Browse all articles

Footwear retailer Shoe Zone has said that profits in its first year as a listed company almost doubled and added that the board “continues to see significant opportunities” ahead.In the year ended October 4th, the company said that revenue declined by10.8% as expected due to the closure of a number...

Department store chain Debenhams missed analysts’ forecasts, reporting a drop in overall sales of 0.8% despite seeing “record” sales in the run-up to Christmas.In the four weeks to January 10th, Debenhams said that like-for-like sales were up 4.9% with a 28.9% rise in online sales. However, in the 19 weeks...

Bakery chain Greggs is celebrating a “very strong” finish to the financial year after trade over the Christmas period soared.The chain added that full-year results were likely to be above expectations after total sales rose 5.5% and like-for-like sales rose 4.5% in the 53 weeks ended January 3rd. Meanwhile, December’s...

UK dry cleaning chain Timpson has announced that it will be helping job seekers by offering free dry cleaning on interview outfits.CEO James Timpson told The Mirror newspaper: "Some people can't afford to look smart. We want to help those people. It doesn't matter where they're being interviewed by us...

London airports Heathrow and Gatwick have reported record numbers of passengers in the last year, as the debate over runway expansion continues.The government's Airports Commission, led by Sir Howard Davies, has been exploring the options for airport expansion in the South East since 2012 and both airports have been lobbying...

The boss of Morrisons, Dalton Philips, is to leave the supermarket after five years following the announcement that Christmas sales fell at a worse rate than predicted.Excluding fuel, in the six weeks to January 4th, the supermarket saw a decrease in total sales of 1.3%, along with a 3,1% decrease...

Eurotunnel is seeking a buyer for its ferry service MyFerryLink after it lost an appeal against a ban on operating its Dover to Calais route.MyFerryLink has been told that it must quit the cross-Channel ferry market after the Competition Appeal Tribunal ruled that it was damaging competition by owning more...

US firm Dollar Financial which owns The Money Shop has reported that it may close up to 200 of its 500 locations as well as one of its three head offices.With 3,000 staff employed by the payday lender, a total of 350 people could be affected under the moves. However,...

The new watchdog for the retail industry received over 300 complaints over its first weekend, mainly about delivery and returns throughout the Christmas period.On its first day alone, January 2nd, the Retail Ombudsman (TRO) received 107 complaints. It anticipates handling 100,000 cases this year.The watchdog was set up in order...

Irish airline Aer Lingus has rejected a revised takeover bid from the owner of British Airways. IAG had originally offered 2.30 euros per share for the carrier, but this was rejected as “undervaluing” the business.Had the latest offer of 2.40 euros (£1.88) per share been successful, it would have given...