ShoutingInDigital
Retail, E-Commerce, E-tail and Digital News
1st
MAR
GAME Group to trim retail presence
Posted by James | Filed under supermarkets
- Image via Wikipedia
UK High Street games retailer GAME is to trim its high street presence with the closure of 12 GAME stores as well as six Gamestation stores and the removal of all its Debenhams concessions.
The move will see the closure of 43 outlets in total which the group attribute to tough market conditions. Most of the closures will occur where outlets are situated close to one another.
The company also said that it plans to seek employment opportunities for all 247 affected workers.
A statement made by GAME to Edge Online said:
“We are committed to evolving our business to make sure it operates as efficiently as possible while consistently delivering the high standards of service our customers demand,”
“We regularly review our entire store portfolio, including our concessions, to maximise the opportunities to reach customers while also ensuring that the business is running as effectively as possible.
“The majority of the identified sites are located close to another one of our stores, and we will help each customer affected by a closure to transfer to their nearest store as well as our online offerings.
“We will provide extensive support to the teams in each store. However, with deep regret, we have had to offer redundancy to 247 employees. We will do our utmost to redeploy roles if possible, and have started consulting with all affected employees in the 43 sites.”
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Tags: Business, Debenhams, Edge, game, Game theory, Gamestation, high street, retail
27th
JAN
KKR buys Pets at Home chain
Posted by James | Filed under supermarkets
- Image by Dogfael via Flickr
Pet store chain Pets at Home has been bought by US Private Equity Firm KKR (Kohlberg Kravis Roberts) for a figure of £955 million which includes the firm’s debts. The brand becomes KKR’s third UK High Street acquisition – they also already have Boots and Toys R Us on their portfolio.
The buy-out provides a healthy profit for Pets at Home’s owners Bridgepoint who paid £230 for the chain in 2005.
KKR fended off rival bits from other private equity houses including Apax Partners, Bain and TPG, while Bridgepoint was also rumoured to be considering a stock market flotation.
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Tags: buy-out, high street, pets at home, supermarkets
15th
MAY
TK Maxx prepares for e-commerce launch
Posted by James | Filed under news
Super-discount retailer TK Maxx, an exceptionally well-known brand on the high street, will launch itself into the world of e-commerce at the end of this month.
The European retailer which is owned by US company TJ Maxx has been surviving exceptionally well during the recession, opening new stores in the UK and making plans to open more stores across Europe in places like Poland.
The e-commerce venture will be the first of its kind for TJ Maxx, which also owns Homesense. In the past they have concentrated solely on gaining territory on the high street, but now are finally seeing the potential the online world could have for their business.
TJX Europe spokeswoman Deborah Dolce said: “We are excited about expanding our concept of great value on quality and fashion brands, for which we are well known, through this channel.”
According to Nielsen Online, the TK Maxx website received around 344,000 visitors last month. Considering the company is already getting this amount of traffic without offering customers the opportunity to buy online, it is likely this figure will significantly increase once the e-commerce features have been implemented.
TK Maxx will use e-commerce platform Venda, which is also the retailing platform of choice for companies such as Superdrug, High and Mighty, and fat face. Customers will be able to shop online at TkMaxx.com from the end of this month.
Tags: high street, tk maxx
14th
MAY
M&S to sell two million products for 1p each
Posted by James | Filed under news
As Marks and Spencer celebrate their 125th birthday this month, the company is keen to remind shoppers of its humble beginnings and company history. To celebrate this history, and to give something back to consumers, M&S will put more than two million products on sale for just a penny each.
It’s hard to believe, but retailers M&S began as a humble market stall in Leeds Kirkgate Market. The market stall was set up by a Russian refugee known as Michael Marks before opening its first shop in Cheetham Hill Road Manchester, less than ten years later.
The penny products will be available from the 20th of May for three days with proceeds being donated to the M&S 125 Charity Challenge.
Tags: advertising, high street, marks and spencer
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James and the team who run Shouting in Digital work for a digital marketing agency.
Sometimes we'll end up blogging about clients. When that happens it's because the client has done something worthy of a e-tail blog's attention. All the posts here are our opinion, insight and stuff we'd like to share for you please don't consider this meaningful advice.