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Department store John Lewis has announced that its sales increased 8.7% year-on-year last week as shoppers look ahead as the weather starts to turn warmer and Easter approaches. Figures show that fashion sales grow 5.3% with menswear coming out on top as well as a rise in sales of warm weather...
It has been reported that fashion retailer Michael Kors will be launching a new wearable technology accessories line this autumn. The first product to come out will be the Michael Kors Access display smartwatch which was shown at the Baselworld 2016 tradeshow. The watch which is powered by Google’s Android Wear...
DFS saw its gross sales climb by 7% to £461.3 million in the first half of its financial year as its growth strategy remained on track. In the 26 weeks to 30 January, EBITDA rose by 12.3% to £31 million. Ian Filby, DFS chief executive said: "I am pleased to report continued...
The owner of B&Q and Screwfix, Kingfisher, has reported a 20.5% fall in full year profit as the group carries on with its turnaround plan. In the year to 31st January, statutory pre-tax profit fell to £512 million from £644 million in the previous year although adjusted pre-tax profit edged up...
Supermarket giant Tesco has reported that ex Samworth Brothers CEO, Lindsey Pownall will be joining its board as a non-executive director starting on the 1st April. Ms Pownall brings a wealth of experience in the food, grocery area having previously held the position of chief executive of chilled and ambient food...
Naked Wines, Majestic Wine's online crowd-funding platform, has reached a record £100 million in sales since 31 March 2015, the start of the current financial year. The company said its drive to deliver its 'angel' customers with exclusive direct access to independent winemakers through divisions in the UK, Australia and USA...
It has been announced that luxury fashion retailer Jimmy Choo saw its full year revenues increase by 7.2% on a continuous currency basis with solid demand in Japan and Asia. Figures show that full revenue increased to £317.9million and adjusted EBITDA grew 1.5% to £51million in the year to 31st December. Chief...
Following the launch of a new store in The Centre shopping centre in Livingston, Scotland, the SUBWAY brand has reached the milestone of 5,000 stores operating in Europe. With the first SUBWAY store opening in the UK and Ireland in 1996, the brand launched 300 stores in 2015 and now has...
McArthurGlen, Europe’s leading designer outlet group, has announced the appointment of Susannah Bosanquet to the new role of director of communications & PR. The announcement comes as McArthurGlen embarks upon a record period of expansion which will see it grow its retail footprint by 50% in the next three years. The company,...
Sainsbury’s has offered £1.4 billion for Home Retail Group, following its South African bidding rival pulling out of the process. The British supermarket had previously been engaged in a standoff with Steinhoff International, which decided ultimately to pull out of the process with just over two hours until the deadline. In...
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