Lidl, Britain’s fastest growing grocer, has publicised its commitment to the National Farmers’ Union Fruit and Vegetable Pledge. The pledge will ensure that security for suppliers, price certainty, fair terms and elimination of waste is at the top of the retailer’s agenda. Lidl has worked closely with a number of its farmers...
It has been announced that Intu, the shopping centre operator and Queensland Investment Corporation have exchanged contracts as Intu paid £410 million to acquire the remaining 50% of the Merry Hill shopping centre. The estate was bought in 2007 by Queensland Investment Corporation, however in 2015 they decided to exit the...
Drinks retailer Majestic Wine has reported its full year results have stayed in line with the company’s three year transformation plan. Figures show that full year sales shot up 41.3% from £284.5 million last year to £402.1 million this year and profits before tax increase 74.5% year-on-year. With a positive performance,...
Department store Debenhams is expected to post stagnant results on Wednesday as it struggles to keep up with its high street competitors. The company predicts that like-for-likes will remain flat for the third quarter as a result of pressures from falling shopping centre footfall and clothing price deflation. James Collins, analyst from...
Department store John Lewis has announced that it will be launching its first ever luxury ready-to-wear fashion label, Modern Rarity collection in September as part of a development plan for its womenswear proposition over the next five years. The collection has been designed in house by Jo Bennett, head of buying...
It has been revealed that investor group Midlothian Capital Partners and Hattington Capital have bought Dobbies Garden Centres, which are owned by Tesco and the supermarket will be receiving £217 million. Chief executive at Tesco, Dave Lewis, said: "It was a difficult decision to sell the business, but we believe this...
Retail sales were boosted in May as warmer weather encouraged consumers to spend more both online and on the high street. The Office for National Statistics noted that the quantity of retail sales rose by 0.9% from April and is up 6% on the same time last year. An online sales...
Sports retailer JD Sports has said that the Euro 2016 has boosted its sales in the past few weeks and has now forecasted "excellent results" for the first half of the year. In April, the sportswear retailer saw profits soar by 45% to £131m, a record set of results. Peter Cowgill, executive...
The owner of Simply Be and Jacamo brands, N Brown has revealed that its revenue in its first quarter of its financial year has dropped; however this was in line with their expectations so remains unchanged. Figures show that group revenue fell 0.2% and product revenue dropped 1.6% in the 13...
After department store Marks and Spencer cut Sunday pay, Prime Minister, David Cameron has given retailers a formal warning about undermining the new national living wage. Not only has the retailer cut Sunday pay, they have also cut anti-social hours pay and bank holiday pay which will roughly leave 11,000 staff...
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