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Rituals targets UK expansion after hitting record €2bn sales

Retail Gazette

The brand is also growing its digital and wholesale operations, with a focus on travel retail. Rituals international footprint has expanded rapidly since entering Asia in 2022, with new stores in Hong Kong and Japan contributing to 46 locations across the continent in 2024.

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Nike profits plunge 86% as it braces for $1bn Trump tariff hit

Retail Gazette

Nike has reported an 86% drop in quarterly profits as it grapples with a sharp decline in sales, a costly corporate revamp, and a $1bn hit from US tariffs. The sportswear giant posted a net profit of $211m in its fiscal fourth quarter, down from $1.5bn a year earlier, as revenues fell 12% to $11.1bn — the lowest since Q3 2022.

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Distribution and Wholesale Seek Retail Skillset to Gain Competitive Edge

365 Retail

Embracing an omnichannel approach which allows for a positive customer journey is increasingly being adopted by distributors and wholesalers, who are moving to utilise interim retail resource to create competitive advantage. Creating a digital gateway requires experience in technology implementation and in digitising customer services.