A former M&S digital boss has told the department store chain that it should “seriously” consider a tie-up with Amazon, after the company admitted last month that its fulfilment centre is struggling to cope with demand.
The value brand said this has been the fastest rollout in retail history. The company wants to be one of the largest clothing retailers in the UK by sales volume and become a £100m annual turnover business.
A new shopping destination opening in September in Birmingham has been sold for a headline price of £94 million to M&G Real Estate. It is 91% pre-let to retailers including Marks & Spencer, JD Sports and Next.
Online grocer and technology company Ocado entered Britain's index of biggest companies on Wednesday in a quarterly reshuffle of the FTSE 100 which clearly showed the zeitgeist in a disrupted retail industry.
News of UK retailers cutting their store estates have dominated the headlines in the lasts weeks, but new research has warned that if department stores don’t improve their websites, their efforts will be in vain.