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It has been announced that US food giant Yum Brands has seen sales drop for a fourth consecutive quarter in China.Yum, which owns KFC and Pizza Hut has seen revenue decrease worldwide by 3% to $3.1 billion in the three months to June 13th.Chief executive, Greg Creed said: "The China...
American retailer J.Crew is opening a chain of value stores to attract more customers, following in the footsteps of Gap’s Old Navy brand.J.Crew has struggled with its sales for a number of consecutive quarters and cut 175 jobs and senior positions as the firm came under attack for increased product...
Sports Direct has performed well, coming in just behind B&Q-owner Kingfisher in the FTSE 100 retailer’s pay league, with the average worker taking home £5,000 more even than at major clothing retailers.Marks & Spencer came third in the league, with an average wage of £16,900 whilst Morrisons beat its supermarket...
Ethical cosmetics and beauty retailer Lush has announced that it is to roll out free internet across its 105 stores in the UK.Subhash Sreedharan, global head of technology at Lush said “In Lush stores we are focusing on simplifying and enhancing the customer experience as well as encouraging shoppers to...
UK retail sales saw a 1.8% increase on a like-for-like basis against June 2014, according to the British Retail Consortium, the strongest growth in 18 months.Total Food sales grew again in June for the seventh month in a row, excluding Easter distortions, ahead of their 0.3% decline over the last...
The finance director of French Connection has announced he is to stand down having accepted a position at LSL Property Services. French Connection said that a search for Adam Castleton’s replacement is underway.Mr Castleton previously held senior finance roles in companies including O2, The Walt Disney Company, eBay, Polo Ralph...
Eurozone markets are lagging behind international markets in their attractiveness to retailers looking to locate their stores, says the ARCADIS Retail Operation Index. The index compares the ease of operating for retailers in 50 international markets. Hong Kong, Singapore and the USA lead the ranking, respectively, while Germany (7th place)...
Customers who used their cards to shop at the Co-operative’s stores on Tuesday may have been charged twice in a “processing error” which hit the company’s food stores and petrol stations. A spokesman said that customers would have the money returned to them within 24 hours. A spokesman for the...
Gunmen are reported to be holding several hostages in what French police are calling an attempted robbery in a Primark shop north of Paris.Police say about 10 people are inside shop at Villeneuve-la-Garenne after armed robbers are thought to have entered the shop at 6.30am this morning.At 7am one of...
A new survey by the Confederation of British Industry (CBI) has revealed that over half of employers fear that growth will be held back by skills shortages.The survey of 310 companies, which together employ over one million people, also said that two in three businesses (68%) expect their need for...
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