020 7432 8855 to advertise
John Lewis grew its sales by 3.8% last week in comparison to the same period last year. Fashion sales climbed by 7.6% after the women’s accessories category performed well. Sales in the department store’s own brand clothing category were up 7.1%. Price matching competitors through its Never Knowingly Undersold promise...
Mulberry made a loss of £5 million in the year to 30 March. This compares to a pre-tax profit of £6.9 million in the previous year. During the period revenue dropped to £166.3 million from a previous £169.7 million, although international sales rose by 7%. UK sales also fell by...
Victoria’s Secret has opened its first standalone store in Paris. Despite having held the 2016 edition of its annual televised Victoria's Secret Fashion Show in the city, the American lingerie and sleepwear brand has only just opened its first retail location in the city. The new store is located in the...
In 2018 Superdrug gained 20% more loyalty club members and increased its revenue by 3.3% to £1.28 billion. The retailer made a profit of £88.3 million in the 52 weeks to 29 December. This was down from £92.9 million in 2017. The company has attributed the revenue growth to the addition...
Waitrose is launching a pilot training scheme for fishmongers and butchers to differentiate itself from competitors. Initially including 10 fishmongers and 10 butchers, the scheme could be extended to a further 200 staff if it is successful. The butchery course will include training on cuts of meat, cooking techniques and butchery...
7 For All Mankind has announced the appointment of Suzanne Silverstein as its new president. Silverstein will be based in New York and will oversee the brands bicoastal teams. She was previously the VP for US Wholesale at 7 For All Mankind until 2014, when she left to become the President of...
Dunhill has opened a new ‘experiential’ store in the menswear department of Harrods. As part of the £200 million redevelopment of Harrods, Dunhill will join the likes of Ralph Lauren, Giorgio Armani and Salvatore Ferragamo in the new menswear floor. The renovation will be completed by 2020, and will see the current...
Iceland has announced plans to open 50 new stores. This comes after the retailer confirmed that its sales increased by 4.5% to £3.08 billion in the year to March 29th. EBITDA on the period dropped by 8.7% to £140.1 million after an increase in staffing and distribution costs. Iceland opened 45 new...
Select’s proposal for a company voluntary agreement was approved on Monday by 87% of its creditors. This marks the second time that the retailer has filed for this type of insolvency. Joint administrators, Andrew Andronikou, Brian Burke and Carl Jackson, from Quantuma, said the CVA secures the full retention of Select’s 1,800...
Tesco has posted a 0.8% growth in its like-for-like sales in the UK and Ireland. Sales in the region were up by 1.3% to £11.1 billion. This comes after the company invested further into its ranges, prices and loyalty programme in the 13 weeks period to May 25th. The sales boost was...
Why not sign up for daily news emails?
