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Brighton Pier, one of the south east’s most famous landmarks, has been bought by former Pizza Express entrepreneur Luke Johnson for £18 million. Eclectic Bar Group has entered into a conditional agreement to buy the Grade II* listed Palace Pier from the Noble Group which had originally offered it up for...

It has been reported that Bonmarche, the women’s fashion retailer, has seen a slight increase of 0.5% in its like-for-like sales in its fourth quarter, compared to a decrease of 3.3% the previous year. The figures show that the total sales increased 5.2% in the 13 weeks to 26th March. Chief...

Etailer ASOS has announced that it is to remove its operations in China as the company found the business to be too costly, although it will continue to serve its customer base in the country via ASOS.com. The company will close its Mandarin website and Nick Beighton, chief executive noted that...

Chief executive of the Co-operative Group Richard Pennycook has requested a “substantial” pay cut as his company reported a slump in pre-tax profits for 2015. In the year, food like-for-like sales grew by 1.6%, with like-for-like volumes up 5%. The core convenience business also grew ahead of market after investment...

Supermarket group Sainsbury’s has announced that it is to drop its Brand Match scheme and focus instead on everyday deals on basic products. According to reports, the supermarket will drop the scheme, which has been hit by a change in shopping patterns meaning it applies to less than a fifth...

Fashion retailer H&M has reported its first quarter profits has suffered due to the recently poor weather. Figures show that the retailer’s pre-tax profit was $410 million for the three months to February compared with £580 million for the same time the year before. Karl-Johan Persson, CEO, said: "Profits in this year's...

The chief executive of M&S, Steve Rowe, has said that his company’s performance “remains unsatisfactory” when it comes to clothing and home. In a mixed performance, food sales continued to outperform the market, with sales up 4%, growing market share to 4.3% and with the company’s new store opening programme performing...

Homeware retailer Dunelm has said that its plans for growing the business are paying off, with increased market share and continued growth online. The company paid shareholders £63.9 million in dividends as “strong underlying sales growth” in the third quarter saw revenues increase 5.9% to £229 million. Total like-for-like sales also increased...

Mamas & Papas has launched a new concept store at the Westfield London shopping centre. The store is designed to attract millennials. The store, designed by Dalziel & Pow, intends to deliver a digitally-enhanced, full-service shopping experience to inspire and support young families as they navigate the world of parenting. The interior...

Topps Tiles has announced that it has seen a rise of 4.7% in like-for-like sales in the first half of its financial year and a 4.9% rise in its second quarter. In the 26 weeks to 2nd April, total revenues were £108million in comparison to £104million the previous year. The company said...