Customers who used their cards to shop at the Co-operative’s stores on Tuesday may have been charged twice in a “processing error” which hit the company’s food stores and petrol stations. A spokesman said that customers would have the money returned to them within 24 hours. A spokesman for the...
Gunmen are reported to be holding several hostages in what French police are calling an attempted robbery in a Primark shop north of Paris.Police say about 10 people are inside shop at Villeneuve-la-Garenne after armed robbers are thought to have entered the shop at 6.30am this morning.At 7am one of...
A new survey by the Confederation of British Industry (CBI) has revealed that over half of employers fear that growth will be held back by skills shortages.The survey of 310 companies, which together employ over one million people, also said that two in three businesses (68%) expect their need for...
Fashion chains Next, Sainsbury’s, Debenhams, M&S and Home Retail Group were among retailers who saw shares sink after announcing they will face significantly higher costs stemming from plans revealed in yesterday’s summer Budget.Shares in UK retailers sank by as much as 3% following Chancellor George Osborne’s announcement of a National...
Bargain Booze owner Conviviality Retail has confirmed that it is in talks to buy Punch Taverns-owned drinks wholesaler Matthew Clark Holdings.Matthew Clark is the UK’s biggest drinks supplier to the nation’s pubs and has been exploring options for a sale since May in order to provide a cash boost for...
Chairman of Arcadia Group, Sir Philip Green, is setting up a £100,000 fund for the students of Fashion Retail Academy (FRA) who want to start a business.The academy celebrated its 10th year at the FRA Awards last night which is where the British billionaire announced his plan.Students, teachers and some...
Maplin has announced that Oliver Meakin will become their new CEO starting from September 1st as well as reporting positive full-year trading results.The current CEO, John Cleland will step down and take a non-executive director role within Maplin and will hand over to Mr Meakin, the current managing director for...
Superdry’s parent company, SuperGroup, has seen shares jump 4.6% after it announced a 12.9% sales rise, beating analysts’ expectations.Gross margins climbed 120 basis points to 60.9%, as retail revenue jumped 17% and like-for-likes rose 4.8%. Wholesale revenues were up 4.9%.For the first 10 weeks of the current year, revenues were...
Wholesale group Booker has said that it will meet full-year expectations, following a good first quarter, with like-for-like sales at both its Booker and Makro businesses rising 0.4%.The group is currently awaiting a decision on the competition watchdog on its £40 million deal to buy retail chain Budgens and Londis.Charles...
George Osborne has announced plans to create a National Living Wage, replacing the minimum wage for workers aged over 25 from next April.The announcement, which should boost the wages of six million people, was part of wider moves in the budget to cut benefits for low paid workers but increasing...
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