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The department store chain saw online sales climb by 7.2% whilst its home sales had a strong week with sales up 7.7% on the same week last year. Despite this, electrical and home technology sales were down 0.5% however sales of DIY home products, such as the Honda Petrol Ride...
In a deal worth £152m, value retailer B&M have acquired Yorkshire-based Heron Food Group. Heron, another discount retailer, operates predominantly in the North with 251 stores in its portfolio. Of the total deal, £112.1m was paid by B&M today, with £12.8m deferred and based on EBITDA performance. The remainder was...
The pace of food inflation has begun to slow, thanks to falling pressure from the Brexit-hit pound. According to data from retail industry data, food inflation in July slowed to 1.2%, after reaching a three-and-a-half year high in the previous month. The BRC-Nielsen Shop Price Index also showed the slowdown...
W H Smith has opened its first Italian store located at Torino airport. The store will offer Italian and international newspapers, magazines and books as well as digital products, toys, souvenirs, confectionery, drinks and WH Smith’s own brand travel essentials range. WH Smith international chairman Louis de Bourgoing said, “Securing...
McColl’s Retail saw a significant rise in its share prices as brokers suggested its new deal with Morrison’s could add 20% to sales and profits forecasts by 2019. Jonathan Miller, chief executive of McColl's commented on the deal saying, “This is a defining moment for McColl's and builds on the...
A privacy advocacy group has decided to file a formal legal complaint with the US Federal Trade Commission, asking for an investigation into Google’s in-store tracking algorithm to decide whether or not it protects the privacy of American consumers. The system allows the company to extend its online tracking capabilities...
There were 6,525 applications in England in the year to March, which was almost half the number in 2008/09 and 11% less than in 2014/15, said Lendy, which provides property finance and development loans. The Greater Manchester area saw the biggest fall in retail planning applications last year, according to...
Hiscox reported a 12.5% jump in pre-tax profit for the six months to the end of June, with pre-tax profits rising to £133.5m from £118.7m in the same period a year ago, as gross premium written increased to £1.5bn from £1.3bn. Despite this, factors including the impact of foreign exchange,...
The government are reportedly in talks with software providers to speed up business rates relief to small businesses, following the new tax regime which came into effect in April. Previously, they had promised financial support for small UK businesses hit by business rate hikes in March and have now set...
The British Retail Consortium research found that there were reductions in hours worked on both full-time and part-time contracts. April’s decline was the steepest of the three months but slower than the previous two months, however all three months of the quarter saw a decline in full time employment. Helen...
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