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Lego has returned to growth in 2018 with revenue for the full year rising by 4% to 36.4 billion Danish kroner. The increase follows a drop in sales in the previous year for the first time since 2004. 2018 also saw the company increase its operating profit by 4% to 10.8...

Over 300 jobs have been lost at Better Bathrooms after the retailer has gone into administration. Administrators from FRP Advisory said that 325 staff members have been made redundant although ten head office and warehouse function staff have been retained on a temporary basis to assist with the administration process. Better Bathrooms’...

Ted Baker has confirmed that its founder Ray Kelvin has resigned from his role of chief executive. Mr Kelvin took a voluntary leave of absence from the company in December following harassment claims, all of which he has denied. However, an investigation by law firm Herbert Smith Freehills into the allegations...

Ted Baker has warned that its full year profit is to be lower than expected due to foreign exchange movements and costs associated with system upgrades and inventory write-downs. The company said in a statement: “Profit before tax is now expected to be in the region of £63 million; this is...

Total sales at John Lewis were down 4.8% last week on the same period last year. The retailer said that home sales fell by 9.5% due to discounts offered over half term by its competitors. However, John Lewis benefited from the unseasonably warm weather which led to outdoor furniture sales...

The Ocado Group and M&S have agreed to set up a new 50-50 joint venture which they claim will “transform” online grocery shopping in the UK. The joint venture will be called Ocado and will deliver M&S products from September 2020, when Ocado’s deal with Waitrose ends. M&S will buy a...

Travis Perkins has reported that full year revenue at its Wickes chain has declined by 2.5% and by 4.4% on a like-for-like basis after it faced a "challenging" DIY market. The company also said trading in the year to 31st December was impacted by poor weather conditions in March and...

Amazon has announced plans to create 1,000 apprenticeship roles in the UK over the next two years. Nine different programmes, ranging from 13 month placements to four years, will be offered across the country in departments ranging from IT to HR, safety, software engineering, robotics, leadership and technology. Doug Gurr, UK...

The Aldi supermarket chain has opened a new £50 million distribution centre at Kent’s Isle of Sheppey. The new distribution centre span 60,000 square metres and employs more than 400 staff. This is Aldi’s tenth UK distribution centre and will serve nearly 60 stores across the south east. Aldi is working...

Brooks Brothers will be opening its third store in the UK at ICON Outlet at London’s O2. Situated on the upper level of the outlet centre, the store will stock Brooks Brothers’ classic clothing items. The space will span 1,600 square feet and the interior features a mix of natural leather...