A recent study conducted by the Federation of Small Businesses (FSB) has shown that the top priority of these smaller firms maintains single market access within the EU. 63% of those surveyed indicated that trade in the EU was a top priority for their company, with the US and Australian...
Earnings growth is forecast to grow at a much smaller rate than in previous years as the dropping value of the pound continues to have detrimental effects in the UK economy. Last year, earnings grew by a significantly higher rate of 1.8% when compared to the 0.1% rise in the...
Whilst figures released in Springboard’s monthly report suggest that the High Street is making a slow comeback with footfall on the rise by 0.1% in February, Retail parks and shopping centres have been hit hard. Retail parks saw a year-on-year drop in footfall of 1.6%, signalling an even faster decline...
In a move to reverse the long-term banking strategy set about by some supermarkets, many have begun to sell off these sites back to land developers. The scaling back of property portfolios can also be helpful due to the acute need for housing meaning more of these sites can be...
Gillian Kent has been appointed as a new non-exec director of Mothercare and will serve on the Audit and Risk and Nomination Committees. Ms Kent was chief executive of real estate portal Propertyfinder until its acquisition by Zoopla, and has also spent 15 years with Microsoft including three years as managing...
Gap has opened a 10,000 square foot store on Bluewater’s lower Rose Gallery which is situated next to the upcoming Missguided shop, which is set to launch this summer. The new shop is the first of a new breed of UK concept stores for the brand and includes women’s, men’s, kids...
Fashion retailer Guess has posted a 86.3% drop in quarterly net earnings, while net profits for the financial year also plummeted by 72.2%. Net earnings for the fourth quarter stood at $6.6 million (£5.3 million), compared to $47.8 million (£38.6 million) for the fourth quarter in the last financial year. On an...
Supermarket chain Morrisons held their first selection event ahead of a move towards using more British suppliers in the coming months. This after they had released a study showing that within the British food industry, more than £39bn worth of food is imported when compared to only £18bn that is...
As all of Britain’s supermarket chains must deal with the effects of a fall in the value of the pound in the wake of Brexit, Sainsburys chief executive Mike Coupe stated that, “The market remains very competitive and the impact of cost price pressures remains uncertain”. This comes after the...
High street retailer Halfords have unveiled their spring sale, with many items being half-price or more with customers to make savings in the process. Tool sets have been reduced by up to 50%, as have select kid’s toys, as the brand attempts to retain customer spending in the face of...
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