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Discount retailer Poundland has posted an above expected revenue of £798m to the South-African based Steinhoff group. The group, which acquired the retailer last September, saw an overall rise in operating profits in the six months to March 31st, with revenue also rising by 48% up to £8.8bn. Steinhoff announced...

Fashion brand Kurt Geiger are to announce the introduction of a mobile-enabled system in partnership with technology solution company Aptos. This will include the use of iPad® Minis and iPad® Touches in-store for staff to exercise a more dynamic and attentive in-store customer experience. Linking with the pre-existing Kurt Geiger...

Online fashion retailer Boohoo posted impressive sales figures in the three months to May 31st. Total sales rose by 48% up to £86.4m, with US sales in particular growing by 97% and rest of world sales up by 50%. Chief executives of the company, Mahmud Kamani and Carol Kane noted...

In light of the fall in value of the pound, Shoe Zone has seen half-year profits decrease by 84%. Much of this was attributed to the rise in buying costs due to said weakened value, with the company being one of many affected by the sharp increase in import costs....

Fashion sales for the department store increased by 12.5%, bolstered by strong sales of their summer range which was up by 40%. Sales of women’s shoes also contributed to the overall increased sales, rising by 31.5% to make the total sales for the store rise by 2%. Despite the increase...

The impacts of the fall in the value of the pound brought about by Brexit has forced many British households to cut back on spending, as the price of goods continues to rise. Paul Martin, UK head of retail at the BRC noted that, “The impact of inflationary pressures on...

Womenswear retailer Missguided is set to open its first store outside of London, with a 16,200 sq ft site in the lower Rose Gallery of Kent’s Bluewater shopping centre. Speaking on the new addition, co-owner and asset manager of Bluewater Russell Loveland stated, “Missguided’s fast-paced approach to retail and engaging...

In the three months to May, consumer spending on non-food retail dropped by 0.3% on a like-for-like basis, whilst growing 0.1% in total. Online sales of non-food products saw a slowing of the significant growth it had previously experienced, down to 4.3% compared to a rise of 13.7% a year...

In the 2017 BrandZ top 100 most valuable global brands ranking, Amazon grew 41% to retain its place at the top. Innovations such as its Amazon Echo and Alexa helped the brand to also cement its place as the fastest growing performer in the rankings. The increased attention to improving...

Supermodel Heidi Klum has announced a partnership with German discount retailer Lidl. The range aims to provide high quality clothing at affordable prices for the consumers, marking Lidl’s first venture into the clothing market. As rising inflation causes drops in consumer spending on non-food retail items, the new range may...