Dixons Carphone is launching an “emergency service for the connected world” to help customers maintain their home electronics. The electrical and telecommunications retailer is seeking growth in the face of continued competition from rivals such as Amazon. The ‘home gadgets’ emergency service will give customers the chance to have their home...
Private equity firm Cinven has bought luxury footwear retailer Kurt Geiger for £245million. Cinven, which previously owned restaurant chain Pizza Express as well as bookmakers William Hill and gym chain Fitness First beat the likes of Lion Capital, previous owner of Jimmy Choo to win the business as it plans to...
Kantar Worldpanel has revealed that total UK grocery market sales increased by 0.1% in the 12 weeks to 6th December in comparison to the same time the previous year. Head of retail and consumer insight at Kantar Worldpanel, Fraser McKevitt, said: “Although slow growth means a distinct lack of seasonal cheer...
New figures have shown that UK retail footfall was 2.1% lower in November compared to the same month last year. The data from the British Retail Consortium and Springboard in their monthly footfall monitor shows that high streets and shopping centres saw further drops in footfall with respective drops of 3.4%...
It has been announced that Intidex, the company that own fashion retailer Zara, has seen its sales rise 16% year-on-year to 14.74bn (£10.6billion) in the first nine months of its financial year and remain positive about its prospects in China despite a fall in the economy. Inditex remain confident about its...
Greene King chief executive Rooney Anand has been appointed by Morrisons as a non-executive director and senior independent director. Anand joined Greene King as managing director of its brewery company in 2001 following a career with United Biscuits and Sara Lee. He was subsequently appointed as chief executive in 2005. Credited with changing Greene...
Supermarket giant Morrisons has slashed its petrol price to less than £1 a litre, saying that it hopes to keep the price at 99.9p for as long as possible. With the competition heating up towards Christmas between the other major supermarkets, Asda already cut its price for three days to 99.7p...
It has been reported that department store John Lewis saw its sales increase 3.5% year-on-year making its total sales £165.6million. As well as in store, johnlewis.com also saw an increase from last year of 13.6% and parcel deliveries rose 22.4%. Director of selling, north and new formats at John Lewis, Maggie Porteous,...
IKEA has reported that its full year total sales have increased by 11.2% to €31.9 billion. Together with the rental income from its shopping centre business, total revenue amounted to €32.7 billion in the year to end August which marked a rise of 11.5%. Net profit rose by 5.5% to €3.5 billion...
The White Company has released figures suggesting that its full year profit to 28th March almost doubled from last year. The figures show that operating profit increased 97% to £12.8million from £6.5million in the same time frame as last year and its total sales rose 13.8% to £163.6million from £143.8million. The company,...
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