A number of key Japanese companies have suspended operations after a second powerful earthquake hit the country in the space of a week. Electronics giant Sony, as well as car manufacturers Toyota and Honda have suspended manufacturing in the wake of the quakes, which are thought to have killed at least...
Fashion retailer Abercrombie & Fitch has announced it has hired Ashely Price as senior vice president and creative director of marketing. Ms Price brings a lot of experience having been senior vice president at J Crew, overseeing all divisions of the company such as Crewcuts, Madewell and J Crew. Reporting to Abercrombie...
Michael Sharp, CEO of Debenhams, the second largest department store in the UK, has confirmed his resignation as the company reported a 5.5% increase in its first-half profits. Mr Sharp will continue to act as chief executive until a successor is announced. Latest figures for the company show that underlying pre-tax...
As part of a new global Health and Wellbeing Ambition plan, Mars Foods has said that it is advising customers that many of its products should not be an everyday meal choice. In a statement, the company, which also produces the Uncle Ben brand, said: “Through the Health and Wellbeing Ambition,...
New West End Company, which represents the businesses in London’s most iconic shopping destinations, has promoted its deputy chief executive Jace Tyrell to the top job. Mr Tyrell was previously managing director of external affairs at the group and during his time at the company he oversaw the recent creation of...
Children’s retailer Mothercare has said that performance in the UK saw an improvement for the final quarter of its financial year, although its international division continues to be hit by “ongoing economic and currency headwinds”. The group, which is mid-way through a turnaround plan, saw UK like-for-like sales rise 2.1% during...
It has been reported that despite the “difficult” market, Poundland is expecting its full year underlying pre-tax profits to be in line with expectations. Figures show that total sales rose 29.5% in the 13 weeks to 27th March, excluding Spain, as the company benefited from the addition of the 99p Stores’...
DIY retailer B&Q are offering almost 27,000 employees two years’ compensation as they continue to discuss pay packages. This is due to complaints from staff regarding plans to slash employee benefits. In response to the introduction of the ‘living wage’, the company lowered Sunday pay, bank holiday pay and staff bonuses...
Department store group House of Fraser has announced that it has returned to profit for the first time in ten years. In the 12 months to January 30th, the group saw pre-tax profits of £1.3 million compared to last year’s £2.9 million loss. Meanwhile, online sales rose 27% after improvements in its...
JD Sports has announced record results after annual pre-tax profit rose 57%. In the 12 months to January 30th, revenue rose to £1.82 billion from £1.52 billion the previous year, in a “very pleasing” performance. Sports fashion saw like-for-like sales growth of over 10% for the second consecutive year, whilst the...
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