Retail sales in the UK saw a bounceback in July according to the Confederation of British Industry (CBI). The business group’s Monthly Distributive Trades Survey showed that 46% of retailers reported a rise in sales volumes in July, with 25% reporting a fall. The balance of 21% was a significant...
Administrators of lingerie firm La Senza are to close an additional 12 stores over the next few weeks in Cambridge, Brighton, Leeds Trinity, Northampton, Canterbury, Derby, Kingston, Maidstone, Bluewater, Cardiff, Edinburgh and Silverburn Glasgow.The move, which follows the closure of six stores recently, is anticipated to impact 130 employees.“We have...
Low-cost airline Flybe has reported an “encouraging” start to the year, in line with management expectations. In a statement, the company said that the trading performance, which saw a 9.5% increase in passenger revenue, showed the benefit of its “disciplined approach” across four focus areas: capacity, revenue, costs and organisation.Saad Hammad,...
Retail sales in Scotland fell 1.1% in June according to figures from the Scottish Retail Consortium, in contrast to a year-on-year rise across the UK as a whole. The figures, published today, reveal that food sales north of the border fell 1.4% as increased competition in the grocery sector took...
Apple has said that quarterly sales are up 12% on last year following a 13% rise in iPhone sales.“Our record June quarter revenue was fueled by strong sales of iPhone and Mac and the continued growth of revenue from the Apple ecosystem, driving our highest EPS (earnings per share) growth...
Karl Albrecht, who founded discount chain Aldi with his late brother Theo, has died aged 94, reportedly as Germany’s richest man.The brothers went into business in 1948 after selling groceries from their mother’s shop in Essen. Aldi was founded in 1961, taking the name from a contraction of Albrecht Discount...
Newsagent and convenience store McColl’s has seen first half losses widen as it re-arranges its board to split the roles of chairman and chief executive.In the 26 weeks ended May 25th, the group saw a loss before tax of £3.96m, from a loss of £2.47m a year earlier.However, total sales...
Fashion website Boohoo.com has announced the launch of a German language website, its third foreign language site following the launch of the French site in October 2013 and the Spanish site in May 2014. The launch will be supported by a marketing campaign in Germany.In addition to the new site,...
The monthly study performed by Asda’s Income Tracker showed disposable income in June had risen, but there has not yet been a full economic recovery.The retailer discovered that the average household was £1 better off in June compared to June 2013 and had discretionary income of £171 a week.Although this...
The Co-operative Food has announced it has appointed Rob Tindale as its regional acquisitions manager for the North London area.Rob Tindale was previously the acquisitions manager for Budgens and had also worked with the commercial property consultants Rapleys in its retail agency department.In his new role, Tindale’s 12 years’ experience...
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