B&M has reported that revenues and margins have remained strong in its fourth quarter to date, particularly in its UK business. Back in January, the value retailer said group revenue increased by 22.5% on a constant currency basis in its third quarter. Due to the continued strong trading, the group now expects...
Hotel Chocolat increased its first half revenue by 11% to £101.9 million after the retailer saw strong multichannel growth in the UK, USA and Japan. In the six months to 27 December, pre-tax profit edged up 3% to £15.5 million. Meanwhile, underlying EBITDA rose by 2% year-on-year to £24.9 million. UK sales...
Travis Perkins has reported that full year like-for-like sales at its Wickes DIY chain climbed by 5.5% despite disruption to trading operations due to Covid-19 lockdowns. The group said the performance in the year to 31 December was driven by strong core DIY sales growth of 19.3% as it benefited from...
Ralph Lauren has launched a new subscription based fashion rental offering called ‘The Lauren Look’. The membership platform allows customers to hire an ever-evolving selection of Lauren dresses, trousers, tops, and more. They also have access to suggestions from expert stylists on how to wear the items. Subscriptions cost from $125...
Pets at Home has raised its guidance for full year underlying pre-tax profit following a better than expected performance over the last eight weeks. In January, the retailer said profit was likely to come in at £77 million but has now increased this figure to £85 million. In a statement, Pets at...
Vision Direct has donated £10,000 worth of laptops to six London schools during lockdown. Schools receiving the devices have included St. Dunstan’s Cheam, CofE Primary School, Highams Park School, All Souls CoE Primary School, Rhyl Primary School, Hackney New School and Ruislip Gardens School. The laptops have since been distributed to...
Sainsbury’s has announced that it is increasing pay for frontline staff from March and awarding them a third one-off payment in recognition of their efforts during the coronavirus pandemic. From March, the hourly rate of pay for Sainsbury’s and Argos store staff will increase to £9.50. Staff at Sainsbury’s and Argos...
Diesel has introduced a new pop-up store concept in Europe and the US that has been developed by the brand’s recently appointed creative director Glenn Martens. The concept has been launched at the Amsterdam PC Hoofstraatand premium shopping destination and at the Tyson’s Corner Center retail complex in Washington D.C. Diesel said...
Shoe Zone has announced that its finance director Peter Foot has stepped down after seven months in the role. The company has now begun a search for his successor. In a brief statement, Shoe Zone said: “Shoe Zone announces that Peter Foot, its finance director, has left the business with immediate...
Following a four-week trial, Furniture Village is to roll out company-wide lateral flow testing. Working in partnership with the Department of Health and Social Care, the retailer will be one the first UK businesses to adopt testing at scale. All Furniture Village staff, including those in the warehouse and head office,...
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