According to the latest Visa consumer spending index, there was a 6.5% increase in online spending in August, while face-to-face in-store spending declined by 2.6%. This would suggest that there is a continuation in the trend of consumers moving away from physical stores tied in with the growth of ecommerce....
Halfords are to appoint Graham Stapleton as its new chief executive, starting in January 2018. Stapleton is currently chief executive of Dixons Carphone’s Honeybee software business, being thought to have played an integral role in the merger of Dixons and Carphone Warehouse. The company’s current chief executive Jill McDonald will...
The continued increase in inflation due to the devaluation of the pound is poised to cause an uplift in commercial property tax. Tom Ironside, director of business regulation at the BRC, added that, "it is highly questionable whether communities across the UK can afford a spike in business rates of...
JD Sports have posted record profits for the first half of the financial year, rising by 33% to £102.7m whilst revenue for the six months to July 29th stood at £1.4bn, up by 41%. As well as the company opening new stores in many of its existing territories, it also...
The Bournemouth-based department store announced that it will be expanding its current portfolio, re-opening McEwens of Perth as a Beales store. The store had closed last year after McEwens went into administration, however chief executive of Beales Tony Brown, has high hopes for the site once it is opens possibly...
Owner of Primark, Associated British Foods announced that the budget fashion retailer’s sales are expected to be 13% ahead of last year. Aided by a 1% growth in like-for-like sales and a rise in retail selling space, Primark sales are expected to be 10% ahead of last year. Easter trading...
Toy retailer The Entertainer announced that its year-to-date profits are currently 5% ahead of its plans, after a period that saw it benefit from the popularity of playground crazes such as Finger Spinners. Founder and managing director of The Entertainer, Gary Grant said, “We’re delighted with this year’s performance so...
According to research commissioned by The Daily Telegraph, the number of shoppers on British high-streets has fallen by almost a quarter in the last decade. The study revealed that footfall had dropped by 22.2% since the start of the financial crisis in 2007, with the rise of online shopping and...
Ahead of opening its flagship store in Meadowhall in Sheffield, online and mail order fashion retailer Joe Browns announced a 23% growth in direct sales in the year to June. managing director of Joe Browns, Simon Brown said, “We have a strong range offering great value and our customers have...
John Lewis has announced that Laura Wade-Gery will be joining its team as a non-executive director. Though currently operating as a non-executive director for British Land and a member of the Government's Digital Advisory Board, she had previously worked as executive director for multichannel at Marks & Spencer from 2011...
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