Fashion retailer Gap have opened their first concept store, which features a personalisation service in-store. The store will be based in Bluewater shopping mall, and will stock the collections for men’s, women’s and children’s clothing along with their GapFit and Gap Body range of products. It was described as bringing...
As one of the largest sports retailers in Europe, Sports Zone are now being merged with JD Sports in a move to create an Iberian Sports Retail Group. Sports Zone are owned by Portuguese retail company Sonae, who will have approximately 50% of the shareholdings of the company formed by...
The Co-Operative bank is now closer to securing a buyer after almost collapsing in 2013. A £1.5bn hole in their finances brought about rapid and significant losses, even up to 2016 with the bank operating at a loss of £477.1m in that year. This was attributed to ongoing issues from...
Supermarket chain Morrisons has promised its customers to keep hikes in food prices to a minimum, in the wake of rising costs faced on grocery items. The company announced a rise in profits for the first time in six years, with a 1.7% rise in like-for-like sales. A strong Christmas...
Following the fall in the value of the pound brought about by Brexit, inflation on food items in supermarkets has risen significantly. Grocery inflation jumped to 1.4%, marking a near three-year high in the three months to February 26th. Increases were seen on items such as fruit and vegetables, as...
Department store John Lewis saw a rise in sales in the last week of trading compared to the previous year. Much of this was attributed to the company’s Never Knowingly Undersold policy, which sees the company price match competitor promotions which has been in place for several years now. Departments...
Customers, according to the British Retail Consortium, saw a reduction in the rate of shop price deflation compared to January. Overall deflation slowed from 1.7% down to 1%, marking what was described as a sharp deceleration, with non-food items slowing from a 2.3% drop to a 1.8% one in February....
An appearance on the business show, Dragon’s Den, has helped boost the sales of one entrepreneur’s product. Founder of the device, Craig Knott suggested that despite leaving the show with no investment on his Patlock product, sales had grown significantly in the aftermath of the episode’s broadcast. In response to...
After failing to find a buyer to rescue it from failure, over 800 jobs have been cut at Budgens. Owned by Food Retailer Operations Limited, the company was put in administration in February after enduring “difficult” trading conditions. Out of 34 stores, nine closed last weekend and rest will shut down...
It has been reported that Flannels will be opening its first store in Scotland this spring. The 756 sq m store will offer a variety of footwear and accessories as well as luxury and premium designer clothing. A spokesperson for Flannels said: “With constant footfall and a strong reputation, Silverburn is the...
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