Convenience chain My Local has entered administration, with 1,658 jobs set to be lost if a buyer cannot be found. Administrators KPMG have already said that 93 of the chain’s stores will close with the rest to remain open whilst the search for a buyer continues. The private equity-owned chain was...
This summer, Carnaby Street will be welcoming beauty brand Urban Decay, which will be opening its European flagship store, as well as G.H. Bass. Urban Decay will be based at number 44 with 1,000 sq ft of space on a prominent corner and will provide Carnaby Street-exclusive items as well as...
It has been reported today that supermarket giant Tesco is launching a new Fair for Farmers Guarantee on all fresh milk to build transparent, long-term relationships with its suppliers. It guarantees that Tesco pay all of its dairy farmers a fair price and that every pint of milk purchased is 100%...
It has been announced that Dixons Carphone saw a rise of 17% in its full year profits as its market share hits a record high in nearly all of its markets. Figures show that to 30th April, group like-for-like revenue increased 5% including a 6% rise in the UK and Ireland...
Revealing a world first, department store Selfridges will be launching an in-house theatre to celebrate the 400th anniversary of Shakespeare’s death and as part of its Shakespeare Refashioned event, which will combine fashion and drama in honour of the playwright. The 100-seat theatre is now selling tickets for a production of...
Telecoms giant Vodafone has said that it may move its headquarters out of the UK in order to retain access to the EU's free movement of people, capital and goods following Britain’s decision to leave the EU. In an emailed statement, the firm said that it would take “whatever decisions are...
The Advertising Standards Authority has upheld a complaint from Morrisons that TV adverts by Aldi comparing prices from the ‘big four” to Aldi’s own were “misleading”. The ASA noted that the focus of TV adverts complained about were around saving money on grocery shopping and that it included a number of...
Grocery etailer Ocado has revealed its half-year results which show a 5.7% increase in the six months to 15th May. Figures show that Ocado made earnings before tax, depreciation, interest and amortisation (EBITDA) of £40.4 million in that timeframe, whereas figures for the same period last year were reported at £38.2...
Department store John Lewis has agreed a deal with Irish department store Arnotts to introduce its own-brand homeware products as part of its international expansion plans. Since being acquired by the Selfridges Group in November last year, this will be Arnotts first major new brand initiative and will be part of...
The combined market share of the German discounters Aldi and Lidl has hit a record high of 10.5% with each holding 4.4% and 6.1% of the market respectively as they continue to pull away from the UK’s traditional ‘big four’. The latest grocery share figures from Kantar Worldpanel, published today for...
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