In the six months to August 31, revenue at online fashion retailer Boohoo rose by 43% to £181.8m whilst revenue at its newly-acquired Pretty Little Thing rose by 289% to £72.7m. The company reported that total pre-tax profit climbed by 41% to £20.3 million whilst revenue increased by 106% to...
The UK arm of the supermarket announced a 17% fall in profits for the third consecutive year, despite a 13.5% leap in sales to £8.74bn. Aldi has experienced rapid growth in the UK, overtaking the Co-op this year to become the fifth largest chain. Chief executive of Aldi, Matthew Barnes...
The Harvey Nichols department store chain’s chief executive Stacey Cartwright will be stepping down from her role, in order to take up the role of deputy chairman. In her new role, Cartwright will be able to oversee the continued evolution of the Harvey Nichols brand, which will now be led...
High street gift card retailer Card Factory saw like-for-like sales in the six months to July 31 increased by 3.1% with roughly 30% growth coming from the company's website. Whilst the company did see profits before tax fall from £27m to £23.2m, down by 14.1%, but the margins were impacted...
Luxury retailer, The Shop at Bluebird, announced that it is to open a new 15,000 sq ft concept store in early 2018. Located in London’s Covent Garden, the store will house two dedicated retails floors, and a large restaurant on the second floor. The announcement comes as the latest in...
Retail sales rose by 1% on the month, significantly improving upon the 0.2% increase expected. Much of the increase was driven by improvements in spending in non-food shops like department stores and DIY outlets. Some analysts suggested that this could be a good indicator for the UK economy as it...
Hermes Investment Management, the £30.8 billion manager, and AustralianSuper, joint owners of centre:mk, have announced international fashion retailer, Primark, is to open a 75,000 sq ft sales area at centre:mk, in the heart of Milton Keynes. The new store is the largest single letting at centre:mk in the last 25 years...
The company stated that it will be partnering with Doddle to allow its customers to collect their items from Doddle locations nationwide. The service will be piloted in London and Brighton stores, including Kings Cross, Canary Wharf and Liverpool Street. Head of shipping development at eBay, Jon Ford, said “We...
The discount retailer said that the store, which is set to open in 2019, will be located in the Greenhithe shopping centre. It's reported that the store will be in place of Early Learning Centre on Upper Thames Walk, with the children's shop moving inside Mothercare in the Lower Thames...
John Lewis announced that “Christmas” had been the most popular search term on its website since August, which coupled with the fact that customers have already been buying festive gift-wrapping, artificial Christmas trees and baubles, suggests Christmas shopping is beginning earlier this year. The department store chain saw sales of...
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