Fast fashion etailer Boohoo.com has announced that it will be launching a collection of men’s tailored formalwear, made using traditional Italian materials but at low prices to appeal to its 16 to 24-year-old market. The collection, which will be available from August, features jackets, trousers and waistcoats, but purchasing the entire...
Sainsbury's will cut around 800 jobs as part of a restructuring in their stores, which will see the loss of department and deputy manager positions.The cuts are part of a plan, which were publicised in November, to save £500 million over the next three years.Roger Burnley, retail and operations director...
ASOS has announced that it is in collaboration with GB’s Paralympics team to create the formalwear for Rio 2016.The e-tailer is working with the British Paralympics Association to create “stylish” and “unique” clothing for the team to wear at the Rio de Janeiro opening ceremony and has had lots of...
It has been reported that Amazon’s web services division has created sales of $1.57 billion (£1.04 billion) in the first quarter of 2015 and that it is profitable. The rise in sales at the cloud computing division was much bigger than expected with revenues rising by 15% to $22.7 billion, helped...
It has been reported that online retailer eBay had better-than-expected profit results despite the strong dollar hurting the company’s results.eBay reported that for the first three months of this year profits were $626 million (£416 million), and revenues were $4.45 billion which is a 4% rise from the previous year,...
Google has announced that it plans to launch a mobile phone network in the US, Project Fi, which will initially only be available to Nexus 6 handsets.They will use existing wi-fi hotspots from two current mobile phone operators – Sprint and T-Mobile to give them a leg-up by using existing...
Online fashion and beauty store ASOS has announced plans to become one of the first retailers to launch an app for the Apple Watch, which will officially go on sale in the UK.The app will include features such as a Saved Alert which will notify customers when a product they...
Tesco has reported its biggest ever annual loss, the sixth biggest from a UK company.Much of the decline comes from a fall in value of its UK stores, particularly out of town superstores which have seen lower footfall this year.Chief executive Dave Lewis said that the results “reflect a deterioration...
It has been reported that Belfast International Airport (BIA) are suing Air Lingus for £20 million for breaching their contract as they terminated a 10-year deal early.In 2007, Aer Lingus started their contract with BIA, but in 2012, only five years later, they moved to George Best Belfast City Airport.In...
Carpetright has revealed its full-year pre-tax profits will be ahead of expectations after strong UK sales and the European turnaround.The retailer expects to see a £13 million pre-tax profit in June, up from a profit of £4.7 million in its last financial year. Profit in Europeans operation has undergone a...
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