US office supplies group Staples has said that it will close 10% of its stores in North America after a 10.6% fall in sales for the last three months of its financial year.The chain, which has 1,846 stores in the US and Canada after closing 42 stores in 2013, said...
India’s Bharti Group, the country’s largest mobile operator, is in talks with French retailer Carrefour and Japan’s Aeon with the intention of acquiring a joint venture partner to replace Walmart.Indian regulations allow foreign investors up to a 51% stake in Indian companies, individual states have the right to block foreign-owned...
A British Airways plane was forced to turn back to Heathrow after flames spat out of the engine.British Airways said flight BA0364 to Lyon, France, which took off at approximately 9pm yesterday touched down safely, adding that the aircraft would be "thoroughly checked over by engineers".In a statement, British Airways...
Budget airline Ryanair has said that passenger numbers were up 7% in February to 4.5 million customers.Ryanair's Robin Kiely said: "Ryanair traffic grew by 300,000 to 4.5m customers in February, thanks to the success of our lower fares, our easier to use website and our recent customer service improvements including...
The head of computing systems at US retail giant Target has quit her job in the aftermath of last year’s massive security breach.Beth Jacob is the first senior executive to quit after the breach which cost the company $17 million (£10 million) after 70 million customers’ details were stolen in...
Digital currency Bitcoin has been hit by another crisis after the CEO of an exchange was found dead at her home in Singapore in a suspected suicide.Last week, two high profile exchanges and a bank dealing with the digital currency collapsed, leading many commentators to question the bitcoin’s future.China, Thailand...
Legoland is to close this weekend following threats from far right groups over a private fun day organised by the Muslim Research and Development Foundation.The theme park in Windsor, was due to hold the event this weekend, but it was cancelled following advice from the police.The threats included phone calls,...
US group Radio Shack is to close nearly 20% of its stores as part of a plan to stem losses.The news comes as the firm announced a fall in sales of 10% on last year and a loss of $400.2 million (£240 million) for 2013, up from $139.4 million a...
Fast foot group McDonald’s has said that it may raise its wages in the coming months as public scrutiny mounts over the issue. However, it warned that the move will hit its profit margins if it cannot cover the cost by increasing prices.The announcement follows months of strikes at various...
The British Retail Consortium (BRC) has welcomed a new Trailblazer project designed to help enhance apprenticeships in the retail industry.The Trailblazer projects have been set up by the Government to lead the way in implementing reforms to apprenticeships. Trailblazers are led by employers and involve both large and small businesses...
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