Retail news
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Alexon hit by turbulent 2010
- Posted:
- 15 June 2010 09:50
Alexon Group has said that trading since the year-end has been "broadly satisfactory". However, the volcanic ash cloud, UK elections and low consumer confidence took their toll. Group like-for-like sales for the 19 weeks ended June 12th were down 5.4%. Due to increased levels of promotional activity, margins experienced a ...read more
ASOS to invest for growth as profits soar
- Posted:
- 10 June 2010 09:45
ASOS plans to invest £40 million to boost its warehouse capacity in a bid to become a £1 billion business within five years. The announcement accompanied the online fashion retailer's annual results, with pre-tax profits up by 44% to £20.3 million in the year to March 31st. This was in ...read more
House of Fraser adds Label Lab to portfolio
- Posted:
- 10 May 2010 09:34
House of Fraser has added the womenswear brand Label Lab to its young brand portfolio. In a statement, the company said: "The Label Lab look has an eclectic, rock chick vibe. It draws inspiration from vintage designs and the rock music scene, with a true London feel. Label Lab womenswear has ...read more
Carphone Warehouse boosted by smartphones
- Posted:
- 26 April 2010 09:30
Carphone Warehouse has raised its profit expectations for the third time in six months, paving the way nicely for the opening of its first Best Buy megastore later this week. The group, which jointly owns its retail business with US partner Best Buy, said strong sales of smartphones and last ...read more
M&S to become "world’s most sustainable retailer" by 2015
- Posted:
- 01 March 2010 09:33
Marks & Spencer has launched a programme to become the world's most sustainable retailer by 2015.Its efforts will include 80 major new commitments under its eco and ethical programme, Plan A.These new commitments will mean that by 2020 all 2.7 billion individual M&S products will become 'Plan A products' with ...read more
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