John Lewis saw its sales increase by 12.9% last week as the cooler weather has begun to have a positive impact on trade.The retailer said the start of the week was particularly strong, with sales softening slightly as the weekend approached.Tim Harrison, John Lewis director of store development, said: “The...
Stationery group WH Smith has said that a “strong performance” for the year meant that the chain reported a rise in pre-tax profits of 8%.In the year ended August 31st, the group’s travel division experienced a “record year”, seeing profits rise 11%.Stephen Clarke group chief executive said that the group...
Video game retailer Game Digital is celebrating success in its first full-year results statement since its return to the stock market with a 31% rise in revenue and market share gains in both the UK and Spain.In the 52 weeks ended July 26th, in which it listed on the London...
Unemployment in the UK has fallen to below two million for the first time since 2008, according to the Office for National Statistics.The number of jobless people fell by 154,000 to 1.97 million in the three months to the end of August, beating expectations.Chancellor George Osborne said the fall in...
Like-for-like retail sales fell 2.1% in September, the weakest performance since December 2008, hit by the worst decline in clothing and footwear since April 2012 and March 2013 respectively, hit by the UK’s Indian summer.According to the latest data from the British Retail Consortium and KPMG, customers put off investing...
US shoe brand Converse is suing 31 companies over alleged copyright infringement, including Wal-Mart and Ralph Lauren.The lawsuits filed in New York include companies based in Canada, Australia, Italy, China and Japan.Converse CEO Jim Calhoun told the New York Times, which first reported the story, that “the goal really is...
Supermarket Sainsbury’s has said that it will be cutting the number of reward points it offers by half from April 11th next year, instigating a backlash from customers.Sainsbury’s will offer just one point per pound spent either in store or online and will cease to offer shoppers a point for...
The number of executives suspended over Tesco’s accountancy problems has risen to eight after three more people were asked to leave their posts.Dan Jago, director of beers and wines, William Linnane, director of impulse purchases, and Sean McCurley, director of convenience, were asked to step aside.As part of an investigation...
The Treasury has announced a series of measures to give savers more freedom over how they can access their money tax-free.Currently, savers over the age of 55 can take 25% of their pension as a tax-free lump sum, but under the reforms, people will be able to take money out...
Burberry has announced a 14% of underlying growth in the first half, with strong performance across all regions and continued digital growth.In this six months to September 30th, the company saw total revenue rise to £1.1 billion thanks to growth across all major product divisions, including rainwear, womens Prorsum, leather...
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