H&M have continued their expansion into South America by opening their first store in Uruguay. The 3,000 square foot, two storey store is located in Montevideo. It will sell a selection of fashion and accessories for Men, Women, Teenagers and Children. For the opening day, H&M gave everyone in the queue a...
Greggs has posted strong sales in Q3, despite being faced with one of the longest British summers ever. Total sales grew by 7.3% in the weeks leading up to September 29th. Greggs are pleased with the performance, saying: “We were pleased with our trading performance during a period that included a long...
Intu’s share prices have shot up by 35% after it rumours that its deputy chairman could be launching a takeover bid. The shopping centres shares grew from 149.1p to 201.5p, before stabilising at about 190p. The growth came as John Whittaker, who already owns a 27% stake in the company through his...
B&Q have announced that they will move away from overnight replenishment, which will lead to the loss of 250 night crew management positions. They will move 1750 staff to customer facing roles during the day. Replenishment will be carried out during the day by the extra people on the shop floor. B&Q...
French Connection issued a statement on Monday, confirming rumours that the brand could be up for sale. It said it is ‘currently reviewing all strategic options… which include the potential sale of the company.’ Mike Ashley, the owner of Sports Direct and House of Fraser, owns a 27% stake in the company. ...
Waitrose are set to trial a new delivery service which will allow customers to have drivers enter their homes and unpack their shopping for them while they are out. The new ‘While you're away’ service will initially be trialled amongst 100 customers who live near the companies South London warehouse. The service...
Toy retailer The Entertainer has announced that their year-on-year profits have grown by 38%. Total sales were up by 7.4% and online sales were up by 28%. This success saw the retailer pay out £1.9 million to its staff in bonuses. They also donated over £2 million to charity. Gary Grant, founder and...
BHS is set to make a comeback to highstreets this week as they strike a deal to trial a new concession model with Bournemouth based department store, Beales. They will initially start by trialling in nine stores, with a wider view to expand in the spring depending on how the concessions...
Luxury fashion group LVMH have said that sales have grown at a lot of their fashion houses. They have said that this is due to the British taste in for luxury goods. Celine, Kenzo and Emilio Pucci all posted a growth in 2017. Celine made headlines over the weekend after it launched...
Ted Baker has said that they have made good progress in the first half of their financial year. Group revenue was up 3.5% to £306 million in the first 28 weeks. Retail sales also grew by 1.1% to £220.1 million. Ray Kelvin, Ted Baker founder and chief executive, said: “Ted Baker has...
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