It was reported in the Sunday Times that Marks & Spencer have explored the possibility of splitting its business in two. The board are said to have come to the conclusion that the split would be achievable, but then decided that the general merchandise division would not be attractive to investors...
Luke Johnson, the chairman of Patisserie Valerie, has said that he will waive his £60,000 salary as he focuses on reviving the café chain following an accounting scandal. He has told the board he would not take his salary for the rest of his time at the business. Johnson has also said...
Waitrose’ new Food and Drink Report shows how our wellbeing and environment have a large influence on the way people shop for food and drink. The report is based on OnePoll consumer research of people across the UK. It found that a third of the UK now have either meat-free or...
Ikea have announced a full year sales increase by 5.9% to £1.965 billion. In the year up to 31st August, Ikea opened two new stores in Sheffield and Exeter and are set to open another store in Greenwich next spring. Ikea also launched its new planning studio format on Tottenham Court...
B&Q has announced that it will not be participating in the Black Friday sales this year as it is focusing on their new ‘everyday low prices’ model following a £100 million investment in July. B&Q recently held a study which found that shoppers are more likely to trust retailers who hold...
Pets at Home appoint David Robinson as chief operating officer of retail and Jane Balmain as interim chief executive of its vet groups First Opinion business. Robinson has spent the last two years as managing director of Bestway Retail. Before that, he was at Home Retail Group for 15 years, with...
Urban Outfitters is set to expand into the Middle East through a franchise partnership with Azadea. Azadea will manage the brands expansion programme. The first store is set to open in Dubai in 2019. Azadea has been operating franchise concepts throughout the Middle East and Africa for the last 40 years. Stefan Laban,...
Online retailer, notonthehighstreet.com, is set to open to physical pop up stores for Christmas. Both stores will showcase some of its most popular festive products from around 200 different sellers. They will also be selling personalised Christmas Eve boxes and baubles which will be available online, as well as customisable jewellery and...
Sports Direct announced on Tuesday that it had purchased cycling retailer Evans Cycles out of administration. The company has said that it will keep half of Evans Cycles’ 62 stores open. Mike Ashley, founder of Sports Direct, said: "In order to save the business, we only believe we will be able to...
Tapestry Inc has beaten Wall Street estimates for first quarter sales. This is largely down to strong demand for Coach and Kate Spade handbags. Net sales grew to $1.38 billion, which was above the expected $1.36 billion. Coach sales, which make up over 70% of Tapestry’s overall sales, grew by 4% in...
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