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Sandwich chain Subway has opened its 2,000th store in the UK and Ireland at the Jarman Leisure Park in Hemel Hempstead.Subway’s sustained expansion has included an average of five stores launching every week with the opening of over 260 stores in the UK and Ireland in the last 12 months.“The...
Ocado, the online grocery retailer, has announced it is expected to report its first ever profit in its annual results this week as sales almost reach £1 billion.During the last three months of 2014, Ocado saw a good trading period which City experts believe this is enough to get the...
John Lewis’s clearance sale ended last week with a 3% rise despite the bad weather, with standout stores such as Peter Jones doing really well. Online sales also did well with a rise of 15.9% which was supported by a 64% rise in mobile traffic.Areas that did well in sales...
It has been reported that Sainsbury’s is to join forces with catalogue giant Argos and open concessions to use unwanted space in its supermarkets. Ten concessions will be opened originally to test the success of the scheme.Sainsbury’s chief executive Mike Coupe said the Argos outlets would bring something “new and...
Amazon has reported it had weaker profits over the Christmas holidays, although a 15% rise in sales kept investors happy.In the last three months of 2014 Amazon made a net profit of $214 million (£142 million) a fall of $25 million on the same period in 2013. The news comes...
A new report from the Institute for Fiscal Studies has said that, despite the employment rate returning to its pre-crisis levels, wages remain well below their 2008 peak with men and younger workers hit the hardest.New analysis by IFS researchers shows that these changes have affected different groups in quite...
The British Retail Consortium BRC has said that UK retailers are on course to meet “ambitious” voluntary targets to reduce the direct environmental impact of their operations.In a progress update to its report a Better Retailing Climate (ABRC) released today, the BRC said that retailers are working in partnership with...
Carpet and floor coverings specialist Carpetright plc has announced its trading update for the 13 weeks to January 24th 2015.In the UK, like-for-like sales rose by 7.5% with a total sales increase of 6.6% and 1.7% in the rest of Europe which includes Netherlands, Belgium and the Republic of Ireland.Wilf...
McDonald’s boss Don Thompson who joined the company in 1990 as an electrical engineer is now stepping down as the boss after two and half years in the job. This comes as the McDonald’s customers base reportedly continues to struggle.Taking over from Mr Thompson in March is British-born Steve Easterbrook...
Game and technology giant Nintendo has reduced its expectations for annual earnings from 40 billion to 20 billion Yen, below market expectations, despite hitting 31.8 billion yen (£177 million) in operating profit from October to December.The company has also revised down its estimates of annual console sales by 25% after...
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