It has been revealed that WH Smith, the book and stationery retailer, is to operate two airside stores in Alicante International Airport after obtaining a five-year contract. The design for the stores at the airport will be in keeping with the look of the airside lounge. As well as increasing the...
Shares in SuperDry’s parent company jumped yesterday, following double digit rises in both profit and revenue which triggered its first special dividend to shareholders. In the year to April 30th, the company said that “significant strategic progress and strong sales and profit growth” meant that the group would be issuing its...
Ikea has opened its 19th UK store in Reading, marked by a tree-planting ceremony with Swedish ambassador Nicola Clase and Gillian Drakeford, IKEA UK & Ireland country retail manager. The store will employ over 370 people across a 32,000 sq m store encompassing a 450-seater restaurant, a Swedish Food Market and...
Blakemore Retail, owner of the Spar convenience store chain, has bought seven My Local stores out of administration. The announcement comes a week after the Co-operative Group said that it would buy six of the stores when the store chain went into administration two weeks ago. The stores purchased by Spar are...
Women’s fashion retailer Hobbs has revealed that Mehul Tank has been appointed to the role of chief financial officer. Taking over from Simon Luscombe, who will now head up Hobbs’ omnichannel trading, Mr Tank, who has 20 years’ experience in finance and operations, starts his role instantly. Meg Lustman, Hobbs chief executive,...
McColl’s, the newsagent and convenience chain, will be acquiring 298 stores from the Co-op Group at a cost of £117 million. The deal is currently awaiting approval of both shareholders and the Competitions and Markets Authority. McColl’s will also place 10,460,732 shares to new and existing investors to raise approximately £13.1...
It has been announced that lingerie firm Victoria’s Secret has launched its new North West regional flagship store at Liverpool ONE’s South John Street, joining a host of other flagship stores such as Zara, Ted Baker, Reiss, Hugo Boss and soon The White Company. The store, covering 9,200 sq ft...
Amazon has said that its second annual Prime Day boosted year-on-year sales by 60%, with estimated figures topping £300 million, making the event bigger than Black Friday. “We want to thank our tens of millions of members around the world for making this the biggest day in the history of...
Online auction site eBay is reportedly considering setting up a physical presence in Sainsbury’s stores, building on its current presence in Argos. The deal could create 1,000 new jobs in Argos, which was recently acquired by the supermarket for £1.4 billion. A Sainsbury’s spokesman says: “In terms of what happens...
Tesco has said that it will stop selling eggs from caged hens by 2025, following a petition by a teenager which attracted 280,000 signatures. The supermarket said that the move was due to a review of its egg sourcing, which would mean a gradual shift away from caged hen eggs in...
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