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Harrods has recorded its eighth year in a row of soaring profits, which included hitting the £2 billion sales mark for the first time. According to The Times, accounts to be filed at Companies House show that Harrods broke its sales record in January this year, and its total annual sales...

Newly released figures have shown that retail footfall has declined by 1.2% year on year in September to mark the third consecutive monthly drop of more than 1%. The data from the British Retail Consortium and Springboard in their monthly footfall monitor shows that high street footfall dropped by 2.2%, which...

Asos has reported a 145% increase in full year pre-tax profit to £80 million as it increased its sales forecast for the year ahead. In the year to August 31st, retail sales climbed by 34% to £1.9 billion as the company achieved UK growth of 16%. International growth was even sturdier...

Superdry has opened a newly refurbished store at Cardiff’s St David’s shopping centre. Stocking the brand’s full new sports range, the store is the first Superdry shop to have a dedicated sports entrance. A spokesperson for Superdry said: “We are delighted to share Superdry’s new concept with our loyal customers at...

Footasylum has confirmed plans to float on AIM next month. The company said the proceeds from the placing will be used to drive growth of it 60-strong store estate to at least 150 stores. In addition, Footasylum is looking to make substantial investments over the next three years in increasing its...

Debenhams have opened a new 93,000 square feet store at the Mander Centre in Wolverhampton. The store has created more than 150 new jobs.  Director of group property at Debenhams, Rob Hadfield said: “Wolverhampton is one of the largest markets which does not currently have a Debenhams store. We are delighted...

The Co-op has hired former Tesco executive Matt Atkinson as its new chief membership officer. In his new role, Mr Atkinson will be responsible for membership, digital, data, brand marketing, communications and community and campaigning matters. He will be joining the Co-op from SAGA where he was chief marketing officer. Prior to...

Footasylum is set to open a second women’s concept store in the UK on New Cannon Street at Manchester Arndale. Intu and M&G Real Estate said the company is also upsizing its current 4,700 square foot store to 7,200 feet at the centre. Manchester Arndale has also signed up Colette, the...

Edinburgh’s Fort Kinnaird shopping centre has secured a range of new lettings. Gibraltar Limited Partnership and British Land have announced that the new signings, which also include retailers who have moved to bigger stores in the centre, include O2, JD Sports, Schuh and Schuh Kids, Office, Starbucks, Waterstones, Card Factory,...

Cosmetics brand Inglot has secured its first UK store outside of London at a major shopping centre in Newcastle. The retailer has agreed a 10 year lease for a 1000sq ft store in Intu Eldon Square. The deal forms part of the retailer’s UK expansion drive, beginning with a focus on...