020 7432 8855 to advertise
Game’s half-year profits have taken a hit thanks to declines in its core retail operations. According to the retailer’s interim results for the 26 weeks to January 27, profit before tax plummeted 25.5 per cent year-on-year from £16.5 million to £12.3 million. This was driven by a steep 56.1 per cent drop...
Fashion retailer Select has become the latest high street casualty to file for a company voluntary agreement (CVA), throwing 1750 jobs into uncertainty. Genus UK, Select’s parent company, announced that it was seeking a CVA to allow it to reduce rents among its 183 stores across England and Wales. While Genus UK...
The Entertainer has reported a 37% increase in full year profit despite challenges in its market. In the year to 27 January, total sales rose by 6.8% compared to the same period in the previous year, although like-for-like sales were broadly flat. Online sales were up 30% as use of...
High street fashion retailer H&M has launched a dedicated store on Chinese ecommerce platform Tmall. The retailer said the new partnership is designed to strengthen its position in mainland China and complement both its online presence and 400 bricks-and-mortar stores in the country. H&M opened its first store in China in 2007 and...
Boots has been voted the UK’s top brand among women, overtaking last year’s winner Marks & Spencer. According to YouGov BrandIndex’s Women’s Rankings, which uses companies’ brand tracking data and rates companies based on whether a respondent has a positive or negative impression of the brand, Boots climbed from third place...
Retail sales saw an unexpected spike in February as shoppers returned to the high street after a difficult Christmas period for the sector. According to the latest data from the Office for National Statistics (ONS), retail sales volumes rose 1.5 per cent during the month compared to a year earlier, coming...
Fashion retailer Esprit has appointed former New Look head Anders Kristiansen as its new chief executive as it looks ahead to a new phase of growth. Due to take up his new position on 1 June, Kristiansen will succeed Jose Manuel Martínez Gutiérrez who will step down on the same date. The...
Men’s suits retailer Moss Bros has cautioned that its full year profits would come below expectations for the full year, in the retailer’s second profit warning this year. It warned that profits for the year to January 26 2019 would now be “materially lower” than previously reported, sending share values plummeting...
New Look has confirmed that creditors overwhelmingly voted in favour of its company voluntary arrangement (CVA) proposal today, which means up to 980 staff are set to be made redundant and 60 stores will shut down within 12 months' time. The CVA – which was first launched as a proposal on...
Six months ahead of schedule, the Westfield London shopping centre has launched the first phase opening of its £600 million expansion which includes John Lewis’ new 50th department store. Throughout 2018, the 740,000 square feet expansion will see the opening of more than 90 new shops, cafes, restaurants and leisure outlets. The John...
Why not sign up for daily news emails?
