Burberry has announced a slowdown in their first quarter retail revenue growth despite the brand’s iconic trench coats and checked scarves’ sales remaining strong.The retailer’s first-quarter growth was 8%, slightly down from the 11% growth in the previous three months. Sales in Hong Kong and mainland China were weak while...
The Confederation of British Industry (CBI) has commented on the latest ONS labour market data for the three months to May 2015, showing that unemployment rose by 15,000 and employment fell by 67,000 to 30.98 million – the first fall in two years. Neil Carberry, CBI director for employment and skills,...
New payment technology Apple Pay is now live in Britain. From today, UK cardholders who bank with MBNA, RBS, Santander and Nationwide will be able to upload their cards to their phone and use the system. Customers from HSBC, Lloyds and TSB will also be able to use the service...
It has been announced that US food giant Yum Brands has seen sales drop for a fourth consecutive quarter in China.Yum, which owns KFC and Pizza Hut has seen revenue decrease worldwide by 3% to $3.1 billion in the three months to June 13th.Chief executive, Greg Creed said: "The China...
American retailer J.Crew is opening a chain of value stores to attract more customers, following in the footsteps of Gap’s Old Navy brand.J.Crew has struggled with its sales for a number of consecutive quarters and cut 175 jobs and senior positions as the firm came under attack for increased product...
Sports Direct has performed well, coming in just behind B&Q-owner Kingfisher in the FTSE 100 retailer’s pay league, with the average worker taking home £5,000 more even than at major clothing retailers.Marks & Spencer came third in the league, with an average wage of £16,900 whilst Morrisons beat its supermarket...
Ethical cosmetics and beauty retailer Lush has announced that it is to roll out free internet across its 105 stores in the UK.Subhash Sreedharan, global head of technology at Lush said “In Lush stores we are focusing on simplifying and enhancing the customer experience as well as encouraging shoppers to...
UK retail sales saw a 1.8% increase on a like-for-like basis against June 2014, according to the British Retail Consortium, the strongest growth in 18 months.Total Food sales grew again in June for the seventh month in a row, excluding Easter distortions, ahead of their 0.3% decline over the last...
The finance director of French Connection has announced he is to stand down having accepted a position at LSL Property Services. French Connection said that a search for Adam Castleton’s replacement is underway.Mr Castleton previously held senior finance roles in companies including O2, The Walt Disney Company, eBay, Polo Ralph...
Eurozone markets are lagging behind international markets in their attractiveness to retailers looking to locate their stores, says the ARCADIS Retail Operation Index. The index compares the ease of operating for retailers in 50 international markets. Hong Kong, Singapore and the USA lead the ranking, respectively, while Germany (7th place)...
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