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Frasers Group predicts £200m loss


By Alexandra Leonards

Mike Ashley’s Frasers Group has forecast a £200 million loss triggered by the coronavirus pandemic, double the amount the company previously predicted.


Asos to raise £500m as part of global expansion

Asos has announced that it is raising £500 million to fund its global growth strategy and to refinance the acquisition of Topshop brands.

Footfall recovering but ‘real test’ comes after reopening

In March total UK footfall decreased by 68.7 per cent compared to the same period in 2019, which represents a 4.9 per cent improvement on the previous month, according to research from The British Retail Consortium (BRC) and Sensormatic Solutions.

Clearpay partners Adyen to expand BNPL to retailers

Clearpay, a Buy Now Pay Later (BNPL) service is partnering payments platform Adyen in a bit to allow more retailers to access Clearpay’s pay-by-instalments service.
The partnership will allow customers to pay in four instalments, with footwear and lifestyle brand Hunter the first brand to rollout Clearpay through Adyen.

Asos profits surge by 253%

Online fashion retailer Asos has seen pre-tax profits more than triple to £106 million in half a year. Profits accumulated in the six months to 28 February 2021 rose by 253 per cent compared to the previous year.
65% say pandemic has increased the importance of supply chain agility

Almost two-thirds - 65 per cent - of finance, procurement and supply chain professionals said the pandemic has increased the importance of supply chain agility, according to research commissioned by Ivalua. Ivalua are a California-based provider of cloud-based spend management solutions.

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Klarna rival Zilch launches in-store BNPL

Buy Now, Pay Later (BNPL) start-up Zilch has launched a new service which enables customers to ‘pay-over-time’ in store with just a tap. According to the London-based company, this will be the “first-ever” product of its kind in the UK and Europe.

March footfall shows ‘strong recovery’

Footfall appeared to recover strongly last month, with an annual decline of 28.1 per cent from a 61 per cent drop in the previous month, according to research by Springboard.

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BNPL: regulation gets the go-ahead, but what happens next?

Alexandra Leonards explores what regulation might mean for the future of Buy Now Pay Later and looks at how the market has responded to the government’s decision to green-light new rules.

The top retail trends of 2020

As the year of disruption draws to a close, Alexandra Leonards identifies the top retail trends of the past 12 months and explores what they mean for the industry next year.

Delivery sector reacts to lockdown demand

One fairly predictable consequence of the Coronavirus lockdown has been a marked increase in the amount of online shopping – but how is the delivery and logistics sector dealing with the spike in demand this has caused?

Uyghur forced labour: do government measures go far enough?

Under the new guidelines, retailers still aren’t legally obliged to cut ties with modern slavery. Alexandra Leonards reveals why the latest measures aren’t likely to change things on the ground, and explores how retailers must look beyond the legal minimum to rid their supply chains of forced labour.

Are shoppers ready for biometric payments?

The recent announcement that Amazon has started using palm scanning payment technology shone a light on the rise of biometric technology – and whether or not consumers are ready to let their bodies be part of transactions.

Fast fashion falls out of favour

The ethics of retailer supply chains has been called into question recently, with brands now rushing to implement technology that gives better visibility into how products are made, sourced and shipped. The scandal that brought the issue into focus most recently was a report in July on Boohoo’s UK supply chain that had a significant impact on the company’s share price and reputation.

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Talking shop: retail technology solutions from Brother
Retail Systems editor Peter Walker sits down with Brother’s senior commercial client manager Jessica Stansfield to talk through the company’s solutions for retailers and hospitality businesses, what’s new in labelling technology, and the benefits of outsourcing printing.

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