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It has been reported today that department store John Lewis saw its sales decrease 2.3% year-on-year last week due to one day less of trading. This was despite sales increasing 9.4% compared with the same week the previous year. Figures show that home technology and electrical sales rose 8.3%, especially in...
It has been reported that the Co-operative Group is looking to open a further 100 stores by the end of this year. So far this year, the Co-op has opened 12 new outlets in locations including Blackpool, London and Glasgow and said it has no plans to slow down. Rob Bignold, head...
Supermarket chain Waitrose has announced that for the first time since 2009 it is launching its own brand called ‘Waitrose 1’. The new brand brings all the other premium ranges together under one name. This includes ‘Menu from Waitrose’, ‘From Waitrose’ and ‘Seriously from Waitrose’. It is available in branches and...
Card Factory has seen full-year profits soar as market share continued to grow. In the 12 months to January 31st, pre-tax profit hit £83.7 million, up from £42.7 million in the previous year. This was driven by an expanded store portfolio and online sales channels, which grew market share. Improvements in...
B&Q has responded to an anonymous B&Q manager who set up a petition protesting against the company’s change in salary structures to accommodate the national living wage. The National Living Wage means every worker over the age of 25 must be paid at least £7.20 per hour. B&Q itself has brought...
TUI Group, which own brands Thomson and First Choice has reported that it has seen an increase in summer holiday bookings this year, especially from UK customers who have expressed an interest Spanish and long-haul destinations. After suffering a 40% decrease to Turkey due to the problems in Syria, the company...
Supermarket chain Tesco has reported that it is looking to get rid of its restaurant business Giraffe, after purchasing it in 2013 for £49 million. The plan was for Tesco to provide a full retail experience and noted that the combination would be an “opportunity to develop some of the space...
Budget airline Ryanair’s passenger numbers shot up by 28% in March, the fourth consecutive month of growth topping 25%. The company’s average plane load was 94% full, up from 90% the previous year and 80% in 2014. Although the figures may have been flattered by the timing of Easter, with more...
The price of groceries has fallen for the fourth month in a row, according to research from the mySupermarket.co.uk Grocery Tracker. The index has monitored the cost of the most commonly bought grocery items such as bananas, broccoli and onions on a monthly basis since December 2014. Managing director of mySupermarket, Kim...
The UK’s National Living Wage (NLW) has come into force, giving over 300,000 retail workers an immediate pay rise and costing retailers £3 billion by 2020. However, the British Retail Consortium has said that the actual costs are likely to be reduced by a narrowing of the differentials in pay for...
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