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Furniture and flooring retailer ScS has bolstered its burgeoning growth plans with a number of senior management appointments. The group has appointed Chris Muir as its new chief financial officer, who will also have responsibility for IT, business reporting and company secretarial matters. Kevin Royal, formerly the group's sales director, has...

Amazon has reported a leap in sales of 28% for the first quarter, leading to a profit of $513 million (£351 million). The results were better than many analysts had predicted. The rise was helped by better sales of the Kindle e-reader, Fire tablets and its Prime delivery and TV service. However,...

Shop Direct’s online luxury site veryexclusive.co.uk has said that it has signed up a number of premium brands to add a new menswear section to its site for autumn/winter 2016. The company has installed former ASOS premium menswear buyer Adam Jagger to lead the new menswear offering, which will focus...

The British Fashion Council has rebranded its annual awards from the British Fashion Awards to The Fashion Awards in order to celebrate both British and international fashion. This year, the awards will take place at a charity gala this December at the Royal Albert Hall in partnership with Swarovski. Last year’s...

Home Retail Group has said that annual profits have dropped 28%, hit by a “disappointing” performance from its Argos chain. A “goodwill impairment charge” of £852 million also hit the company’s profits, as part of the group’s agreement to sell Argos to Sainsbury’s. Profits were flat at Argos, although HRG insisted that...

The latest Retail Employment Monitor from the British Retail Consortium has shown that jobs in retail have declined 0.9% for the first three months of 2016. This is the largest decline since 2014. The amount of full-time employees in non-food roles showed an increase, but in the food sector job numbers...

Online fashion retailer Boohoo has seen a 40% rise in annual revenue, with strong growth across all geographic regions. Mahmud Kamani and Carol Kane, joint CEOs, commented: "We are pleased to report a year of strong revenue growth across all geographic regions. Active customer numbers, order frequency and conversion have all...

Asda has said that it will overhaul its price promotion strategy after being criticised by the competition regulator. The Competition and Markets Authority (CMA) has asked a number of supermarkets to review their promotions and agreed specific changes with Asda. After a ‘super-complaint’ from consumer group Which? in 2015, the CMA has...

Apple has reported a drop in revenue for the first time in 16 years as iPhone sales fell for the first time in the product’s history. The company saw sales drop 13% in the three months to the end of March. Chief executive Tim Cook partially blamed “strong macroeconomic headwinds” including the...

The Chinese company which owns House of Fraser is reportedly in talks to sell a stake in the business to Hong Kong-listed shoe retailer C. Banner which owns Hamleys. In a statement on the Hong Kong stock exchange, House of Fraser’s Sanpower said that it was exploring a "cooperation arrangement" which...