Mixed views on Frasers’ deal frenzy.
Frasers has recently bought sizeable shareholdings in Boohoo, Currys and AO as well as adding to the stake in Asos.
Next basks in warmer weather and wage increases.
Next unexpectedly released a trading update highlighting that it was performing much better than it had earlier predicted.
Nike reengages with retailers to build back wholesale.
Nike is retreating from its direct-to-consumer (DTC) focus and building back its wholesale business as it reengages with third-party retailers.
Asos highlights negative impact of returns.
Asos highlighted how the cost of delivery and returned goods is continuing to weigh heavily on its ability to generate profits.
Tesco becomes pub operator (for a couple of days).
Tesco is pushing its marketing fully into the experiential sphere with the opening of a pop-up pub ahead of the Coronation.
Primark recognises value in click & collect.
Long standing holdout to online shopping Primark is to expand its recently introduced online trial but it still shuns home delivery
WH Smith leads the retail pack into travel hubs.
WH Smith is enjoying significant growth within its stores located within travel hubs that are now powering its sales and profits.
Next continues its clever buying strategy.
Next has purchased the Cath Kidston business from the administrators for £8.5 million as it continues its strategy of buying up.