Miniso has unveiled its first Miniso-Go store in Paddington, London, responding to the needs of travellers.This new 400 sq ft store offers Miniso’s signature affordable products, with a keen focus on travel essentials.The Paddington outlet marks the latest step in Miniso’s expansion across the UK.Products include travel accessories and themed merchandise from popular brands.Miniso eagerly anticipates the store’s opening, a significant milestone for its UK presence.Miniso has officially announced the opening of its inaugural Miniso-Go travel store at Paddington, London this week, furthering its expansion plans within the UK. The 400 square-foot store is uniquely positioned to cater to both…
Author: Dave Antrobus
In a significant business move, Authentic Brands Group (ABG) has acquired the iconic athleticwear brand Champion for $1.2 billion (£899 million).The acquisition from HanesBrands was first announced in June and has now been finalised.This marks ABG’s second-largest acquisition following the purchase of Reebok from Adidas for €2.1 billion (£1.8 billion).Champion’s core operations in the US and Canada will be managed by AMG Companies, with GearCo handling the collegiate clothing business.Future expansions are anticipated in Europe, Asia, and Australia with new partnerships on the horizon.Authentic Brands Group (ABG) has successfully completed its acquisition of the well-known sportswear brand, Champion, in a…
In a substantial move within the sportswear industry, Authentic Brands Group has acquired Champion in a $1.2bn deal.The acquisition positions Authentic Brands for further expansion, following their previous purchase of Reebok.Champion, a renowned name in athletic wear, achieved global sales near $3bn annually under HanesBrands.The management of Champion’s core business in the US and Canada will be handled by AMG Companies.New partnerships will see Champion’s reach extend across multiple regions, including Europe and Asia.Authentic Brands Group (ABG) has announced the completion of its acquisition of the iconic sportswear brand, Champion, for a sum of $1.2 billion. This acquisition marks a…
Ella’s Kitchen has partnered with the climate-focused app Eevie to enhance its sustainability efforts.The collaboration supports Ella’s Kitchen’s ambitious ’30 x 30′ campaign involving significant environmental initiatives.Eevie app aims to engage employees in climate challenges and reward sustainable behaviours with tangible impacts.Ella’s Kitchen’s goals include reducing Scope 3 emissions by 28% by 2030, reinforcing its commitment to sustainability.This initiative represents a strategic step in promoting climate-conscious behaviour among employees and aligning operational practices with environmental goals.Ella’s Kitchen has embarked on a promising partnership with the climate app, Eevie, as part of its ongoing commitment to environmental sustainability. This collaboration is…
Despite challenging market conditions, Tapi Carpets has returned to profit, marking a notable recovery since the pandemic.The company reported an operating profit increase of nearly £10 million, rebounding from a £1.7 million loss in 2022.Sales grew by 7.9%, reaching £171 million, bolstered by the opening of seven new stores.This profit growth is attributed to strategic sales growth and strict cost management.Managing Director Jeevan Karir highlights the ongoing commitment to customer service as key to this success.In a remarkable financial turnaround, Tapi Carpets announced a return to profitability, marking its first profit achievement outside the pandemic’s influence. The latest annual results…
Tapi Carpets has reported its first operating profit outside of the Covid period, reflecting strategic growth and cost management.The retailer achieved a remarkable profit increase of £10m for the year ending 31 December, a substantial turnaround from a £1.7m loss in 2022.A 7.9% rise in sales, reaching £171m, was largely attributed to the opening of seven new stores in 2023.The company’s performance analysis highlights organic growth, excluding contributions from the Carpetright transaction in July.Tapi’s leadership credits the firm’s focus on customer service and cost control during a challenging market environment.Tapi Carpets has successfully returned to profitability in its latest financial…
Tesco and Sainsbury’s face scrutiny over their in-store recycling programmes after revelations about waste treatment methods.Investigations show that much of the soft plastic collected is being incinerated rather than recycled.Campaigners tracked 40 bundles of plastic waste, revealing extensive travel across the UK and overseas.A significant portion of the plastic is turned into fuel or burned for energy, with little actually recycled.The investigation highlights the need for greater transparency in supermarket recycling initiatives.An investigation involving the Everyday Plastic campaign group and the Environmental Investigation Agency (EIA UK) has brought to light concerning practices in the in-store recycling schemes of Tesco and…
Mothercare has temporarily halted the trading of its shares on the AIM market due to a delay in publishing audited results.The retailer missed the deadline for its audited results for the year ending March 2024 because of ongoing refinancing discussions.Mothercare is finalising a refinancing deal aimed at significantly reducing its net debt and ongoing cash financing costs.The company expects to release its 2023/24 audited accounts within weeks, anticipating results in line with previous guidance.Challenges in the Middle Eastern market, which accounts for a significant portion of sales, persist into the new financial year.Mothercare has made the decision to suspend trading…
Tesco is launching its largest train service to enhance sustainability efforts.The new service will replace over 90 weekly lorry trips with train transport.Tesco aims to move 31 million more cases per year through its rail network.This initiative is expected to save over 6,000 tonnes of CO2 emissions annually.198 Tesco stores will now receive deliveries by rail, reducing carbon footprint.Tesco is enhancing its environmental sustainability measures by launching its largest train service to date. This expansion is set to significantly reduce reliance on road transport, with over 90 lorry trips per week being replaced by the rail network. Such actions are…
Food inflation rose to 2.3% in September, driven by poor harvests affecting key regions.The British Retail Consortium reported a significant impact on prices for sugary products and cooking oils.Fresh food inflation climbed to 1.5% from August’s 1%, while ambient food inflation decreased to 3.3%.Overall shop price deflation was noted, with rates at their lowest since August 2021.Retail experts foresee continued challenges, urging strategic promotional activities to drive demand.Food inflation experienced an uptick to 2.3% in September, contrasting with August’s 2%, as poor harvests in critical areas led to price increases, notably affecting sugary products and cooking oils. The British Retail…