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Profits from the 6 months to February 28th rose by 2% on the same period last year, with the retailer amassing a total of £643m in this time. Like-for-like sales in its high-street stores fell by 3% however much of this was offset by an increase of 5% in sales...

International law firm Eversheds Sutherland have landed a key role working with fashion brand Jaeger during their administration process. The directors of the brand appointed administrator yesterday, after being unable to find a buyer for the business, and in the process putting its 46 stores and 63 concessions as well...

According to the latest data research by PwC for the Local Data Company, stores in Scotland closed at a faster rate than anywhere else in the UK. The study showed that 366 stores had closed in 2016, whereas only 254 new ones opening leading to a net drop of 3.44%....

UK retailers saw sales drop for the third consecutive month in a row, with analysts suggesting that the rise in living costs in the wake of Brexit continues to have a significant impact on consumer spending. Sales in March were said to be down by 1% when compared to last...

Popular Canadian café Tim Horton’s is set to expand its operations into the UK market, with the first store to be located on Argyle Street in Glasgow. The chain, owned by Canada’s Restaurant Brands International (RBI) last year set out plans to open locations nationwide within the next 12 months....

Fashion chain Jaeger have appointed Alix Partners as its administrators as it failed in a bid to find buyers for its 46 stores. The company has failed to turn a profit the firm was purchased in 2012 by private equity veteran Jon Moulton. As a result of its administration, 680...

The Competition and Markets Authority (CMA) have announced they will launch a formal investigation to the proposed merger deal between Tesco and wholesaler, Booker. Worth £3.8bn, the move was announced at the end of January sparking objections from many competitors who suggested the move would give the supermarket too much...

Bidders for the ethical beauty chain Body Shop have this week come forward to table their potential offers, with investors ranging from private equity firms to trade buyers such as South Korea’s CJ Group, a media, home shopping and pharmaceuticals conglomerate. The Body Shop currently has over 3,000 stores across...

Payment card company Visa suggested that growth in spending in the first quarter had seen a significant slowdown, up by only 0.9% year-on-year. This marked the lowest increase seen since late 2013 and adds more concerns over the long-term impact that Brexit and the subsequent economic uncertainty will have in...

Flash sale website MySale has bought the Australian gifts retailer, Identity Direct out of administration. The website, which is backed by both Arcadia owner Sir Phillip Green and Sports Direct owner Mike Ashley, paid £1.6m for the retailer. Speaking on the reasons behind the deal, MySale chief executive noted that...