Debenhams closure plans to hit Arcadia
Debenhams’ plans to close almost a third (50) of its 165 department stores has put dozens of concessions belonging to Sir Philip Green’s Arcadia group at risk. According to the Sunday Telegraph, Arcadia has about 350 concessions in Debenhams stores, with around 100 of those at risk.
It is thought the Wallis, Miss Selfridge, Dorothy Perkins and Topshop brands could all be affected. Combined annual sales at these concessions total as much as £100m.
The impact of the Debenhams’ closures is a fresh blow to Green after he was named by Lord Peter Hain in the House of Lords as the businessman behind an injunction preventing media from reporting allegations of sexual harassment and racial abuse.
The 10 biggest online grocery markets to create a $227bn opportunity by 2023
The 10 biggest global online grocery markets are predicted to contribute to a combined growth of $227bn by 2023, according to IGD.
China is leading the way with a predicted growth of 31% over the next five years, taking its market share from 3.8% to 11.2%. The Chinese online grocery market is forecast to grow by the same amount as the entire combined market of all 10 countries in 2018.
The US is primed to experience similar growth, with its online market set to more than double from $23.9bn to $59.5bn, creating an additional $37bn opportunity for American retailers and manufacturers.
Meanwhile, in the UK, online will increase its market share from 6% to 7.9%, while Spain, Canada and Germany are also leading the way.
According to IGD’s research, the online grocery market growth is being driven by the twin enablers of rapidly evolving shopper expectations and exciting tech innovations.
Ryanair investors call for chairman to stand down
Ryanair investors are calling for the airlines’ chairman David Bonderman to stand down after more than two decades with the company. On top of this, the Local Authority Pension Fund Forum (LAPFF) has asked Ryanair to replace Michael O’Leary, who has been chief executive since 1994.
According to The Guardian, Ian Greenwood, LAPFF chair, wrote a letter to the chair of the Irish airline’s nomination committee Michael Cawley on 12 October to explain it will file the resolutions in favour of the changes at the Dublin-listed firm’s next annual meeting, to be held in September next year.
LAPFF, which holds about 1% of Ryanair’s shares, has not received a response to the letter. However, only investors holding at least 3% of shares can introduce a resolution, which means LAPFF would require backing from larger investors, according to Irish law.
“Ryanair shareholders recently passed all AGM resolutions by a large majority, including the nomination of directors and chairman. They appreciate how fortunate we are to have an outstanding chairman like David Bonderman [to] guide the board and the airline,” says Ryanair in a statement.
Ikea champions diversity in holiday campaign
Ikea US is championing diversity in this year’s holiday advert by showcasing families of various ages and ethnicities.
The 60 and 30-second spots which adhere to the tagline, “our holidays don’t all look the same, maybe that’s what makes us great”, features families celebrating both Hanukkah and Christmas while others are seen eating their version of a traditional holiday meal whether it be noodles or hot coco.
Christine Whitehawk, external communications manager at Ikea US, says: “Ikea knows the importance of life at home and that the holidays look and feel different for everyone”.
Created alongside Ogilvy, the campaign isn’t the first of its kind. In fact, last year Ikea Canada ran a spot that also featured a diverse group of individuals, including a refugee family and two women attending prom together.
Huel launches first UK TV ad
Huel has launched its first TV advert featuring its 100% vegan shakes. The 30-second spot showcases a number of people living an active lifestyle from rock-climbing to cycling and how Huel can provide an on-the-go meal alternative
Using the tagline ‘Eat complete’, Huel claims to offer nutritionally complete foods while having minimal impact on animals and the environment. The company also aims to combat food waste by 30%.
The advert will appear across a number of lifestyle channels including Comedy Central, Dave, Sky News, E!, Fox and Lifetime. It was produced alongside creative agency AndRising.
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Phvntom, Inc. is a digital marketing company located in Boise, Idaho that creates websites, apps, and full-scale promotions/campaigns for other businesses. The views and opinions expressed in this article are strictly those of its authors and were not written by Phvntom. This article was originally published by Marketing Week.