Amazon will not ship goods overseas to Australian customers after a new GST rule that targets international retailers which comes into effect in July. Amazon’s new rule will prevent Australians from buying from the Amazon US store and any other international Amazon store which usually have cheaper goods and a greater range compared with the Australian...
Pret A Manger’s new owners are expected to prioritise a trans-Atlantic expansion above increasing the chain's UK presence after buying it for £1.5bn. Leisure industry experts predict that JAB Holdings will use its experience of the American market to amplify Pret’s small presence in the US. ...
B&M has increased both its full year sales and profit as it continues its new store expansion programme. Pre-tax profit rose by 25.4% to £229.3 million in the 53 weeks to 31 March while like-for-like sales at UK B&M store fascias grew by 4.7%. ...
Footpatrol has chosen Paris for the opening of its second store. Speaking on behalf of Footpatrol, Jimmy Horrocks said: “Paris has always stood out to us as a key city, it’s the capital of some of the world’s biggest fashion houses and a number of amazing streetwear boutiques. In a way, it...
Pret A Manger is to be sold by its private equity owners Bridgepoint to Luxembourg-based JAB Holdings. They did not say how much JAB was paying, although one report put the value of the deal at £1.5bn. Pret A Manger opened in London in 1986, and as well as its strong presence...
Which? have released a new survey which states that WH Smith has been rated as the worst retailer on UK high streets. In the study, shoppers criticised the retailer's customer service, value for money and the standard of its stores. WH Smith has been in the bottom two of the Which? poll for an...
Mountain Warehouse has accomplished its 21st year of unbroken sales growth with sales rising by 22% to £225.3 million in the 12 months to 25 February. “We grew rapidly during the last downturn and I’m confident we will continue to grow over the coming year. We do not subscribe to talk...
The exchange rate has managed to hold after the release of sales data which saw a positive increase following a slow month in March. The pound has held up against the euro as the week comes to a close. Regardless of the slow start to the week, with the exchange rate being below £1.140, it has managed to...
Wesfarmers is expecting to make a loss of up to £230million after buying the DIY retail chain Homebase two years ago. It’s now being bought by Hilco, which rescued HMV in 2013. It is not certain that the new owners will shut down stores, however thousands of jobs are at risk. Homebase currently employs 11,500 people...
Sales rose in the retail market by 1.6% in April as consumers resumed spending after the cold weather earlier in the year. Furthermore, The Office for National Statistics said the sector remained "broadly subdued" and analysts said the underlying trend was "lacklustre". Sales rose just 0.1% on the previous quarter in the three...
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