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Blackberry has confirmed plans to cut 40% of its global workforce as it attempts to stem major losses that could amount to as much as £621 million.In a statement on Friday, Blackberry's chief executive Thorsten Heins said: "We are implementing the difficult, but necessary operational changes announced today to address...
Sir Philip Green’s Arcadia group will open 28 Topshop stores across the US next month in a global expansion plan that will see the chain open 150 franchise stores globally in the next year.The Topshop/Topman partnership with department store Nordstrom will increase from 14 to 42 stores under the plans,...
Budget airline Ryanair has announced that it has revamped its new website and digital marketing strategy. The changes include the launch of a new @Ryanair Twitter account, removing the Recaptcha security feature for individual passengers from the end of October and new passenger registration/retention service live for summer 2014, substantially...
Blackberry has announced its new Z30 model, its largest handset to date, which is the first product to be released since Blackberry announced it was putting itself up for sale.According to market-research company IDC, Blackberry accounted for 9.3% of all smartphones shipped to the UK during the first half of...
Online fashion company ASOS has revealed yet another set of strong results, described as “stunning” by analysts, up 40% on last year.Fourth quarter sales were up 47% year-on-year, helping full year sales rise to £754 million and leaving the company with a strong balance sheet and cash position.Nick Robertson, CEO,...
The Office for National Statistics (ONS) has reported a surprise fall of 0.9% in retail sales for August as consumers cut spending at the height of the summer holidays.On a survey of 5,000 UK retailers, the ONS found that sales fell 0.9% from the month before; a shock fall compared...
The British Retail Consortium has stepped up its pressure on the Government over business rates, saying the property tax is “no longer fit for purpose” and is inconsistent with the coalition’s pledge to create the most competitive tax system in the G20.The consortium is calling for rates to be reduced...
Starbucks has requested its customers not to bring guns into its outlets, although it has stopped short of an outright ban.The company said that the weapons “should not be part of the Starbucks experience”.The move comes after the company won support from the pro-gun lobby, with members holding a Starbucks...
Air France has said that is to cut 2,800 jobs as part of plans to cut losses in a “period of weak demand”.The airline has already announced plans to cut 5,100 jobs in the turnaround plan after admitting that it will miss its financial targets for 2013.European airlines have been...
Luxury department store Selfridges has said that it will not take any further action after one of its employees was suspended for refusing to serve a man who was shopping with the leader of the English Defence League.The employee refused to help the man who was with Tommy Robinson and...
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