Peacocks is latest retailer to switch to biodegradable carrier bags in order to help minimise its environmental footprint. Peacocks, who has more than 500 stores in the UK, claim that it is the ‘first affordable high street fashion chain’ to provide shoppers with the bag made from bio-degradable plastic, which are...
B&M has posted a pre-tax profit uplift of 32.5% to £115 million in the first half of its financial year. Group revenue increased by 16.1% to £1.56 billion, with UK revenue rising by 7.1% in the 26 weeks to the 29th September. Group adjusted EBITDA increased by 13.5% to £131.8 million and...
Tim Horntons has signed its first franchise partner in the UK and Ireland. Graeme and Lisa Tobias will become the first partners to franchise the brand in the UK and will open their first drive-thru site in Stenhousemuir in Scotland by the end of the year. They plan to open a...
Asda, Marks & Spencer and Sainsbury’s are among 7oo other retailers are set to take part in ‘Purple Tuesday’, the first national day to highlight the needs of disabled shoppers. Companies involved are required to make at least one long term commitment to better the experience for disabled customers. Purple is a...
Arket has opened its first store in the West Midland after opening in Birmingham’s Bullring. The 13,000 square feet unit is located on the Bullring’s upper level and will stock the latest collections for menswear, womenswear and children’s wear as well as home. The opening comes as HUGO opened their first store...
TK Maxx is looking likely to move into the old four-storey New Look unit on Oxford Street. Last month they reported a 10.6% increase in annual turnover. This comes as it opened as many as 23 stores across the UK. The new 30,000 square foot store will add to its existing central...
Revenue at Farfetch continues to grow in the third quarter, with gross merchandise value up by 53% and revenue also up by 52%. Number of active customers rose by 42% and number of total orders was up by 55%. Farfetch’s recent IPO has left them ‘well capitalised with $1 billion in...
Halfords have announced that their total half year sales have increased by 1.9% to £599.9 million. In the weeks leading to 28th September, like-for-like sales increased by 2.5% with strong performance from the e-bike, dash cam and motoring services categories. Retail like-for-like sales grew by 2.3% and Halfords autocentres grew by...
Virgin Holidays has chosen the Centre:mk in Milton Keynes to open its biggest store to date. The new store is in a 1,700 square foot unit, and will even offer a range of complimentary spa treatments. This comes as Virgin plan to ‘revolutionise’ the way holidays are booked on the high...
AO World has agreed to acquire Mobile Phones Direct for £32.5 million. AO has said that the acquisition will help to boost its mobile proposition. It will also help in its strategy of adding new complimentary categories to its offering. Mobile Phones Directs revenues were £121.7 million and their EBITDA was £5.5...
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