It's finally happening. Nearly 40 years after Battersea Power Station closed as a working power generator, the listed historic site will reopen on 14 October as a major South London shopping and leisure destination.
The retailer is going ramping up its circularity drive in response to demand and wants 45% of its interactions with customers to be based on resale, repair, rental and refill by the start of the next decade.
With the discount retail sector set to become ever more central to consumer buying habits as the threat of austerity grows, it’s little wonder businesses such as The Original Factory Shop (TOFS) are trading strongly.
Swedish payments company Klarna has reported a half-yearly operating loss that more than tripled, weighed down by an increase in employee costs, higher credit losses and continued investment in market expansion.
Marketplaces may be popular, but new research claims that Millennial and Gen Z shoppers actually prefer buying directly from e-commerce brands rather than big marketplace platforms when shopping across borders.
It’s bleak for both consumers and retailers. That’s the view of the BRC as UK shop price inflation rose to its highest level since the records started in 2005, data from latest BRC-Nielsen Shop Price Index shows.
Fears that supply chains would be hit hard by the strike at the port of Felixstowe appear to have been unfounded as other ports took up the slack from the now-ended eight-day strike that was flagged well in advance.
Yves Rocher, the beauty retailer owned by the Rocher group, operating 2,899 stores worldwide, of which 667 in France, has reorganised part of its senior management team in charge of international retail.