Carpetright says multichannel strategy on track, despite hit to profits

Carpetright today said its strategy was on track after a year of “significant operational change and investment” designed to retool the carpets-to-beds specialist for a multichannel shopping environment. The carpets-to-beds specialist, a Top250 retailer in IRUK Top500 research, reported revenues of £457.6m in the year to April 29. That’s up (more…)

IREU Top500 Strategy and innovation report now available online

The first IREU Top500 Strategy and Innovation Performance Dimension Report is now available online. The report looks at how retailers and global brands are currently approaching trade in Europe, and at how retailers are currently pursuing international strategies. Ian Jindal, editor-in-chief, said: “There’s a distinct emphasis on the word ‘currently’, (more…)

Boohoo.com and Missguided invest in logistics – while Amazon introduces try-before-you-buy in the US

The importance to fast-fashion retailers of ensuring delivery and collection options meet the needs of their customers is underlined by announcements from Boohoo.com, Missguided and Amazon.com in the US this week. Both Boohoo.com and Missguided have put in place new options to improve their service. And doing so is arguably (more…)

JD.com and Farfetch strike deal to create ‘premier platform for luxury ecommerce across China’

JD.com and Farfetch announced this week a strategic partnership that they say will create “the premier platform for luxury ecommerce across China,” tapping into a market thought to be worth $80bn. The partnership, which sees leading Chinese retailer JD invest $397m in London-based Farfetch, brings together JD’s China-based logistics, technology (more…)