News
Frasers Group offloads Sports Direct Malaysia in $150m deal
11+ hour, 29+ min ago (355+ words) Frasers Group has agreed to sell its Sports Direct Malaysia business to MAP Active for around $150m (113m), as it pushes ahead with a partner-led expansion strategy across Southeast Asia. The retail giant will sell its entire interest in Sports Direct Malaysia…...
American Eagle taps Papa John's executive Ravi Thanawala as CFO
11+ hour, 38+ min ago (317+ words) American Eagle Outfitters has appointed Papa John's executive Ravi Thanawala as its new chief financial officer, as Mike Mathias prepares to step back after 25 years with the retailer. Thanawala will join the owner of American Eagle and Aerie as executive…...
Speedo unveils playful Minions & Monsters collaboration
9+ hour, 7+ min ago (143+ words) Swimwear brand Speedo has partnered with Illumination's Minions and Monsters film to launch a limited edition collection. The new collection "reimagines classic swimwear silhouettes through a fashion-led lens. It is inspired by the Minion's mischievous nature. This is the first…...
Halifax to disappear from UK high streets after 173 years
11+ hour, 6+ min ago (514+ words) Halifax is set to disappear from UK high streets after 173 years as Lloyds Banking Group prepares to fold the historic banking brand into Lloyds. The banking giant confirmed the Halifax name will be phased out from branches, apps and customer…...
ASOS completes Atlanta warehouse sale in "48m deal
1+ day, 9+ hour ago (325+ words) ASOS has completed the sale of its former Atlanta fulfilment centre in a deal worth around "48 million, marking the end of its programme to dispose of non-core assets. The online fashion retailer said it has assigned the warehouse lease to…...
Sainsbury's ramps up facial recognition rollout to tackle shoplifting
1+ day, 10+ hour ago (342+ words) Sainsbury's is expanding its use of facial recognition cameras to up to 150 more supermarkets before Christmas as it steps up efforts to tackle shoplifting and abuse against staff. The company already has the AI-powered Facewatch system live in 55 stores, following…...
Dodgy high street shops face crackdown as MPs warn town centres are being "hijacked
1+ day, 10+ hour ago (773+ words) The government has pledged to crack down on illegal high street shopfronts as MPs warned that town centres were being undermined by organised crime, empty units and weaker footfall. Speaking during a Westminster Hall debate on high street regeneration and…...
Former WHSmith chain TG Jones faces insolvency threat as court ruling delayed
2+ day, 9+ hour ago (407+ words) TG Jones, the former WHSmith high street business, is facing fresh fears over its future after a High Court judge delayed a decision on its restructuring plan. The retailer, which was bought by Modella Capital last year and rebranded from…...
Ford rehires veteran engineers as AI quality systems disappoint
3+ day, 6+ hour ago (180+ words) Ford has rehired 350 veteran engineers after the artificial intelligence and automated quality systems it was relying on failed to deliver the standards the company was aiming for. The engineers, including former Ford employees and specialists recruited from suppliers, have been…...
Harvey Nichols owner explores sale after mounting losses
3+ day, 4+ hour ago (346+ words) Harvey Nichols owner Sir Dickson Poon is reportedly exploring a sale of the luxury department store chain after years of losses. The Hong Kong billionaire, who has owned the business for 35 years, is understood to have appointed advisers to examine…...