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Luxury brand Mulberry has announced that it is ahead of its expectations for its full-year profits due to “conscious efforts made to control costs”.Mulberry said that revenue for the year ended 31st March will be in line with the expected amount of £148 million compared to £163 million the year...
Department store Debenhams has appointed previous chief executive of Home Retail Group Terry Duddy as its non-executive director.At present, Mr Duddy is a non-executive director of Hammerson and chair of the Retail Trust and has previously held senior positions at Dixons.Nigel Northridge, chairman at Debenhams said "We are delighted to...
Majestic Wines has acquired customer-funded online wine business Naked Wines for £70 million, setting up its founder Rowan Gormley as CEO of the whole group.Majestic said that the acquisition creates a “significant strategic opportunity” for both businesses by combining Naked Wines’ online and e-commerce strengths with Majestic’s national store network.Majestic...
Online fashion retailer Missguided has seen an increase in revenue by 69% to £86 million. The rise in the year to the end of March followed a record 3.5 million orders through the site.Missguided said trade has improved following the launch of two exclusive collections; a collaboration with pop star...
Technology giant Samsung has announced that it has formed a partnership with luxury department store Harrods to take over the shop’s display front until April 24th.The Experience Innovation event will start this Friday and Samsung will be showcasing some of their products including Galaxy S6 and S6 edge which will...
The Co-operative Group has announced that it is back in profit after the near-collapse of its bank, as it emerges from the “rescue” phase of its turnaround.In the year ended January 3rd, the formerly troubled group posted a net profit of £216 million for 2014, compared to a loss of...
Data from Kantar Worldpanel claims that German supermarket chain Aldi has overtaken Waitrose to become the sixth largest grocer in the UK.Aldi now has 5.3% of the market, according to the figures, compared to John Lewis-owned Waitrose’s 5.1% of the market, despite a market-beating sales rise recently.Aldi now has the...
John Lewis Partnership has announced plans to expand internationally.The department store chain will open outlets within 11 branches of SM Retail and Our Home department stores in the Philippines which will be between 300 and 1,000 square feet in size.The new outlets, due to open this summer, will follow in...
Retail giant Selfridges and the Mexican Tourist Board have joined forces to host ‘Welcome to Mexico’ at London’s Oxford Street store as part of the ‘Year of Mexico’ at the department store.The event will feature cooking demonstrations, guest chef takeovers and samplings in the food hall. The event will take...
In a report released today, the British Retail Consortium (BRC) has said that the supermarket price war is behind shop prices plummeting last month – the fastest fall since records began in 2006.Figures show that prices decreased in March by 2.1%, compared to last year, with food prices decreasing by...
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