It has been announced today that Android Pay has finally landed in the UK after months of rumours. The service has been available in the USA for a while and draws in around 1.5million new users each month. Banks supporting the app include Lloyds, HSBC, Halifax and Bank of Scotland. RBS...
Luxury fashion brand Burberry has announced that it will be streamlining its product ranges and overhauling its retail operations after disappointing full-year results. Pre-tax profits fell to £415.6 million in the year to 31 March, from £444.6 million the previous year. Revenues fell 1% on an underlying basis to £2.5 billion and...
It has been revealed that luxury fashion brand Hugo Boss has promoted Mark Langer, chief financial officer to CEO to boost the business. Mr Langer, who has taken over from Claus-Dietrich Lahrs will hold both chief executive and chairman positions on its board. Since announcing its largest quarterly loss in six years,...
Fashion retailer H&M has reported that it saw a 5% increase in sales in April, which was lower than expected due to the unpredictable weather conditions around the UK and internationally. The company commented “the cold spring which continued into April in several of H&M’s large markets has had an unfavourable...
Beauty giant L'Oréal has appointed company stalwart Vismay Sharma to head up its UK and Ireland division. Having worked for the company for 20 years around the world, Mr Sharma will take up his new position in July. His predecessor, Michel Brousset, is being promoted to president of the consumer...
Premier Foods has announced that the MD of Nissin is to become a non-executive director on its board following an agreement to sell 19.9% of the company to the Japanese firm. Gavin Darby, chief executive of Premier Foods, has come under fire from shareholders who are angry that a proposed takeover...
Luxury fashion brand Michael Kors has launched its biggest European flagship store on London’s Regent Street. The new store, covering three floors will include products such as accessories, home and sunglasses as well as being the first store in the UK to sell menswear. Along with its usual products the Regent Street...
It has been reported that Sir Philip Green could still be making money from BHS as staff and onlookers are hoping a strong buyer comes through. After Sir Philip sold the company for £1 in 2015 an investigation was launched regarding a £571 million pension deficit at the business. Mr Green...
Supermarket group Sainsbury’s is introducing an apprenticeship scheme for software developers, as part of a move to encourage people with an enthusiasm for coding into the industry. Starting this summer, 10 successful applicants will take part in a bespoke two-year programme which will see them sitting at the heart of Sainsbury’s...
Helen Dickinson, chief executive of the British Retail Consortium attended an investiture ceremony at Buckingham Palace on Friday to collect an OBE for services to the retail industry. Prince William, Duke of Cambridge, presented the award, which is in recognition of Ms Dickinson’s “advocacy of retail and positive contribution to the...
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