Browse all articles

Ikea have announced a full year sales increase by 5.9% to £1.965 billion. In the year up to 31st August, Ikea opened two new stores in Sheffield and Exeter and are set to open another store in Greenwich next spring.  Ikea also launched its new planning studio format on Tottenham Court...

B&Q has announced that it will not be participating in the Black Friday sales this year as it is focusing on their new ‘everyday low prices’ model following a £100 million investment in July. B&Q recently held a study which found that shoppers are more likely to trust retailers who hold...

Pets at Home appoint David Robinson as chief operating officer of retail and Jane Balmain as interim chief executive of its vet groups First Opinion business. Robinson has spent the last two years as managing director of Bestway Retail.  Before that, he was at Home Retail Group for 15 years, with...

Urban Outfitters is set to expand into the Middle East through a franchise partnership with Azadea. Azadea will manage the brands expansion programme.  The first store is set to open in Dubai in 2019. Azadea has been operating franchise concepts throughout the Middle East and Africa for the last 40 years. Stefan Laban,...

Online retailer, notonthehighstreet.com, is set to open to physical pop up stores for Christmas. Both stores will showcase some of its most popular festive products from around 200 different sellers. They will also be selling personalised Christmas Eve boxes and baubles which will be available online, as well as customisable jewellery and...

Sports Direct announced on Tuesday that it had purchased cycling retailer Evans Cycles out of administration. The company has said that it will keep half of Evans Cycles’ 62 stores open. Mike Ashley, founder of Sports Direct, said: "In order to save the business, we only believe we will be able to...

Tapestry Inc has beaten Wall Street estimates for first quarter sales.  This is largely down to strong demand for Coach and Kate Spade handbags. Net sales grew to $1.38 billion, which was above the expected $1.36 billion. Coach sales, which make up over 70% of Tapestry’s overall sales, grew by 4% in...

SMCP, the company that owns fashion brands Sandro, Maje and Claudie Pierlot has posted a 14% rise in third quarter sales. The Americas have overtaken Asia as its biggest contributor of growth. Overall sales for the quarter grew to 247.7 million euros, according to SMCP, who are controlled by Shandong Ruyi. Daniel Lalonde,...

Seasalt have recorded another year of strong sales. Sales grew by 23% for the year to £52 million, recording the ninth consecutive year of sales growth above 20%. Online sales rose by 33%, making up 40% of their total sales. Operating profit grew by a massive 66% while EBITDA inclined from seven per...

WH Smith has struck a deal to buy US travel company InMotion. InMotion sells digital accessories in US airports.  WH Smith will pay $198 million for the company. InMotion currently operates a concession portfolio of 114 stores across 43 different airpoirts. InMotion have achieved a like-for-like sales growth for the year to date...