Habitat has opened its first standalone store in over 10 years with their new location at the Westfield London shopping centre. This will be followed by a new opening in Brighton in November. The store is part of Westfield’s new ‘Home’ hub, which houses a host of furniture and homeware retailers. The...
The Co-op group will be returning to the pharmacy sector this week by buying online prescription platform, Dimec. This comes four years after they ditched their bricks and mortar chemists. The agreement is expected to be announced alongside their half- year results on Friday, and is expected to cost a lot...
Morrison’s have announced a 29% fall in pre-tax profits up until August 5th, down from £200 million last year. This was due to a £51 million net adjustment, including a previously announced bond tender offer. Shares have fallen by more than 2.2% at the start of trading. Chief executive David Potts said: "Strong...
Pub chain JD Wetherspoon have announced that they will stop selling several EU made drinks ahead of Brexit. This will include poplar German liquor Jägermeister and several French liquors. They will increase its range of drinks made by English and other non EU producers by September 28th. Guy Lawrence, the CEO of...
The John Lewis Partnership has announced a 99% drop in profits for the first half of the year. Sir Charlie Mayfield, the chairman of John Lewis Partnership, has said that the retail sector was facing ‘challenging times’. The results, which include Waitrose, show that profits from the previous year, up until July...
Dunelm have announced a 6.7% fall in underlying pre-tax profits to £109 million. In the year up to June 30th, group revenue rose by 9.9% to £1.05 billion and like-for-like sales rose by 4.2% Nick Wilkinson, chief executive of Dunelm, said: “The UK retail environment remains challenging, but against this difficult background...
The opening date for the new ICON Outlet has been set for the 20th October. The 210,000 square foot outlet, has signed up a host of new brands including Cheaney Shoes, Hobbs, Phase Eight, Cath Kidston, G-STAR Raw, James Lakeland, Tateossian, Gap, The Cosmetics Company Store, Lindt, Rolling Luggage and The...
Superdry has appointed a new chief product officer. Brigitte Danielmeyer comes to the role from Tommy Hilfiger, where she was the global head of womenswear. It has also announced new plans to launch ‘Superdry Preview’, which is a series of new disruptive fast-fashion ranges. Danielmeyer has a vast range of fashion...
Burberry is to make items from its new chief creative officer’s first collection for the brand available for 24 hours through a series of releases on social media. Riccardo Tisci’s limited edition designs will be available exclusively via Burberry’s Instagram and WeChat accounts from 5.30pm on 17 September, following Burberry’s London...
Debenhams expects its full year pre-tax profit before exceptional items to come in at around £33 million. The department store also anticipates that EBITDA will be around £157 million. The announcement has been made to reassure investors following the news that Debenhams has appointed advisers from KPMG to help it consider...
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