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Footpatrol has chosen Paris for the opening of its second store. Speaking on behalf of Footpatrol, Jimmy Horrocks said: “Paris has always stood out to us as a key city, it’s the capital of some of the world’s biggest fashion houses and a number of amazing streetwear boutiques. In a way, it...
Pret A Manger is to be sold by its private equity owners Bridgepoint to Luxembourg-based JAB Holdings. They did not say how much JAB was paying, although one report put the value of the deal at £1.5bn. Pret A Manger opened in London in 1986, and as well as its strong presence...
Which? have released a new survey which states that WH Smith has been rated as the worst retailer on UK high streets. In the study, shoppers criticised the retailer's customer service, value for money and the standard of its stores. WH Smith has been in the bottom two of the Which? poll for an...
Mountain Warehouse has accomplished its 21st year of unbroken sales growth with sales rising by 22% to £225.3 million in the 12 months to 25 February. “We grew rapidly during the last downturn and I’m confident we will continue to grow over the coming year. We do not subscribe to talk...
The exchange rate has managed to hold after the release of sales data which saw a positive increase following a slow month in March. The pound has held up against the euro as the week comes to a close. Regardless of the slow start to the week, with the exchange rate being below £1.140, it has managed to...
Wesfarmers is expecting to make a loss of up to £230million after buying the DIY retail chain Homebase two years ago. It’s now being bought by Hilco, which rescued HMV in 2013. It is not certain that the new owners will shut down stores, however thousands of jobs are at risk. Homebase currently employs 11,500 people...
Sales rose in the retail market by 1.6% in April as consumers resumed spending after the cold weather earlier in the year. Furthermore, The Office for National Statistics said the sector remained "broadly subdued" and analysts said the underlying trend was "lacklustre". Sales rose just 0.1% on the previous quarter in the three...
Homebase's future within the retail sphere will be decided within days as its owner nears the end of its huge foray into the UK retail sector, potentially putting thousands of jobs at risk. The UK DIY chain employs more than 11,000 people, and is expected to transfer to a new owner with...
Topshop – and its menswear sibling Topman – made a loss of nearly £11 million in the year to August 26. The revenue fall has been significant too, dropping 6% to £933.6 million from £990 million. Topshop owner Arcadia’s parent company, Taveta Investments, have reported a 42% drop in profits and a 5.6%...
URBN has said that total net sales in its first quarter increased by 12.4% year-on-year to a record $856 million. Comparable retail segment net sales rose by 10%, driven by strong, double-digit growth in online sales and positive retail store sales. Looking at the different brands, comparable retail segment net sales increased...
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