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The company saw profits remain steady with figures coming ahead of the year before and above expectations of £426m according to Reuters data. Véronique Laury, chief executive officer of the company, added that the company has “seen solid growth at Screwfix and Poland, offset by continued weaker sales in France...

The fashion department of the company saw an increase of 18.4% in the week, whilst home sales rose by 5.8% and electricals and home technology sales grew by 1.6%. The department store’s own brand womenswear category in particular saw a strong performance, as the new Eudon Choi x Modern Rarity...

The St David’s Partnership, owners of St David’s in Cardiff, one of the UK’s premier retail and leisure destinations, announced that designer underwear brand, Calvin Klein Underwear, will be launching its only standalone store in Wales this autumn. The 715 sq ft new CK Underwear store, located on the Lower...

The retailer announced that whilst its average orders per week had grown 16% up to 254,000, its average order size edged down by 1.2% to £106.25. Ocado's chief executive, Tim Stein said, "We are pleased to report another strong quarter of growth. Our industry-leading technology has continued to set the...

The largest toy store in the US, Toys ‘R’ Us, filed for bankruptcy protection in the US and Canada yesterday, becoming yet another large retailer to be affected by the rise of online stores and budget retailers. The announcement casts doubts over the future of the company’s 1,600 stores and...

Internet sales grew by 16.4% in August, signalling the best growth of the year for the expanding ecommerce industry. Sales for clothing saw a 17.9% increase whilst homeware items grew by 20.5% year-on-year. Despite this, electrical sales fell, marking the fifth consecutive month they have done so. Speaking on the...

Home furnishing retailer Dunelm has posted a drop in profits for the year to 1 July, seeing profit fall to £92.4 million from £128.9 million in the previous year. Total sales for the company grew by 8.5% to £955.6 million, whilst like-for-like sales also fell. Despite this, the retailer said...

According to the latest Visa consumer spending index, there was a 6.5% increase in online spending in August, while face-to-face in-store spending declined by 2.6%. This would suggest that there is a continuation in the trend of consumers moving away from physical stores tied in with the growth of ecommerce....

Halfords are to appoint Graham Stapleton as its new chief executive, starting in January 2018. Stapleton is currently chief executive of Dixons Carphone’s Honeybee software business, being thought to have played an integral role in the merger of Dixons and Carphone Warehouse. The company’s current chief executive Jill McDonald will...

The continued increase in inflation due to the devaluation of the pound is poised to cause an uplift in commercial property tax. Tom Ironside, director of business regulation at the BRC, added that, "it is highly questionable whether communities across the UK can afford a spike in business rates of...