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The new chief executive of M&S, Steve Rowe, has announced changes to the top level management of the company, halving the number of directors involved in decision making at strategic level barely a month into his tenure. Those leaving include head of kidswear and home director, Stephanie Chen; store environment and...

UK independent Steamer Trading Cookshop has announced its obtaining total shares of Kitchens Catering Utensils Ltd and its three stores located in Cardiff, Bath and Bristol will join the Steamer Trading estate as well as its online ecommerce platform. The staff at Kitchens’ will stay put and join Steamer Trading’s payroll,...

Sportswear brand Adidas has ended its sponsorship of Chelsea football club six years early. The German firm, which has sponsored Chelsea since 2006, will end its partnership with Chelsea on 30th June 2017. As a result, Chelsea will have to pay the company tens of millions of Euros in compensation,...

Fashion retailer SuperGroup, owner of Superdry, has revealed its full year revenue increased 21.1% to £589.5million. In its fourth quarter to 23rd April figures show that the retail division grew 24.5% with like-for-like sales increasing 11.3%, with pre-tax profit for the year to be between £72.5million - £74million. Other figures show that...

It has been reported that Gear4Music, the online musical instrument retailer’s sales rose 46% in the year to 29 February. Figures show that revenue in the UK increased 39% to £26million and revenue in Europe grew 73% to £9.5million, whilst pre-tax profit was £0.6million in comparison to a £0.6million loss in...

Since going into administration two weeks ago, 88 year old department store BHS has had multiple offers to purchase some or all of the business. Potential buyers for all of the business include Edinburgh Woolen Mill, Sports Direct and Preston-based millionaire property owner Yousuf Bhailok as well as potential buyers for...

Gap shares fell to their lowest level in four years following the announcement that the fashion retailer will miss its first quarter profit expectations. The clothing giant said that quarterly like-for-like sales fell 3% at Gap, 11% at Banana Republic and 6% at Old Navy, due to softer than expected traffic...

Tesco is to open in Spain in conjunction with Europe’s biggest department store, El Corte Ingles. The two companies are also partnering in the UK with a trial which currently sees El Corte Ingles selling a range of 50 products in five Tesco stores across in London. This is set...

Jewellery brand Pandora has seen a 30% rise in UK revenue for the first quarter. A combination of new collections as well as continued improvement on the sale of charms contributed to the rise. In the past year, the company has added 40 new concept stores, bringing its estate to...

It has been announced that Westfield Stratford City has been selected as the launching pad for Ikea’s new, smaller format store in London. The new store is expected to open in summer 2016 and its new “Order and Collection Point” will be a first for the home furnishing retailer. The store will...