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New figures have shown that UK retail footfall was 2.1% lower in November compared to the same month last year. The data from the British Retail Consortium and Springboard in their monthly footfall monitor shows that high streets and shopping centres saw further drops in footfall with respective drops of 3.4%...
It has been announced that Intidex, the company that own fashion retailer Zara, has seen its sales rise 16% year-on-year to 14.74bn (£10.6billion) in the first nine months of its financial year and remain positive about its prospects in China despite a fall in the economy. Inditex remain confident about its...
Greene King chief executive Rooney Anand has been appointed by Morrisons as a non-executive director and senior independent director. Anand joined Greene King as managing director of its brewery company in 2001 following a career with United Biscuits and Sara Lee. He was subsequently appointed as chief executive in 2005. Credited with changing Greene...
Supermarket giant Morrisons has slashed its petrol price to less than £1 a litre, saying that it hopes to keep the price at 99.9p for as long as possible. With the competition heating up towards Christmas between the other major supermarkets, Asda already cut its price for three days to 99.7p...
It has been reported that department store John Lewis saw its sales increase 3.5% year-on-year making its total sales £165.6million. As well as in store, johnlewis.com also saw an increase from last year of 13.6% and parcel deliveries rose 22.4%. Director of selling, north and new formats at John Lewis, Maggie Porteous,...
IKEA has reported that its full year total sales have increased by 11.2% to €31.9 billion. Together with the rental income from its shopping centre business, total revenue amounted to €32.7 billion in the year to end August which marked a rise of 11.5%. Net profit rose by 5.5% to €3.5 billion...
The White Company has released figures suggesting that its full year profit to 28th March almost doubled from last year. The figures show that operating profit increased 97% to £12.8million from £6.5million in the same time frame as last year and its total sales rose 13.8% to £163.6million from £143.8million. The company,...
It has been reported that supermarket giant Morrisons will be raising its four pint fresh liquid milk from 89p to £1 and its Farmers range from £1.12 to £1.23 to support dairy farmers. Morrisons dairy director, Rick Bourne, said: “We believe that customers are now ready to pay a little extra...
Westfield will be opening 15 new stores in its London centres during December, bringing the number of stores opened, expanded or upgraded to nearly 100, during 2015. Westfield White City and Westfield Stratford have welcomed names including Lululemon, Belstaff and Rockar Hyundai during the year. “With Westfield London and Westfield Stratford City...
Dobbies, the garden centre chain that is part of Tesco, has reported that it has slumped £48million into the red. Figures show that after sales rose 8% to £153million in the 53 weeks to 1st March, it suffered a massive loss from a pre-tax profit of £6.6million the previous year after...
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