Browse all articles

Argos has become the first British retailer to offer same-day delivery across the UK.  The Fast Track service will operate seven days a week, 364 days a year.The Home Retail Group (HRG) owned retailer has recruited nearly 3,300 extra drivers to deliver the service, which offers customers four home delivery...

Yum Brands, which owns food chains Pizza Hut and KFC, has seen shares fall by more than 17% after it reported poorer-than-expected results in the three months to September 5th and cut forecasted growth in its key Chinese market.The firm blamed a stronger US currency against the yuan, but the...

Profits at the UK’s biggest retailer fell by more than half in the first half of its financial year, according to its latest figures. Life-for-like sales were down by 1.1% and the group warned that trading conditions remained challenging as profits dipped from £779 million to £354 million a year...

Sports Direct has entered an agreement to buy the remaining shares of Irish department store Heatons. The sporting retailer already owns 50% of the company and is looking to buy the remaining shareholders out.Billionaire football club owner Mike Ashley who founded Sports Direct said the company has have entered a...

Greggs has reported that sales for the July-to-September period were stronger than expected as daily deals continued to bring in customers.The bakery chain’s like-for-like sales were up by 4.9% during the quarter compared to the previous year.Greggs said it would continue to benefit from "low cost pressures and a stronger...

Clothing brand Fat Face is negotiating with Portsmouth City Council to acquire a new distribution centre at Dunsbury Hill Farm in Havant.The new distribution centre will provide up to 120,000sq ft of working space to support the business’s plans to grow, whilst ensuring continued employment of distribution staff who play...

HMV is continuing with its international expansion, just two years after falling into administration. The rapid comeback has seen the music and entertainment retailer open 14 stores this year, with three more planned in before Christmas and the brand’s first store in Dubai planned for next year.Having sunk into administration...

Shirt-maker Austin Reed has seen losses widen in the wake of a turnaround plan that resulted in the closure of 31 stores. The company is expected to close more loss-making shops in the near future as it trims its store estate to get back into profitability.In the year to January...

Supermarket Sainsbury’s has been contacted by the Financial Reporting Council (FRC), the UK’s accounting watchdog, questioning the company’s reporting of supplier income disclosures.It is understood that approximately one third of companies whose accounts are reviewed by the watchdog are contacted with follow-up questions under new, tougher regulations. This follows the...

It has been revealed that ambulances were called to a Sports Direct complex in Derbyshire dozens of times in the past two years, according to the BBC.Many of the calls involved “life threatening illnesses” according to the report.A total of 76 ambulances or paramedic cars were dispatched to the distribution...