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The CEO of luxury firm Burberry, Angela Ahrendts, has officially left the company after eight years at the helm.Ms Ahrendts is succeeded by chief creative officer Christopher Bailey who has been at Burberry since 2001.Announcing her decision to leave the company in October, Angela Ahrendts said: "Burberry is in brilliant...
Retail sales in Scotland increased by 0.1% during the first quarter of 2014 according to the Retail Sales Index, lagging behind sales across the UK which increased 0.7%.On an annual basis, comparing the latest quarter to the same quarter of the previous year (2014 Q1 on 2013 Q1), retail sales...
Argos and Homebase owner Home Retail Group has said that both businesses delivered good performances, with positive like-for-like sales growth throughout the year.At Argos, a new focus on multi-channel technology and processes throughout the year resulted in multi-channel sales rising by 53%. The moves included launching improved mobile apps and...
Kate Moss attended the launch of her new Topshop collection yesterday at the chain’s flagship store at Oxford Circus wearing a gold striped black trouser suit.The launch signals the 15th time the supermodel has teamed up with Topshop and the first in four years.Shoppers began to queue from 1pm, with...
A board member of the Co-operative Group has stepped down from the company following an investigation into a series of leaks to the press concerning the group’s operations.Stuart Ramsay, a computer technician who has been involved with the Co-operative for 25 years, according to its website, has stepped down immediately...
Luxury department store Harvey Nichols has appointed former O2 head of brand Shadi Halliwell as group marketing and creative director. The role is a newly-created post, following a decision to split the company’s marketing and press departments.Ms Halliwell left O2 earlier this year. Whilst with the communications group she had...
Carphone Warehouse has said that like-for-like revenues rose in the first quarter against strong comparatives. The group, which is currently in merger talks with Dixons Retail, said that revenue growth was 2.3% in the fourth quarter, maintaining the strong momentum seen during the Christmas quarter. However, no mention was made...
The business secretary Vince Cable has said that he will protect the UK’s position in the pharmaceutical industry as the largest foreign takeover of a British company looms.US pharmaceutical company Pfizer has offered £60 billion for its UK rival AstraZeneca, prompting Mr Cable to warn about potential job losses. The...
International exports of UK clothing and footwear is boosting the economy, according to a new study by the British Retail Consortium’s Online Retail Monitor.In the first quarter of 2014, there was a 77% rise in searches from international customers seeking out UK department stores on their smartphones.The director general of...
A tax increase in Japan on April 1st saw consumers make a last-minute rush for purchases in March, pushing the country’s retail sales up 11%, the fastest growth since March 1997.The rise in sales tax is designed as a way to reduce public debt, the highest in the industrialised world...
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