Greggs’ decision to close its in-store bakeries has benefitted its operating margin, as the chain announced a “strong” first half. In the 26 weeks to July 4th, Greggs saw total sales rise 6.4%, with own shop like-for-like sales up 5.9%. The company said that its shop refurbishment programme was “progressing well” with...
Lloyds Pharmacy has announced that it is to buy Sainsbury's pharmacy business for £125 million. LloydsPharmacy has agreed to acquire 281 pharmacies in total, including 277 in-store pharmacies and four located in hospitals, all of which will be rebranded as LloydsPharmacy.In a statement, Sainsbury’s said: “ Sainsbury's and LloydsPharmacy customers will...
In autumn Lucy Choi will open her first standalone boutique, which will sit in the heart of Connaught Village, London.Lucy Choi is becoming less known as ‘Jimmy Choo’s niece’ and more as an entrepreneur and renowned luxury footwear designer in her own right.The new store opening represents the beginnings of...
Fashion retailer Next has said it is going to hit its annual sales and profit forecasts after seeing a 3.5% increase in full price sales in the first half of its financial year.Figures show that Next’s retail sales increased by 0.8%, along with catalogue sales and Next Directory online rose...
It has been announced today that Destination Maternity, a US maternity clothing retailer has a new concession at Harrods called A Pea in the Pod, on the fourth floor neighbouring childrenswear.The concession includes A Pea in the Pod's denim collection as well as AG Jeans, JOE’S Jeans, PAIGE Denim, 7 For...
Home Retail Group has appointed Ella Bennett, formerly of information technology solutions company Fujitsu as group HR director. She will take up her post on August 3rd. Ms Bennett was HR Director for the UK and Ireland at Fujitsu, as well as previously serving as transformation director, responsible for leading a...
LaSalle Investment Management has sold the Snipe Retail Park to Orchard Street Investment Management on behalf of St James's Place. The park is host to 15 retailers, including B&Q, Next and Dixons Carphone.Tom Chadwick, investment transactions manager at Orchard Street, said: “Snipe Retail Park is an excellent addition to our...
Owner of Alton Towers, Merlin Entertainments, say The Smiler crash that happened in June this year may affect profits by up to £47 million.With the theme park temporarily closing due to four people being seriously hurt, the owners said the accident had “an adverse impact on trading” at the beginning...
Low cost airline Ryanair has announced today that it has seen a 25% increase in quarterly profits and reports that its full-year results will be at the higher end of expectations.Figures show that for the three months to June, net profits were EU245 million (£174 million) which is EU197 million...
The Government’s new Fit for Work scheme is beginning its rollout. The free service is aimed people that have been on long-term sick leave.Occupational health assessments have begun to help people who have been in work for four weeks or longer get back into work.GPs in the active areas where...
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