Fashion retailer Primark has reported that its like-for-like sales are improving after a slow festive period and the company’s profit margins are increasing after “a lower level of markdowns fuelled by a well-managed stock position". Commenting, Primark’s parent company Associated British Foods, said: “Following a strong performance at the start...
A team of advisers have been appointed to British fashion retailer Joules to prepare the company for a £150 million+ IPO. The company will be joining the stock market around April or May when Tom Joule, the majority stakeholder is likely to receive several million pounds. Mr Joule owns 80% of...
Edinburgh Woollen Mill has said that it will “vigorously defend” allegations that it mislabelled scarves as ‘100% cashmere’. The retailer is owned by Edinburgh Woollen Mill (EWM) Group along with Peacocks and Jane Norman. The retailer told the Sunday Times that it “strongly refutes” the claims that suppliers may have blended...
Bosses of some of Britain’s top companies including BT, Marks & Spencer and Vodafone, have signed a letter published in the Times, warning that an exit from the European Union will threaten UK jobs and put the economy at risk. Chairmen and chief executives of 36 FTSE 100 companies have...
Luxury clothing and accessories group Michael Kors has said that Jacqueline Hay, former head of menswear and childrenswear and buying director at House of Fraser, will head up its buying and planning division in Europe as vice president. Commenting on the appointment, Michael Kors' president of EMEA, Cedric Wilmotte said: “Jacqueline...
Etsy international vice president Nicole Vanderbilt has been appointed as a non-executive director at Hubbub.co.uk, the home delivery service for local markets, independent shops and small producers. As Hubbub plan to expand its retail model around the UK, Ms Vanderbilt will be joining founder Marisa Leaf and co-chief executive William Reeves. Commenting,...
It has been announced that Google will go head-to-head with Amazon as it plans to offer a fresh food delivery service, which will be initially be tested across Los Angeles and San Francisco. The service will allow customers to shop from stores such as Costco, Whole Foods and Target all...
Fears of a possible UK exit from the European Union have seen the pound drop sharply against the dollar. The fall of 1.4%, the biggest in 11 months, was in part triggered by the news London Mayor Boris Johnson will be joining the campaign to leave the EU after the date...
Data from MasterCard has revealed that the total number of contactless MasterCard transactions in Europe last year topped 1 billion, a year-on-year increase of 150%. Meanwhile, total contactless expenditure was up 375%, with an average transaction spend of £8.80 as customers not only used their card more often, but for...
Tony Bennett, finance director at Charles Tyrwhitt has been appointed new group finance director at Moss Bros, the formalwear retailer for men, with plans to join the company in August. Mr Bennett, who has been with Charles Tyrwhitt since 2009 and previously at Selfridges Retail as head of commercial finance, will...
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