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Sportswear retailer JD.com posted strong figures for the full year of 2016, totalling $37.5bn. The figure is a 44% increase on the performance of the company in the previous year, with much of the improvements being attributed to the ecommerce marketplace. Sales in the department rose by 66% marking the...

The 12-month period up to 28th February saw solid growth for Gear4music. The musical retailer saw a total growth of 58%, with sales in the UK growing by 34% and Europe by 124%. The company now expects to surpass its annual profit expectations. Chief executive Andrew Wass, stated that “as...

Retail group Steinhoff International announced that they have boosted total revenue by 45% in the first quarter of their financial year. In the final three months to December 31st, the company amassed revenues of €5.3bn, much of which was attributed to the performance of Poundland. When combined with revenue from...

Mike Ashley has declared that his move to acquire lingerie brand Agent Provocateur has been completed. The Sports Direct owner fought off competition from private equity firm, Lion Capital to finalise the deal, which is estimated to have cost between £25-30m.  It follows Ashley’s move to establish the brand as...

Supermarket giant Sainsbury’s have been named the best supermarket in the world for sustainable seafood, according to the Marine Stewardship Council (MSC). The annual supermarket league table counts more than 300 fisheries in 30 countries, with the rating in part coming from the amount of MSC labelled in-store. The company...

Jimmy Choo have seen a substantial increase in revenue during 2016, despite facing declining figures in the first half of the year. Like-for-like sales decreased by 0.8% in the first half, but a much improved fourth quarter saw sales improve by 5.4%. Chief executive of the brand, Pierre Denis, said...

Lingerie retailer, Agent Provocateur is set to fall administration today and may be sold to Sports Direct with immediate effect. The deal has been seen as somewhat controversial and has raised fears over up to 600 jobs which could be lost in the changeover. Owner Mike Ashley has previously announced...

Ecommerce company Zalando, expects earnings before interest and taxes for the coming year to increase by a 5-6% margin, following a similar growth in 2016. Total revenue for the company is expected to grow by 20-25% in the same period, after increasing their revenue by 23% the previous year. Zalando...

The Co-Operative Bank was put up for sale previously, and now Virgin Money have declared that a takeover bid for the company would represent a good ‘strategic opportunity’. Virgin however, have not made an offer for the bank as they consider their options over the move, after posting positive trading...

Phillip Green, the former chief executive of British Home Stores (BHS) has come to an agreement worth £363m for the pensions of its employees. They will be able to either join the new scheme or receive a pay-out from the PPF. Due to the resolution Green has been able to...