Sports Direct has announced that Matt Pearson, its acting chief financial officer, is to leave the business. In a statement, the company said Pearson is leaving the business to join another employer. While Pearson will remain in post until 31st December, the company has appointed Herbert Monteith, a long-standing member of its...
Footwear retailer Kurt Geiger has reported that since new owners took over eight months ago, its profits have doubled. The British chain’s EBITDA for the year to December 31st shot up to £20.4 million, while operating profits soared by 50% to £22.3 million. Turnover was also up 10% year-on-year to £281.6 million. Private...
It has been announced that Domino’s Pizza has seen its system sales increase 11.5% to £237 million in its third quarter as the company continue to invest in its store opening programme and its digital platform. Domino’s said it had faced tough comparators in the UK in the second half of...
Department store John Lewis has seen its sales increase 11.5% last week year-on-year. Categories that performed well include electricals and home technology sales where figures were up 16.1% on the same week the previous year, as well as Smart Home and Audio. Other figures show that sales increased in the fashion category...
It has been revealed that health and beauty retailer Boots will be carrying out a voluntary redundancy scheme as the company plans to scrap 500 HQ jobs. First announced in June last year, Boots’ initial plan was to get rid of 700 “eligible” field and head office staff during the course...
Due to open tomorrow at the Livingston Designer Outlet in Scotland will be the first Hamleys outlet store. The store which will cover 1,500 sq ft will stock a range of items at reduced prices. As well as Hamleys, the outlet will also be welcoming fashion retailers White Stuff and Original Penguin,...
It has been reported that Ted Baker has seen a solid first half performance as its pre-tax profit increased 20.5% to £21.5 million in the 28 weeks to August 13th. Group revenue rose by 14.4% to £259.5 million with retail sales increasing by 13.6% despite “challenging” external conditions. UK and Europe...
Fashion retailer New Look has revealed its plans to open more menswear stores before Christmas in locations such as Nottingham, Exeter, Maidstone, Derby and Shrewsbury. As well as the new stores, the retailer is also looking at expanding its existing menswear store in the Intu Trafford Centre to a 2,700 sq...
Re-launching as an online retailer last month in the UK, BHS.com has revealed the first of its two Christmas ranges. The first range includes products such as cushions, bed linen, decorative accessories, throws, textiles, lanterns and candle holders. From the 21st October the second range will be available which will include...
Sportswear retailer Sports Direct has warned investors as the abrupt drop in the value of the pound wiped £15 million off its underlying profits. Back in September and under huge pressure from its AGM and the media, the company reported its expected underlying EBITDA to be about £300 million for the...
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