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The new owner of department store chain BHS, Retail Acquisitions, has appointed Aidan Treacy as its new chief financial officer. Mr Treacy, described as a “turnaround expert” was most recently an associate director at Essendon Group, and spent four years as finance director of European food company Unigate. “Joining the already strong entrepreneurial team at Retail...
It has been reported that SuperGroup, owners of Superdry have seen increasing profits due to a wider range and stronger infrastructure. Figures show that the groups revenue hit £254.7million, a rise of 22.3% in the 26 weeks ending 24th October. Figures have also revealed that retail sales rose 17.2% in comparison...
Despite a “broadly flat market”, electrical retailer Dixons Carphone has reported impressive profits enhanced by white good sales. In the 26 weeks leading to 31st October, like-for-like revenue rose 5% and market shares increased 31% in the UK and Ireland, whilst the company has reached 200,000 subscribers. Contributing to the company’s profit...
UK fashion retailer, Ted Baker has decided to buy its headquarters in Kings Cross London, known fondly as "The Ugly Brown Building". Ted Baker paid £55.25 million for the deal, plus £3 million in stamp duty and other costs for the 25,347 sq ft premises. It said that buying the building...
Bonmarché has confirmed that Beth Butterwick, its chief executive will step down to head up Karen Millen after four years. Ms Butterwick will continue in her post at Bonmarché until a new chief executive is appointed to ensure a smooth transition. Bonmarché chairman John Coleman said: "On behalf of the board, and all our...
Habitat has announced it is launching a new e-commerce platform to broaden its online customer experience. The platform has been built on the Magento Enterprise Edition platform after the company saw a 35% increase in traffic and figures show that more than 50% of customers are using tablet and mobile devices. It...
High street stores are set to discount stock by huge amounts to tempt Christmas shoppers as the retail industry struggles to shift its winter stock due to the mild weather. Figures show that discounts at the moment are around 41.8% and will reach 45% by the weekend. Consumer business partner at Deloitte,...
Dixons Carphone is launching an “emergency service for the connected world” to help customers maintain their home electronics. The electrical and telecommunications retailer is seeking growth in the face of continued competition from rivals such as Amazon. The ‘home gadgets’ emergency service will give customers the chance to have their home...
Private equity firm Cinven has bought luxury footwear retailer Kurt Geiger for £245million. Cinven, which previously owned restaurant chain Pizza Express as well as bookmakers William Hill and gym chain Fitness First beat the likes of Lion Capital, previous owner of Jimmy Choo to win the business as it plans to...
Kantar Worldpanel has revealed that total UK grocery market sales increased by 0.1% in the 12 weeks to 6th December in comparison to the same time the previous year. Head of retail and consumer insight at Kantar Worldpanel, Fraser McKevitt, said: “Although slow growth means a distinct lack of seasonal cheer...
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