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Luxury fashion retailer Burberry has paid £7.9 million to Christopher Bailey for his first year as chief creative and chief executive officer, even though his salary has been previously brought into question by shareholders.Both Mr Bailey and previous CEO Angela Ahrendts, who has been named as the highest paid woman...
It has been reported that for the sixth quarter in row, Sainsbury’s sales have dropped in what they say is a “highly competitive” market.Figures show that like-for-like sales decreased by 2.1% (excluding fuel) and total sales fell by 3.7% including fuel in the 12 weeks to June 6th.In May, Sainsbury’s...
Retail sales were flat on a like-for-like basis in May compared to the same month in 2014 when they increased by 0.5% year-on-year. On a total basis, sales rose by 1.1% against a 2% increase in May last year.The figures, published by the British Retail Consortium and Nielsen, show that...
Games Workshop has said that profit for the year to 31 May 2015 will be in line with market expectations while retail and trade sales will see a small decline.The retailer, which runs over 400 shops, said it had experienced modest sales growth at constant currency in its core trade...
In a report today (9th June) Heather Mills is teaming up with health retailer Holland & Barrett to open her first VBites vegan café in the flagship store in Chester. VBites in Chester will be the third café as there are already two others, a test kitchen in New York and...
It has been announced that Boots are cutting 700 jobs in their UK-based offices, due to the merger with US firm Walgreens which happened at the end of 2014.Boots have said that they would do their best to redeploy, retrain and offer redundancy to the people affected by the job...
Discount supermarket Lidl has been revealed as the highest spending grocer when it comes to TV and press advertising for a third consecutive month.Lidl, which spent £5.1 million last month, 320% up on last year, was ahead of competitors such as M&S, which spent 131% more on advertising. Mike Watkins,...
Halfords has racked up annual sales of £1 billion a year ahead of expectations, after its ‘getting into gear’ transformation strategy continues to progress.In the 52-week period to 27th March 2015, Halfords saw like-for-like growth of 7% after an 11th quarter of consecutive growth. The group said that this was...
It has been reported that Tesco is considering spinning off its South Korean operations as part of a wider plan to offload its Asian assets.The supermarket is understood to have hired HSBC to work on the sale of its 400 South Korean stores, according to Reuters, which could be worth...
It has been a great 12 months for the UK’s biggest pet shop group, Pets at Home as they announce a 10% increase in full-year earnings as well as the opening of 25 extra stores over the next year.Figures show that sales at stores have increased by 4.2% which include...
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