waitrose and Tesco have all signed up to the new industry-wide initiative that aims to make all plastic packaging recyclable, recycled or biodegradable by 2025. Despite...

New research released by Nielsen this morning found online’s share of the UK grocery market increased by just one per cent in 2017. While online grocery sales in Britain rose by 4.6 per cent in 2017 to £6.6 billion (a third faster than in-store sales, which were up 3.4 per cent),...

Shares in Amazon rose in after-hours trading after it reported an all-star 43 per cent rise in first quarter sales to USD 51 billion (£36.65 billion). Amazon shares rose by as much as seven per cent and to a record high after the online retailing giant said profits for the period...

The Co-op has launched a new mobile website to enable food store staff to manage their shifts digitally. Following a successful trial involving hundreds of colleagues, the ‘Shifts’ technology has been rolled out across the organisation to allow all staff in-store to view which days they are working and how many...