The ‘Beast from the East’ as the recent snowstorm was dubbed in the UK may have dented sales at stores in February but it contributed to a 13.1% growth rate at webstores, according to the latest eRetail Sales Index.
Next has been facing tough times and its annual results on Friday illustrated that very clearly. It expects those tough times to continue but total sales for the current financial year are predicted to rise 1%.
The media group has announced that the former head of Elle Japan will join the company on May 7. Yves Bougon has been CEO of Hearst Fujingaho in Tokyo since 2011 and will take over at Condé Nast from Xavier Romatet.
According to a report released by Signifyd on Tuesday, total losses of online retailers due to e-commerce fraud rose 7% in 2017, with the beauty and jewelry industries suffering some of the largest increases.
John Lewis must be hoping for a big sales uplift in the current week as it opens it 50th department store today at Westfield London. But for last week, it saw a total company sales increase of only 2% to £206m.
Eos Products has launched its first cross-category collection. Eos Aqua is a six-piece skincare and lip care collection using ingredients and textural packaging influenced by water and marine botanicals.
Beauty products maker Coty Inc has launched an $8 billion (5.7 billion pounds)-equivalent debt refinancing, banking sources said, after paying billions to acquire brands that appeal to younger consumers.
While UK shopping mall giants Hammerson and Intu are accelerating towards their planned merger, the plans could be impacted by the arrival of Klepierre, with reports emerging that it made a bid for Hammerson this month.