A "significant” growth in online sales has helped drive a strong Christmas trading performance for Fortnum & Mason. At the end of a year the upmarket retailer posted a 31% rise in annual profits, Fortnum & Mason's like-for-like sales over the five weeks up to 3rd January showed a 15%...
Bonmarche had a shaky Christmas, with like-for-like sales across its 310 stores dropping by 1.3% in the 13 weeks to 26th December. This was balanced by a 3.9% rise in ecommerce, while total sales for the quarter increased by 3.4%. In-store sales declined by 2.7% and online trading also fell 2.4%...
It has been announced that BT and EE are to finally merge after being given the go-ahead from the Competition and Markets Authority (CMA). The acquisition, which has been in the planning since March 2015 and been beset by doubts that it could lead to substantial lessening of competition (SLC) in...
White Stuff has reported strong multichannel Christmas trading with a like-for-like sales increase of 11%. The lifestyle clothing brand saw its total sales climb by 20.1% in the five weeks to 2 January 2016, as the company’s continued investment in multichannel paid off with online sales delivering strong growth at 40.7%. Visits...
John Lewis enjoyed strong trading last week with year-on-year sales growth of 15.6% thanks to its 150th anniversary celebrations. A number of stores in John Lewis saw the celebrations bring a double digit percentage growth in sales and online sales also climbed by 25.8%. David Barford, director of selling, group L &...
The former boss of B&Q owner Kingfisher has been hired as Debenhams new chairman after Nigel Northridge informed the board of his intention to step down in April following two terms of office. Sir Ian has previously been the chief executive of B&Q owner Kingfisher, and is currently a senior independent...
Tesco has said it had a “strong” Christmas trading period, benefiting from lower prices on an outstanding range of products. UK sales rose 1.3% on a like-for-like basis, with group sales up 2.1% and international sales up 4.1% in the six weeks ended January 9th. Dave Lewis, chief executive: "Our Christmas performance...
Home Retail Group, the owner of Argos and Homebase, has said that its annual results are expected to be at the bottom end of expectations following a turbulent 18-week period at Argos and the speculation surrounding a potential sale of Homebase. In the 18 weeks ended January 2nd, like-for-like sales at...
SuperGroup has announced that Steve Sunnucks will be joining the board as a non-executive director from March. Mr Sunnucks brings significant expertise in the apparel retail sector, having held senior executive and non-executive roles in the UK and USA. These include nine years in leadership positions with Gap Inc, culminating...
Children’s retailer Mothercare has today released its trading statement covering the 13 weeks to 9th January 2016. UK figures show that like-for-like sales increased 4.2% in the quarter and online sales rose 11.8% which now represents over a third of total sales in the UK and its gross margin preserved despite...
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