Japanese company Fast Retailing Co Ltd who own fashion brand Uniqlo, have announced significantly improved second quarter with operating profit up by 80%. Total profit came to 42.1bn yen, up from 23.4bn yen the previous year. The figures showed that the company had in fact exceeded the expectations of analysts,...
A boost in exports brought about by the decline in the value of the pound has resulted in a boost in confidence in small firms, according to the Federation of Small Businesses (FSB) Small Business Index (SBI). The latest index stood at 20.0 in the first three months of 2017,...
Sainsbury’s have announced plans to accelerate the rollout of Argos stores in its supermarkets, as part of the integration between the two retailers. The grocery retailer took over both Argos and Home Retail Group last year, costing a total of £1.4bn, and are now committed to opening 250 Argos concessions...
Profits from the 6 months to February 28th rose by 2% on the same period last year, with the retailer amassing a total of £643m in this time. Like-for-like sales in its high-street stores fell by 3% however much of this was offset by an increase of 5% in sales...
International law firm Eversheds Sutherland have landed a key role working with fashion brand Jaeger during their administration process. The directors of the brand appointed administrator yesterday, after being unable to find a buyer for the business, and in the process putting its 46 stores and 63 concessions as well...
According to the latest data research by PwC for the Local Data Company, stores in Scotland closed at a faster rate than anywhere else in the UK. The study showed that 366 stores had closed in 2016, whereas only 254 new ones opening leading to a net drop of 3.44%....
UK retailers saw sales drop for the third consecutive month in a row, with analysts suggesting that the rise in living costs in the wake of Brexit continues to have a significant impact on consumer spending. Sales in March were said to be down by 1% when compared to last...
Popular Canadian café Tim Horton’s is set to expand its operations into the UK market, with the first store to be located on Argyle Street in Glasgow. The chain, owned by Canada’s Restaurant Brands International (RBI) last year set out plans to open locations nationwide within the next 12 months....
Fashion chain Jaeger have appointed Alix Partners as its administrators as it failed in a bid to find buyers for its 46 stores. The company has failed to turn a profit the firm was purchased in 2012 by private equity veteran Jon Moulton. As a result of its administration, 680...
The Competition and Markets Authority (CMA) have announced they will launch a formal investigation to the proposed merger deal between Tesco and wholesaler, Booker. Worth £3.8bn, the move was announced at the end of January sparking objections from many competitors who suggested the move would give the supermarket too much...
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