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Luxury department store Harrods set to axe nearly 700 jobs – Retail Times

Following the news that the UK’s most iconic luxury department store Harrods, is axing nearly 700 jobs in a bid to cut down on costs after being hit hard during the pandemic, Andy Barr, retail expert and co-founder of online price tracking website www.alertr.co.uk, commented: “It seems the big-name stores are taking the biggest hit during …

Luxury department store Harrods set to axe nearly 700 jobs – Retail TimesRead More

Carluccio’s set to file for administration amid coronavirus shutdown | World news

The Italian restaurant chain Carluccio’s and the rent-to-own retailer BrightHouse are expected to be among the first high-street casualties of the coronavirus shutdown, putting about 4,400 jobs at risk. Carluccio’s is understood to be preparing to file for administration. FRP Advisory, the restructuring specialist, confirmed it was working with the chain, which has 73 branches …

Carluccio’s set to file for administration amid coronavirus shutdown | World newsRead More

Mother’s Day spending set to be down as a result of the coronavirus

Spending in the UK ahead of this Saturday’s Mother’s Day is likely to be significantly down as shoppers steer clear of stores in the current coronavirus pandemic, an analyst has warned.   Retailers with a weak online presence and who rely heavily on store sales will be the worst hit, as will restaurants and cafés …

Mother’s Day spending set to be down as a result of the coronavirusRead More

Two years’ worth of data set to help retailers plan for the perfect Peak 2020

Look out for peak 2020 trends It is never too early to start planning for Christmas and data from the peak 2018 and 2019 has been pulled together to help retailers do just that.   In its report, The Art and The Algorithm: Consumer Shopping Behaviours During Peak, data-driven personalisation platform for footwear and apparel …

Two years’ worth of data set to help retailers plan for the perfect Peak 2020Read More

eBay, O2, Sainsbury’s, Halfords, Nandos set to speak at the UK’s no. 1 digital retail show

Retail professionals from eBay, O2, Sainsbury’s, Halfords, Nandos and Depop are among the big brand speakers at IRX (InternetRetailing Expo), the UK’s no. 1 digital retail show taking place on 1 & 2 April 2020 at the NEC, Birmingham. The free-to-attend event will bring together around 5,000 retailers, brands and industry experts from across the …

eBay, O2, Sainsbury’s, Halfords, Nandos set to speak at the UK’s no. 1 digital retail showRead More

Amazon set a record of its own on Cyber Monday

Get great content like this right in your inbox. Subscribe Amazon kept up its tradition on Cyber Monday. The online giant said that Cyber Monday was the single biggest shopping day in its history, based on the number of items ordered worldwide. Cyber Monday has been Amazon’s top sales day for several years, outpacing the …

Amazon set a record of its own on Cyber MondayRead More

Peacocks chain set to rescue Bonmarché from collapse | Business

At least 30 Bonmarché stores are to close next month with the loss of about 240 jobs, as previous owner Philip Day prepares to buy back the remaining chain out of administration. The Peacocks chain, which is part of Day’s Edinburgh Woollen Mill group, has been named by administrators at FRP advisory as preferred bidder …

Peacocks chain set to rescue Bonmarché from collapse | BusinessRead More

DMA raises Rs 22 crore, set to go live in Jan, Retail News, ET Retail

BENGALURU: Digital Mall of Asia (DMA), a virtual e-commerce platform, has raised Rs 22 crore in a funding round by real estate investor Satish Jain through his privately-held Amour Infrastructure. DMA plans to use the funds to scale up product development and branding, create awareness about its key offerings, followed by an upcoming launch in …

DMA raises Rs 22 crore, set to go live in Jan, Retail News, ET RetailRead More

London’s Oxford Street set to see £2.9 billion of investment in the next 1000 days.

New West End Company, the representative of Oxford, Bond and Regent Street businesses, announced the 1,000 day countdown to when a total of £2.9 billion will be invested within a one mile radius of Oxford Street by 2022. This is set to be a significant and radical transformation which will drastically change the world’s most …

London’s Oxford Street set to see £2.9 billion of investment in the next 1000 days.Read More

Chinese shoppers set new ‘Singles’ Day’ spending record, Retail News, ET Retail

SHANGHAI: Chinese consumers spent a record amount on Alibaba platforms Monday during the annual “Singles’ Day” buying spree, the world’s biggest 24-hour shopping event, which kicked off this year with a glitzy show by US singer Taylor Swift. The country’s leading e-commerce firm said that by late afternoon the amount of goods bought surpassed the …

Chinese shoppers set new ‘Singles’ Day’ spending record, Retail News, ET RetailRead More