Adidas has announced that it is to terminate its sponsorship of the athletics world governing body, the International Association of Athletics Federations (IAAF), four years early. The decision is thought to be a direct result of the doping and corruption allegations and may result in the IAAF losing tens of millions...
Kingfisher, the owner of B&Q, has announced a drive to increase annual pre-tax profits by £500 million within five years and return £600 million to its shareholders. Véronique Laury, chief executive, said the goal was to "leverage the scale of the business by becoming a single, unified company". Following the sale of...
Marks & Spencer has launched dedicated websites in Australia and New Zealand in order to crack the international market outside of Europe. At present, shoppers in Australia purchase via the UK website which delivers to over 30 countries worldwide. The new websites will feature tailored editorial content marking appropriate items for...
Waitrose has seen sales of ‘affordable fine dining’ grow in the past week, including restaurant-quality ready meals, shellfish, exotic fish and caviar. Venison saw big increases, due to increased availability, with sales rising by 36%. The news co-incides with the supermarket’s new TV campaign pushing its value-based proposition including its ‘pick your...
Independent grocer Nisa has appointed former Amazon executive Steven Cook as head of IT operations. He will be tasked with developing the IT and support systems at the company. “We are really pleased that Steven is joining Nisa to further strengthen our excellent and experienced IT team as we embark on...
British shoe chain Brantano has gone into administration after Christmas trading and footfall fared worse than expected. Accountancy firm PwC has been appointed administrators. The company, which was bought along with Jones Bootmaker by private equity firm Alteri in 2015, blamed unseasonable weather for weak consumer demand. Tony Barrell, lead administrator at PwC,...
Latest figures show that 64% of retail staff support the proposal for an extra two hours Sunday trading at the bigger stores on Bond Street, Oxford Street, Knightsbridge and Regent Street. Figures also show that 69% of staff around Croydon, West Croydon, Stratford and further areas also support the extension as...
Business growth in Pets at Home’s third quarter has risen, as the chain announced the acquisition of a veterinary hospital. The UK pet shop chain said like-for-like its sales over the three months to December 31st 2015 increased by 2.2%. A high demand for vet and grooming services has helped boost total...
A return to growth in cycle sales over Christmas has helped Halfords to get revenues back on track after a patchy summer. In the 15 weeks to January 15th, Halfords saw like-for-like sales rise 0.3%, boosted by a 1.1% jump in cycle sales. As a result, Halfords said that its expectations...
Waitrose launches new ‘value-focused’ TV campaign Upmarket grocer Waitrose is to launch its first TV advertising campaign that will focus on value, in order to counter the rise of low cost rivals such as Aldi and Lidl. The supermarket was overtaken by Aldi as the sixth largest grocery chain in the UK...
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