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The British Retail Consortium has announced that it will be appointing Richard Pennycook to the board as chairman elect, becoming the new BRC chairman on February 1st. He will succeed current chairman Richard Baker who has held the post since July 2016. Commenting on the appointment, BRC chief executive Helen...

The supermarket has commissioned a review of staff in 18 of its stores, in an effort to streamline its operations, whilst adding that staff at an additional 59 stores may be relocated to different areas of the store. A spokesperson for Asda said, “We are currently in discussions with a...

Consumer confidence has jumped to its highest level in six months, despite still being lower than those seen before the Brexit vote last June. 42% of the 55 big UK retailers surveyed said sales had improved in the year to September, whilst consumer prices rose by 2.9% in the year...

Paddy Earnshaw has been announced as the new chief marketing officer at House of Fraser starting on the October 30, after working as chief customer officer at Doddle for the past three years. Speaking on the announcement, Alex Williamson, House of Fraser chief executive, said “Paddy brings a wealth of...

Retail sales hit a two-year high in September according to the latest survey from the CBI, with figures showing the highest reading since September 2015. Inflation rose to 2.9% in August, above recent average wage rises, which means real wages are still falling. The numbers were suggested to signal resilience...

After investing in new stores and developing its British chocolate making capabilities, luxury chocolatier Hotel Chocolat announced pre-tax profit climbed by 100% to £11.2m while revenue increased by 12% to £105.2m in the year to July 2nd. During the period, the company opened new 12 new stores taking its total...

The department chain saw its total sales increase by 6.5% year-on-year last week to £87.3m, electrical and technology sales in particular had improved performances due to an Apple product launch. Fashion sales also rose driven by sales of cold weather clothing with menswear and women’s accessories categories also performing well....

In the six months to August 31, revenue at online fashion retailer Boohoo rose by 43% to £181.8m whilst revenue at its newly-acquired Pretty Little Thing rose by 289% to £72.7m. The company reported that total pre-tax profit climbed by 41% to £20.3 million whilst revenue increased by 106% to...

The UK arm of the supermarket announced a 17% fall in profits for the third consecutive year, despite a 13.5% leap in sales to £8.74bn. Aldi has experienced rapid growth in the UK, overtaking the Co-op this year to become the fifth largest chain. Chief executive of Aldi, Matthew Barnes...

The Harvey Nichols department store chain’s chief executive Stacey Cartwright will be stepping down from her role, in order to take up the role of deputy chairman. In her new role, Cartwright will be able to oversee the continued evolution of the Harvey Nichols brand, which will now be led...