Iceland will now be selling food in home and garden store The Range. The new "strategic alliance" will initially be introduced in three stores in the Midlands and Liverpool areas. In a joint statement the companies said plans for a further roll-out of the "store-in-stores" concept will follow. Iceland chairman Sir Malcolm Walker said:...
Aurum Holdings, the company behind Watches of Switzerland, Mappin & Webb, Goldsmiths, Watch Hut and Watch Lab, has appointed Dennis Millard as its new chairman. The company has also confirmed that it will be changing its name to Watches of Switzerland. Brian Duffy, Aurum chief executive, said: “I am delighted that Dennis has...
The landlords group have reached an agreement with the department store House of Fraser and have withdrawn their legal challenge. Mark Fry of Begbies Traynor and Charlotte Coates of JLL, the landlords’ legal advisors, said in a statement: “Although we will not have our day in court, we are pleased with the...
Pets at Home have posted up stats for a 6.1% increase in group like-for-like sales in its first quarter. In the 16 weeks to 19 July group revenue climbed by 8.1% to £277.4 million. This included a 6.9% increase in retail revenue to £245 million and an 18.4% rise in veterinary group...
Starbucks are collaborating with Alibaba to start coffee deliveries in China as part of plans to expand both its online and physical presence in the country. Working with Ele.me, Alibaba’s food delivery platform, Starbucks will begin a pilot delivery service in September in 150 stores in the Beijing and Shanghai areas....
Amazon have paid a lot less tax in the UK last year, despite seeing a jump in profits. Amazon Services UK paid tax of £1.7m, down from £7.4m in 2016, but operating profits rose to £80m from £48m. One reason for the lower tax bill was a rise in share-based payments for...
Shares in clothing retailer Next have fallen 6% in early trading, despite a faster-than-expected rise in sales. They have explained that due to the prolonged hot weather, they had sold more lightweight summer clothing earlier in the season. Revenue grew by 2.8% in the three months to 28 July compared with 2017....
C. Banner have decided to walk away from their plans to invest £70 million in the struggling House of Fraser department store chain. They've decided to call off the deal as they have seen a drop in their share price, this has put a stop to their plans to raise funds which would've been invested in House of Fraser. House...
Apple sold essentially the same number of iPhones last quarter as it did a year prior, but sales and profits soared as it made more money from higher-priced devices. Apple said that its profit had jumped more than 30 percent to $11.5 billion in the recently ended quarter, besting market expectations...
Greggs has posted an increase in sales and profit in the first half of its financial year despite facing a “tough operating environment”. Company-managed shop like-for-like sales rose by 1.5% in the six months to 30 June, while total sales increased by 5.2% to £476 million. Meanwhile, pre-tax profit including property profits...
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