Sales at John Lewis have fallen by 2.2% year-on-year last week as trade slowed at the weekend due to the hot weather. However, the department said its clearance sale got off to a good start. Fashion sales edged down 0.1% despite sales of women’s accessories increasing by 6.8% compared to the...
UNIQLO is to enter the Danish market with a new store in Copenhagen. Due to launch in the spring of 2019, the shop on Strøget will span around 1,400 square metres across three levels and offer the brand’s LifeWear range for men, women and children. Taku Morikawa, chief executive of UNIQLO...
Online fashion retailer Boohoo has been celebrating the launch of a new collection designed in collaboration with Paris Hilton. Boohoo has hosted an exclusive launch party in Paris that featured a DJ set by Hilton herself and a live performance by US rapper Ja Rule. Paris Hilton has co-designed a 70-piece collection...
Restaurant chain Prezzo are set to close 100 stores, putting hundreds of jobs at risk as the company looks set to become the latest victim of brutal trading conditions. Prezzo’s owner, private equity firm TPG Capital, is expected to put the chain into a Company Voluntary Arrangement in the next few...
Coca-Cola have "temporarily paused" some production of their product because of the shortage of CO₂ gas in some factories. They have explained that even due to the shortage of CO₂ gas this has not affected supplies. There are reports that the shortage is affecting deliveries of frozen foods, which are kept cool by dry...
Clarks have confirmed that their CEO Mike Shearwood “has resigned following an investigation into complaints of conduct contrary to the family-owned company’s Code of Business Ethics.” They didnt say what the problems were, but said “aspects of Shearwood’s conduct, conversations and expressions fell short of the behaviours expected of all its employees on...
Carpetright have reported a full year pre-tax loss of £70.5 million. Like-for-like sales in the UK declined by 3.6% as a fall of 7.8% in the second half offset a first half uplift of 0.7%. Underlying EBITDA dropped to £2.9 million from the previous year’s £20.9 million due to the decline in...
Brent Cross upgrade to the mall is experiencing heavy delays with work that had been due to start next month. They are now expecting to begin in January. This could be crucial for the opening date of the giant mall, dates from as late as March 2023 are being estimated, rather than September 2022...
H&M have re-opened their flagship store on Rue Lafayette street in Paris after a major revamp. The shop will be carrying fashion and homewares and will be set over five floors, rather than its predecessor which was set over just three. It will also feature H&M's Take Care concept which aims to help customers take better...
House of Fraser's plan to close more than half its stores has been backed by creditors and is going ahead as planned. They will now be going ahead with the closure of 31 of their 59 stores across the nation, which is now putting 6,000 jobs at risk. 2,000 of those will be...
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