Victoria's Secret and its sister brand, Victoria's Secret PINK, are set to open a regional flagship store in Liverpool ONE. The American lingerie retailer, which has counted some of the world’s best-known models among its ‘Angels’ over the years, will move to South John Street next year. Work on the 10,000 square...
It has been reported today that supermarket giant Sainsbury’s has seen a 17.9% drop in its first half-year profits to £308million, commenting that the market remains “particularly challenging”. Figures show that like-for-like sales decreased 1.6%, with retail sales decreasing 0.1%, excluding fuel. Meanwhile, food sales were down 1% but clothing performed...
Electrical retailer Apple boss Angela Ahrendts has said that she would like to recreate the window shopping experience within the Apple store. Speaking at a New York event, Ms Ahrendts announced the “Avenue” idea which will display its products more like a shop window on a street in a small town...
Dave Lewis, chief executive at supermarket Tesco has warned that retailers face a ‘lethal cocktail’ of tax and costs as the industry faces £14billion of extra expenses over the next five years, including the new national living wage and business rates. Commenting at the Confederation of British Industry’s conference, he said:...
Pandora has seen its UK revenue increase by 50.5% in its third quarter compared with the same period last year, as well as strong growth in its like-for-like sales, which rose by 17.5%. During the period, Pandora opened 10 new stores, bringing the total in the UK to 179. The Danish jewellery...
Supermarket Asda is reportedly scaling back its Black Friday offers after last year’s event saw too many big ticket items being sold at a loss and food sales slumping in the electronics-centred shopping frenzy. Instead of one-day deals seen in 2014, which caused such chaos that some shoppers were arrested in...
The launch of Balmain at H&M caused scuffles on Regent Street as shoppers aimed to get a bargain. With queues starting the day before, police were present to keep the crowds calm along with a police car parked on the pavement. With shoppers ranging from twentysomethings to students in designer hoodies, they...
Supermarket Morrisons has reported that its sales have dropped 2.6% in the three months to November 1st, excluding fuel, in comparison to a 2.4% decrease in the prior three months. The drop comes as the supermarket is holding back on promotional vouchers which has meant customers putting less items in their...
It has been reported that online retailers Argos and Amazon will go head-to-head with each other to deliver goods to customers with its same-day delivery service. Launching its Prime Same Day service, Amazon are offering customers who already have the Prime service to purchase items before midday & receive their goods...
Online fashion retailer Missguided will be expanding its headquarters in Trafford Park, Manchester. The move comes as the company has hired 100 new staff, bringing its total to 320. The 45,000 sq. ft, 4-storey building will be facing Manchester’s Media City. The new headquarters includes a selfie tunnel, a coffee shop, swings...
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