Major retailer Marks & Spencer face some difficult questions and the accompanying “tough decisions” over the coming months, chief executive Steve Rowe announced at the company’s annual general meeting yesterday. After posting an 8.9% drop in clothing sales in the company’s first quarter, the retailer is – according to City A.M...
Department store John Lewis saw its sales rise 4.7% year-on-year last week with ongoing clearance items and warm weather products performing well. Figures show that sales increased 9.6% in fashion for menswear and womenswear, with sandals and sunglasses doing well. Other categories that performed well included a 3% growth in electricals...
After an initial takeover bid failed last month, value retailer Poundland has now agreed to a £597 million takeover deal by South African retail company Steinhoff International. Poundland accepted the 222p-a-share bid, in comparison to the undisclosed cash offer from Steinhoff last month which was rejected. The deal also comes after Steinhoff...
It has been reported today that the British Retail Consortium and KPMG has released figures showing that in their monthly retail sales, total sales increased by 0.2%, despite sales slowing down by the end of the month following the EU referendum. Helen Dickinson, BRC chief executive commented it was too...
Luxury fashion retailer Burberry has appointed Marco Gobbetti as its new chief executive to help the company’s falling profit and improve growth rates. Gobbetti who was previously at French luxury brand Celine will be replacing Christopher Bailey, who will now take up the role of president whilst still doing his duties...
Liverpool ONE’s Peters Lane has been chosen to launch The White Company’s North West flagship store. The luxury lifestyle brand will open this autumn in a store covering 5,212 sq ft, featuring its full range of clothing, childrenswear and home accessories. Chief executive, Will Kernan, said: “Our new store in Liverpool ONE...
Majestic Wine, the UK’s biggest specialist wine retailer has been awarded High Street Chain of the Year at the International Wine Challenge Merchant Awards as it has been recognised for its transformational strategy which helps customers find the wine they love with the help of over 900 store team members...
Following the employment of Simon Rosenberg, into the new position head of retail, Musto the lifestyle clothing brand has appointed Steve Jepson as head of sales, also a new position. The newly created position will see Jepson grow the brand’s core specialist distribution and build a complementary presence in premium department...
It has been reported that department store John Lewis aims to increase its own brand furniture and homewares business to £1 billion in annual revenue by 2020, as well as expand its exclusive relationships with external brands. Putting design credentials and quality at the heart of its plans, John Lewis will...
Co-op has snapped up six My Local convenience stores around the UK just one week after the convenience store chain went into administration. Only 32 My Local stores now remain open, with 93 closed down as news emerged last week that the retailer was on the brink of collapse. The My Local...
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