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Hornby set to return to profit About 10 years ago

Model train maker Hornby has said that it will report its first annual profit in three years, as improvements in its supply chain saw sales growth in the January-to-March period improve "significantly”.In a statement, the company said that sales are expected to grow 13% in the financial year to the...

Amazon doubles minimum spend on free delivery About 10 years ago

Customers of online retailer Amazon are now required to spend a minimum of £20 to qualify for the website’s free ‘super saver’ delivery service, double the original spend, in a move widely seen as pushing customers towards its Prime next day delivery subscription service.The site introduced the £10 minimum spend...

McDonald’s announces global restructuring plans About 10 years ago

The world’s biggest restaurant chain, fast-food giant McDonald’s, has announced a massive restructure of its business aimed at increasing the amount of franchised restaurants worldwide. The moves will include removing management layers to streamline the reporting structure with “hard-edged accountability”.The news came as British chief executive Steve Easterbrook said that...

DKNY appoints new creative directors About 10 years ago

DKNY is appointing retailer Public School’s Maxwell Osborne and Dao-Yi Chow as their new creative directors. The new appointment is a bid to keep up with shifting consumer tastes and to connect its brand with the younger generation.The announcement follows the New York based fashion retailer’s use of celebrity names...

Sony says profits “will quadruple” About 10 years ago

Japanese electronic goods firm Sony has said that its operating profit is likely to more than quadruple as sales of gadgets such as camera sensors and cost-cutting measures across the business take effect.Despite the fact that operating profit will be lower than analysts had forecast, the rise will mean that...

Sainsbury’s chief executive sentenced to jail in Egypt About 10 years ago

The chief executive of Sainsbury’s, Mike Coupe, has been sentenced to two years in jail by an Egyptian court, following accusations of embezzlement relating to a joint venture between the supermarket and a local businessman 14 years ago.Sainsbury’s has refused to accept the ruling, saying that the charges relate to...

Greggs continues to see strong results About 10 years ago

Bakery chain Greggs has continued to see a strong trading performance in the first four months of the year, with a 5% rise in sales driven by both service and product initiatives.Greggs, which has an estate of 1,650 outlets throughout the country, added 24 new shops in the period and...

Radley appoints new chief executive About 10 years ago

Handbag and accessories maker Radley has appointed Justin Stead as their new company CEO to start May 6th.Mr Stead was previously CEO of Aurum Holdings, with responsibility for its portfolio luxury jewellery and watch brands Watches of Switzerland, Mappin & Webb and Goldsmith.During his time there, at the height of...

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