Browse all articles

Uniqlo owner Fast Retailing, has recorded a 38.6% spike in its profits owing to growth in its Asian markets. The parent company of Uniqlo, which is based in Japan, said operating profit surged to 176.4 billion yen (£1,19 billion) for its financial year to August 31st, boosted by a 4.2% rise...

Aldi will be the latest retailer to continue accepting defunct £1 coins two weeks after the official deadline. The retailer has joined the likes of Tesco and Poundland in extending its deadline past October 15th when the old pound coins will cease to be legal tender. Roughly 500 million old pound coins...

Travelodge has teamed up with Inti and has opened a hotel at Lakeside shopping centre. The Lakeside Travelodge is a purpose built, 74 room hotel with a bar and cafe and on-site car-parking and has been designed in the company’s new contemporary brand design. This marks Travelodge’s 550th hotel.   The opening...

After the announcement in September that the 25 strong store group, Just for Pets, would go into administration, nearly 200 jobs have now been saved following a takeover. Following the appointment of Ben Barrett and John Carpenter of Dow Schofield Watts Business Recovery as joint administrators, the company has been sold...

WH Smith has reported that its full year group pre-tax profit rose by 7% to £140 million as revenue at its travel business overtook that of its high street stores for the first time. Like for like sales at the travel business rose by 4% but declined by the same percentage...

John Lewis’ sales were down 0.9% year on year last week to £89.1 million. The week’s warmer weather impacted fashion sales, which were down 2.7%. However, the retailer’s own brand Kin range had a strong week with sales up 55% compared to last year. Home sales fell by 2.5% even with a...

Dunelm has increased its like for like sales by 9.3% in the 13 weeks to September 30th. Dunelm’s first quarter like for like store sales grew by 6.5% while online sales climbed by 46.2%. Total revenue was up 24.8% to £247.9 million. Dunelm chairman, Andy Harrison said: “We have maintained the good...

Fashion brand Quiz has reported a 35% increase in first half group revenue to £56.1 million as it continues to expand across the UK and in international markets. In the six-month period to September 30th, online revenue rose by 204% to £13.8 million as the company benefited from a new 180,000...

Fashion brand Mango has opened its first bricks-and-mortar store in India. The Delhi store at Select Citywalk has been opened in conjunction with Mango’s business partner Myntra, which already looks after its online business in India. A second store will launch at Mumbai’s Phoenix Mall next month and will be followed...

Ted Baker’s group revenue has risen 14% to £295.7 million after retail sales grew by 13.9% to £217.7 million. Ted Baker founder and chief executive, Ray Kelvin said: “The Ted Baker brand has continued to perform well and in line with our expectations across all distribution channels. This good performance reflects...