Latest news

The BBC have reported that Dixons Carphone's pre-tax profits for the year to 28 April fell to £382m, from £500m a year earlier. The retailer will be closing 92 of its more than 700 stores this year due to a decline in mobile phones sales. Last week, they admitted a big data breach involving millions of credit cards...

House of Fraser will be taking on a new product and trade strategy as it takes further steps to transform its business. Their aim is to be one of the best destinations for contemporary brands whilst providing a premium experience for shoppers, both online and in its stores. This will include the company responding...

Marks & Spencer is collaborating with Microsoft in a new plan which entails testing the integration of artificial intelligence technology in the retailer’s stores and wider business. The partnership will see the two businesses work together to explore how the technology can be used within the retail environment to improve the customer...

It was reported by Drapers yesterday that House of Fraser will be recieving a credit lifeline if CVA is approved. House of Fraser has been thrown a lifeline by two of its major lenders after an agreement was secured to extend credit facilities and loans to the end of 2020 - as...

Dr. Martens are looking to take over from its long-term distributor partner Bondi Marketing and run all operations in Germany, Austria and Switzerland as it looks to open stores in the countries. The retailer will launch its first store in Germany tomorrow in the city of Cologne and is also planning...

Staff at discount retailer Poundworld have been told "closing down" sales will start on Thursday.es. Poundworld, which went into administration earlier this month, has 355 stores and employs 5,100 people. In a notice to staff posted on Wednesday, Deloitte said Poundworld's trading had been "difficult for a substantial period of time". But while...

Poundworld has cut 98 head office staff as administrators struggle to find a buyer for the discount retailer. The job cuts have hit Normanton and West Yorkshire. They have arrived after the business collapsed last week, putting a total of 5,100 jobs at risk. The budget chain's 335 stores are still open and...

John Lewis sales at its department stores have risen by 5.7% last week as it has benefited from shoppers purchasing Father’s Day gifts and taking advantage of a price matching promotion. Retail sales were strong with an uplift of 10.9% as the womenswear category achieved sales growth of 11%. Within this, own brand...

Footasylum has reported a great uplift in sales for the year to 24 February but has warned that profit growth will be weaker in the current financial year. During the period, revenue was up 33% to £194.8 million with growth across all channels and product categories. Online sales rose by 41%...

Bon Marche announces a boost in profits and has seen its underlying pre-tax profit rise by 27% to £8 million in the year to 31 March. Although total revenue declined to £186 million from £190.1 million in the previous year. Online sales were up 34.5% but in-store like-for-likes were down 4.5% in...