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Apple has said that profits rose in the three months to the end of March, as iPhone sales beat expectations in the company’s best performing non-holiday quarter ever. Profits hit $10.2 billion (£6.1 billion) after the company sold 43.7 million iPhones during the three-month period ending March 29th.Apple also announced...
Yum Brands, owners of the Pizza Hut and KFC names, has seen an 18% rise in profits for the first quarter, helped in part by a boost in its Chinese business.The firm made net earnings of $399m (£237m) for the three months to 22 March, up from $337m a year...
Patisserie Holdings Limited, which operates the Patisserie Valerie chain of cafés has announced its intention to float on the London Stock Exchange.The move is expected to value the chain at approximately £170 million and is reported to be scheduled for the end of May.The group, which is forecast to be...
The Sports Direct chain has said that fourth quarter sales rose 10.3% to£360 million as it criticised shareholders for vetoing a bonus share scheme for its founder Mike Ashley.Dave Forsey, chief executive of Sports Direct, said: "Sports Retail continues to perform well since the end of January, primarily driven by...
The owner of Primark has said that the value clothing retailer Primark is to open its first store in the US next year.Primark has signed a lease for some 70,000 sq ft of selling space in the historic Burnham Building, which is currently being renovated, at Downtown Crossing, in the...
John Lewis has announced plans to mark its 150th anniversary with a series of commemorative events. Lifting the lid on its history, John Lewis said that it will ‘invite the world’ to explore its heritage and understand how the iconic British brand has grown from a humble draper's shop opened...
The late Easter this year saw retail sales take their biggest hit since April 2013, according to the British Retail Consortium (BRC), whilst footfall over the Easter holiday itself was down 1.9% on the previous year.Total sales dropped 0.3% in March, according to the BRC figures, their first annual fall...
Greetings card chain Card Factory has said that it intends to float on the London Stock Exchange. The Initial Public Offering (IPO) is one of several high profile flotations planned by UK retailers this year.Card Factory focuses on the value and mid-market segments of the UK's resilient greeting cards market,...
German union Verdi has called on workers at Amazon’s German operations to go on strike as part of a long-running dispute over pay. The move follows a strike last month in which hundreds of workers walked out.Amazon employs 9,000 workers across nine distribution centres in Germany, its second-biggest market behind...
Luxury brand Burberry has seen a 13% rise in retail sales as its digital division “outperformed” across all regions.In the six months to March 31st, total revenue was up 19%, with a rise of 13% in retail, led by investment in the group’s online offer as well as an expansion...
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