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London based online luxury fashion retailer Farfetch is poised to make an initial public offering (IPO) as it hires US banks to lead the process. According to the Financial Times, Farfetch has hired bankers from JPMorgan and Goldman Sachs to take the company public. Its estimated market value stands at £4 billion, close to...

Bed retailer Eve Sleep has reported revenue growth of 132% in the year to 31 December 2017. The company, which listed on AIM in May 2017, said sales in the UK and Ireland rose by 109% and by 174% in its international business. However, Eve Sleep posted a statutory pre-tax loss of...

Selfridges is to recycle disposable coffee cups generated at its Oxford Street store and headquarters. They will use the resulting paper to create its iconic yellow shopping bags. The used cups from the retailer’s food hall and offices will be ‘tipped, flipped and stacked’ to ensure that any remaining liquid is...

New Look has announced plans to close 60 of its 593 UK stores as part of a rescue deal for the struggling fashion retailer. The company is instigating a Company Voluntary Arrangement and seeking approval from creditors on a plan to improve the operational performance of the company. Alistair McGeorge, executive chairman...

Luxury department store retailer Harvey Nichols has hired Deborah Bee to be its new group marketing and creative director. Bee, who joined the luxury retailer on March 5, will be responsible for its communications strategy and customer acquisition and retention. Her remit will also include driving sales, the visual identity of the...

The Co-op has unveiled a new mobile phone app that allows shoppers to pay for purchases in the aisle and avoid visiting a till all together. The shop, scan and go initiative is being trialled at the Co-op’s store located at the retailer’s support centre in Manchester, with a wider rollout...

Amazon is reportedly in talks with American banking giant JPMorgan Chase to discuss a partnership which could see the retailer offer bank accounts to customers. According to the Financial Times, Amazon is considering launching a checking account-like product amid its latest push to disrupt industries dominated by traditional institutions. Both companies declined to comment...

Yoox Net-A-Porter has reported that its full year adjusted EBITDA rose to €169.2 million last year from €155.7 million in 2016. Full-year net revenue increased by 16.9% to €2.1 billion after the company achieved growth across all three of its main business lines.  Net income was €17.3 million compared to €33.9 million...

Department store giant John Lewis has been named the best retailer to work for in the UK. According to a list released today by jobs site Indeed, British retailers accounted for 11 of the 15 best retail employers in the country. Cosmetics retailer Lush was second, Swedish furniture giant Ikea came third, Marks...

New figures have revealed that UK retail sales edged up 0.6% year-on-year on a like-for-like basis last month as consumers spent more of their income on essential items. The British Retail Consortium and KPMG Retail Sales Index also shows that total sales rose by 1.6% in the month. Over the three months...