Retail news
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Boots sees profits rise 20% following sale
- Posted:
- 10 June 2008 09:38
The billionaire boss of Alliance Boots, Stefano Pessina, has said that profits at the firm jumped 20% in its first year as a private company. In the year ended March 31st, the company saw revenues in health and beauty retail rise 4.2% to £6.85 billion, helping trading profits for the division improve by 20.1% ...read more
Focus finance director resigns
- Posted:
- 10 June 2008 09:32
Bill Hoskins has resigned as finance director of DIY retailer Focus after less than a year in the business. He was brought in, together with chief executive Bill Grimsey, by US hedge fund Cerberus which acquired the business for £1 last June. Mr Hoskins will be replaced by former Boots ...read more
Sainsbury’s to stock Aussie Moosehead brand
- Posted:
- 22 May 2008 09:18
Sainsbury’s is to stock products from Australian male grooming company Moosehead. It is the first time that the full range of products will be available from a high street chain in the UK, although the brand’s hair waxes are currently available from Boots. The brand’s flagship product, Dirty Boy 3-in-1 body wash, which is ...read more
Record profits at Virgin Active
- Posted:
- 07 May 2008 09:06
Virgin Active has posted record profits in 2007, boosted by a boom in gym membership in South Africa and a revamp of its Holmes Place fitness chain in the UK. Pre-tax earnings soared by 28% to £76.2 million up from £59.3 million last year, with revenue up 4% to £313.5 million in the year ...read more
Superdrug admits fault on 70%-off gaffe
- Posted:
- 16 April 2008 09:28
Superdrug has been criticised by the Advertising Standards Authority for an advert that mistakenly announced discounts of up to 70% on fragrances. Rival chemist Boots had challenged whether the claim "up to 70% off fragrance" was misleading, because they believed that none of the fragrances featured in the ad were ...read more
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