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Fashion retailer Ted Baker has announced an annual pre-tax profit rise of 20%, boosted by its international performance. In the year to 30 January, total group revenue rose by 17.7% to £456.2 million while retail sales climbed by 13.5% to £348.4 million. Sales in the UK and Europe rose 8.9%, although...
It has been reported that Walmart-owned Asda is to cut 750 jobs across stores and head office as part of its ongoing cost-saving initiative. According to reports in the Guardian, the Project Renewal plan will see the closure of staff canteens in stores as well as additional services such as photo...
Estée Lauder has announced the launch of a new campaign aimed at the new generation of social media-savvy customers. The Estée Edit, which will be sold through Sephora in the US and Canada, is headlined by influencers and models Kendall Jenner and Irene Kim. Juliet Carnoy, marketing manager at visual marketing...
It has been reported that three Waitrose stores will be trialing a ‘scan as you shop’ mobile app to try and make checking out easier for customers. The trial will take place in shops in Meanwood, Milngavie and Clapham Common as shoppers will be able to scan the items barcode using...
Online retailer ASOS has been ranked top in a digital customer experience study, assessing every part of the digital experience from the homepage, to purchasing items and after sales care. The study which covered the festive trading period, ranked ASOS top due to its “inspirational” homepage and “exceptional” site navigation and...
Unemployment in the UK has fallen by 28,000 between November and January to 1,68 million according to new figures released by the Office for National Statistics. The unemployment rate was 5.1%, lower than for a year earlier (5.7%) as it remained at a decade-low rate. Meanwhile, the employment rate is 74.1%,...
Drinks firm Fever-Tree has said that global demand has boosted its profits to £16.8 million in the year to December 31st 2015, up from £2.5 million the year before. Executive deputy chairman Charles Rolls said that the success of the firm was due to customer demand for premium mixers to complement...
Italian spirits group Campari has agreed to buy French cognac brand Grand Marnier for EU684 million. In a statement, the world’s sixth-largest spirit company said that the acquisition “perfectly” fitted with its growth strategy and it is expected to position the larger group well to take advantage of the resurgent interest...
The British Retail Consortium has warned the Chancellor that the “economic health of our nation is intrinsicly locked into the vibrancy of the retail industry” ahead of the budget this morning. In an open letter to George Osbourne, chief executive of the BRC Helen Dickinson said that, just as the retailer...
Shares in online grocer Ocado were up this morning after the company announced that it had maintained double digit sales growth and shipped 250,000 orders in a single week for the first time. In the 12 weeks to February 21st, Ocado saw average orders per week grow 16.9%, leading to...
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