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Department store group House of Fraser has seen a “record” Christmas, with strong sales from Black Friday continuing throughout the festive season.In the six weeks to January 3rd, like-for-like sales rose by 8% compared to the same period in 2013, with sales in the week leading up to Christmas rising...
The owners of Bank Fashion, Hilco, have put the firm into administration, putting 1,555 jobs at risk. The loss-making chain, which was previously part of the JD Sports group, has 84 stores, which will continue to trade as usual with no redundancies at the present time whilst administrators at Deloitte...
The head of Samgung, Boo Keun Yoon, has pledged over $100 million to bring the “internet of things” (IoT) closer to a reality. He added that, within five years, all Samsung products will have the capability to interact across the IoT network.The internet of things refers to what many believe...
Supermarket giant Aldi have had to recall a batch of its 200g packs of Choceur Treasures chocolate due to a salmonella scare.The product recall only affects shops in the Midlands area, including places such as Nottingham, Birmingham, Coventry, Worcester, Leicester, Grantham, Derby and Wolverhampton and has been described as “an...
Tesco’s final salary pension scheme could be closed to new members due to the financial issues that have surrounded the company recently.The scheme is very popular with 350,000 members, 203,000 of which are current members of staff. However, due to a decrease in sales, Tesco is facing a £3.4 billion...
Europe’s favourite low cost airline Ryanair has announced today that its December traffic grew by 20% to over 6 million customers. The percentage of seats taken also increased to 88% from 81% last year.Ryanair's chief marketing officer, Kenny Jacobs said "Ryanair's traffic grew by 20% to over 6 million customers...
Over the Christmas period department store John Lewis saw its internet sales grow, with "click-and-collect" overtaking its home delivery service for the first time. In the five weeks to December 27th, 56% of online customers used the collect-from-store service rather than have goods delivered to their home, the retail group...
The chief executive of Asda, Andy Clarke, has voiced concern over the impact which the discounters are having on the supermarket industry.Talking to BBC Radio’s Wake Up to Money programme, Mr Clarke said "The level of profitability decline in some retailers over the course of 2014 - we've never seen...
Clothing chain Next has said that it is cautiously optimistic that sales will recover in the second half of the financial year, after unseasonably warm weather meant slower sales in the first half, leading the retailer to cut its full-year expectations.In a trading update covering November and December, the company...
Retail sales growth in the UK hit its highest level in a decade, helped by the much-hyped Black Friday shopping event. In November 2014, the quantity bought increased by 6.4% compared with November 2013. This was the highest year-on-year increase since May 2004 when it grew by 6.9%.Meanwhile, the underlying...
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