Retail news
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Aquascutum sale saves jobs
- Posted:
- 11 May 2012 10:01
Administrators have saved the Aquascutum brand, saving approximately 100 jobs in the process after selling the 160-yea-old chain to the owners of its Asian division.The brand, its head office and stores, have been bought by a subsidiary of YGM Trading, the Hong Kong-listed owner of the brand across Asia, which ...read more
Carphone Warehouse Q4 hit by weak pre-pay market
- Posted:
- 09 May 2012 10:09
Carphone Warehouse has revealed a 5.5% drop in quarterly like-for-like revenue, due to a weak pre-pay market. Despite this the company experienced growth in post-pay volumes and positive momentum in non-cellular revenue.Despite the difficulties, which also include a market shift from 18 to 24 month contracts and a tough consumer ...read more
BRC shows support for UK farmers
- Posted:
- 08 May 2012 11:02
As the government prepares to announce its supermarket/supplier adjudicator bill in next week's Queen's Speech, a new report from the British Retail Consortium (BRC) spells out the ways in which the country's farmers are benefiting from retail investment in the food supply chain. The BRC said that it believes long- ...read more
HMV predicts return to growth
- Posted:
- 04 May 2012 10:48
HMV has said that it is likely to return to profit next year, despite a bigger-than-expected £16 million annual loss. The music and games retailer, which has around 250 stores in the UK, said that "very weak" trading in January and a poor release schedule for CDs and DVDs had ...read more
Low cost airline bmibaby to close
- Posted:
- 04 May 2012 10:46
International Airlines Group, the owners of British Airways, have decided to close low fare carrier bmibaby in September, threatening the loss of hundreds of jobs. The GMB union said it was "devastating" news, especially for the East Midlands, where hundreds of jobs are now threatened with the axe.With bmi Regional, ...read more
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