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B&M, the discount retailer has reported its group revenue rose 25.8% to £930million in the first half of the financial year, plus an 18.6% increase in core earnings. Figures show that B&M opened 47 new stores and sales rose 1.2% over a year, whilst the company are on track to open...
Urban Outfitters has announced that it will be acquiring Philadelphia-based pizza restaurant chain Vetri Family Group. Richard Hayne, Urban Outfitters' boss said: "Spending on casual dining is expanding rapidly, and thus, we believe there is tremendous opportunity to expand the Pizzeria Vetri concept." In a statement Marc Vetri, founder of the Vetri Family...
It has been reported that Swedish furniture giants IKEA is in talks to take up space in the BHS department store, situated at 252-258 Oxford Street. The smaller outlet within the department store will be an “order-and-collection” point, the same as the one that opened in Norwich recently and a second...
Wine specialist, Majestic Wine has reported that it aims to reach a £500 million+ sales target within the next four years, despite profits being halved to £4.3 million. The company is planning to deliver “sustainable, volume led earnings growth and improved return on capital” and will concentrate more on new customer...
Budget airline Easyjet has announced its fifth consecutive year of record profits, as passenger numbers increased. Annual profits at the airline, which has just celebrated its 20th birthday, jumped 18% to £686 million whilst total revenue increased by 3.5% to £4.7 million. Commenting on the results, Carolyn McCall, easyJet Chief Executive said: "Our...
Speke-based discount chain B&M has opened a record 47 stores in the past six months, boosting sales by 26.8% to £930.3 million and sending pre-tax profits soaring to £66.73 million, compared with a pre-tax loss of £16.45 million the year before. Chief executive Simon Arora said: “Our unique retail model continues...
Due to the second warmer autumn in a row, fashion retailers are already giving discounts on coats and knitwear. Figures show that in the week to November 8th, retailers suffered a 6.6% drop in sales compared to the same period in 2014. Retailers such as Debenhams are offering up to half price...
It has been reported that budget supermarket Lidl is to give 150 of its 629 stores a face lift to include customer toilets, self-checkout tills and baby changing facilities. The investment, costing £1.5billion will also see around 40-50 new stores opening a year an increase from the 30-40 that were previously...
Lidl and Aldi have plans to open 171 stores between them in the coming months, according to sources, putting pressure on the ‘Big Four’ retailers. According to the Sunday Telegraph, Aldi has filed planning applications for 93 new supermarkets, whilst Lidl has filed 78. This compares to just 29 applications combined...
Apple is working on a person-to-person payments service that may put it in direct competition with PayPal. The company is in talks with banks about the new service, which would let iPhone users use their smartphones to transfer money to one another as easily as they send messages. The service, which...
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