JD Sports has reported that it is on track to deliver full year headline pre-tax profit at least equal to current market expectations. Ahead of its AGM later today, the sportswear retailer said in a statement that it has seen encouraging like-for-like sales growth at its core sports fashion fascias in...
The Hut Group saw its group sales climb by 24% to £916 million in 2018. EBITDA rose by 31% to £91 million while gross profit increased by 31% to £417 million. The group continued see strong growth in its own brand revenues, with 59% of group sales coming from own brands...
Aldi will be launching a trial of plastic free packaging for toilet rolls. The supermarket will be selling four-packs of Luxury Toilet Paper wrapped in paper in 174 of its stores across parts of the North East and the Midlands. If the trial is successful, the packaging will be rolled out...
Cosmetics retailer, Morphe, will be opening a new store at Nottingham’s Intu Victoria Centre as part of its UK expansion plans. This will be the brands third store outside of London. Mark Spillman, Morphe general manager for EMEA, said: “We’re confident that Intu Victoria Centre’s high annual footfall, great mix of...
Pret a Manger chief executive, Clive Schlee, will be stepping down in September although he will remain with the company as a non-executive director. He will be replaced by Pano Christou who is currently the company’s chief operating officer. Mr Schlee has been credited with helping Pret become a billion-pound business...
Scotch & Soda will be launching a rental service specifically for menswear. Rental is not a new concept to Scotch & Soda, the company offers its womenswear through Rent the Runway. Womenswear rental options are quite vast, with rental retailers including Wardrobe and FashionPass bringing together rental options from numerous brands,...
Hush has opened two pop-up stores in Ilkley and at McArthurGlen’s Cheshire Oaks outlet centre. These follow the opening of a short term store at Kent’s Bluewater shopping centre earlier this year. Hush began launching pop-up stores across the UK in 2018 with openings in Scotland, Leeds and London. Mandy Watkins, founder...
Walgreens Boots Alliance has reported that retail sales dropped at Boots UK in the company’s third quarter. While Boots’ pharmacy sales edged up 0.8%, comparable retail sales dropped by 2.6% due to weakness in certain categories. Across the wider group, sales rose by 0.7% to $34.6 billion. This was due to...
The Hut Group has acquired 12,000 square feet of retail space at 100 King Street in Manchester for its health and beauty brands. The group is planning a refurbishment that will be sympathetic to the listed building. This will include converting the former Jamie’s Italian restaurant area into a ‘World of...
Sainsbury’s has cut the price of 125 summer foods before this weekend’s heatwave. The supermarket says a basket of barbecue items costs £6.95 less following the price cuts. With temperatures set to be as high as 32 degrees this weekend, Sainsbury’s is expecting sales uplifts across many seasonal lines. Food commercial...
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