Sports Direct sets out details of multichannel strategy as it aims to become ‘the Selfridges’ of sports retail

Sports Direct this week set out details of its multichannel strategy against the backdrop of its stated ambition to become “the Selfridges” of sports retail. The trader, a Top50 retailer in IRUK Top500 research, said a new focus on sports retail, which accounts for more than 67% of group turnover, (more…)

Peak retailing 2016: what UK retailers can learn from Singles Day

Last weekend’s Singles Day saw shoppers spend $17.8bn (£14.3bn) on Alibaba’s Chinese and international marketplaces – 24% ahead of the previous year. Mobile devices drove 82% of that figure, which represents the total gross merchandise volume (GMV) settled through Alipay on Alibaba’s marketplaces. At the time, Daniel Zhang, chief executive (more…)

Majestic Wine reaffirms multichannel path to £500m turnover target despite falling profits

Majestic Wine today reported growing first-half sales but falling profits, but said it remains on track to turn over £500m a year by 2019 through a strategy focused on becoming an international multichannel retailer. The wine merchant said its drive to boost customer loyalty through improved customer service was working, (more…)