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Almost 3,000 directors from over 50 FTSE 100 companies have declared their support for the UK’s ‘remain in Europe’ campaign as the country goes to the polls. In an open letter published in The Times, signatories including Marks & Spencer CEO Marc Bolland, Asda CEO Andy Clarke, Virgin Group founder Richard...

Supermarket chain Tesco has delivered a second quarter of positive sales growth, signaling a resurgence for the company. In the 13 weeks to the end of May, group like-for-like sales increased 0.9% and UK like-for-like sales were 0.9%. This was driven by new, exclusive fresh food brands performing very well in the...

Debenhams has reported that despite “uncertain trading conditions”, group like-for-like sales increased a smidge by 0.2% in the third quarter and 0.7% leading to the 41 weeks for the same date, whilst online sales rose 7%. However, the department store also posted a 1.6% decrease in like-for-likes to the 15...

Fashion retailer Zara has announced a profit increase of 8% from its UK stores alone. Figures show that the brand posted a £535.2 million profit for the year leading up to 31st January and there was an 18% increase in gross profit to £58.3 million for the same period. The profits came...

My Local, the convenience chain sold by Morrisons for £25 million in September, has announced its intention to appoint administrators. The move, which may or may not see the company file for administration through accountancy firm KPMG, would put 1,650 jobs at risk across the 120-store chain. Greybull Capital bought the chain,...

Fashion retailer Joules has reported that its annual revenue has increased 12.7% to £131.3 million as the company sees a boost in international sales. Figures show that overseas turnover grew 24.7% to £13.2 million with a strong presence in North America and Germany, whilst wholesale revenue increased 17.6% to £37.2 million...

It has been revealed that in the next few months the shopping centre in Wood Green, The Mall will be introducing a bundle of new retailers. Retailers that will be joining the shopping centre include Choice the discount outlet which offers customers discounted clothing and accessories from high street stores like...

Lidl, Britain’s fastest growing grocer, has publicised its commitment to the National Farmers’ Union Fruit and Vegetable Pledge. The pledge will ensure that security for suppliers, price certainty, fair terms and elimination of waste is at the top of the retailer’s agenda. Lidl has worked closely with a number of its farmers...

It has been announced that Intu, the shopping centre operator and Queensland Investment Corporation have exchanged contracts as Intu paid £410 million to acquire the remaining 50% of the Merry Hill shopping centre. The estate was bought in 2007 by Queensland Investment Corporation, however in 2015 they decided to exit the...

Drinks retailer Majestic Wine has reported its full year results have stayed in line with the company’s three year transformation plan. Figures show that full year sales shot up 41.3% from £284.5 million last year to £402.1 million this year and profits before tax increase 74.5% year-on-year. With a positive performance,...