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The number of empty shops on the high street fell to their lowest since July 2010, reinforcing the growing belief that the worst is over for the UK retail industry.The Local Data Company's monthly survey said that vacant shops in town centres fell to 13.9%, helped by a fall in...
Sports Direct has bought 56.8 million shares of department store group Debenhams, equal to 4.6% of the company. Debenhams, which has 240 stores in 28 countries, saw “extremely difficult” Christmas trading and has warned that profits for the half year will be below expectations.In a statement, Debenhams said: “Debenhams notes...
The British Retail Consortium (BRC) reported a "record" amount of online shopping in December 2013 after shoppers panicked into buying last-minute gifts online helping sales to rise over the festive period.The BRC and accountants KPMG who conducted the research revealed that there was a 19.2% growth in internet purchases from...
New Look has reported a 1.5% increase in UK like-for-like sales, after seeing a strong full price sales performance over the winter holidays.The fashion retailer’s total UK sales rose 2.9% in the seven weeks to 28 December 2013, while total sales across the New Look Group had increased by 2.6%.Online...
JD Sports Fashion has announced strong trading over Christmas, putting the sportswear retailer on track to deliver annual profits in line with market expectations.The retailer said that it had such a strong performance over Christmas that like-for-like sales for its core fascia stores for the 48 weeks ending January 4th...
The cinema operator Cineworld is said to have reached a deal worth £900m to take over Cinema City International.The UK's largest cinema operator will be buying over a 100 multiplexes in eastern Europe and Israel in a cash and shares deal worth about £500m. The deal will also see Cineworld...
Marks and Spencer saw mixed results in the third quarter, when overall group sales rose 0.2%, with food up 1.6% and online sales jumping 22.7%; however, another fall was seen in its clothing, homewares and general merchandise like-for-like sales, which were down by 2.1% in the three months to the...
Waitrose reported a 3.1% rise in sales over the festive period, proving it was one of the winners in the key Christmas trading period, while Britain’s other biggest grocers have struggled.The upmarket British food retailer, which is part of the employee-owned John Lewis Partnership, said on Wednesday that for the...
The fashion retailer Ted Baker has appointed Andrew Jennings as a non-executive director.The former Karstadt Group chief executive will be joining the Ted Baker board on 1st February and will be appointed to the Audit, Nomination and Remuneration Committees.Jennings has held senior positions at a number of UK and international...
Supermarket group WM Morrison has warned full-year profits will be at the bottom of market expectations, after like-for-like sales dropped 5.6% over the festive period.In an unscheduled trading update, chief executive Dalton Philips admitted Morrisons has suffered a "disappointing" Christmas and that the UK grocery market had been "very tough".The...
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