The fashion retailer Ted Baker has appointed Andrew Jennings as a non-executive director.The former Karstadt Group chief executive will be joining the Ted Baker board on 1st February and will be appointed to the Audit, Nomination and Remuneration Committees.Jennings has held senior positions at a number of UK and international...
Supermarket group WM Morrison has warned full-year profits will be at the bottom of market expectations, after like-for-like sales dropped 5.6% over the festive period.In an unscheduled trading update, chief executive Dalton Philips admitted Morrisons has suffered a "disappointing" Christmas and that the UK grocery market had been "very tough".The...
Tesco - Britain’s biggest retailer- has reported a 2.4% drop in like-for-like sales in the run-up to Christmas, as it struggles to turn its performance around.Philip Clarke, chief executive of Tesco, said the drop in sales was due to the "weakness" of the grocery market as a whole but that...
The British Retail Consortium had said that retailers that resort to using deep discounts to attract cash-strapped consumers has lead to prices in British shops falling at their fastest pace in seven years. Over the Christmas period, retailers battled to gain more customers with high discounts on clothing, furniture and electricals.Paul...
The British baby products retailer Mothercare has issued a profit warning after a tough Christmas trading period in Britain and international market sales being weaker than the company had expected.Mothercare reported like-for-like sales for stores that had been open for a year or more had declined 4.4%, as weaker footfall...
Sainsbury’s today reported to have had its best ever Christmas despite tough trading, with like-for-like sales growing by 0.2% in the festive quarter.Like-for-like sales at the supermarket for the 14 weeks up to January 4 were up 0.2% excluding petrol, with total sales for the quarter up 2.7% excluding petrol.Monday...
Aldi and Lidi have confirmed that they have had a record festive season after industry sources suggested that the two companies saw sales increases of 20% compared to last year.The German discounters had declined to reveal their sales numbers but Aldi did admit that it had enjoyed its “busiest Christmas...
The cosmetics retailer Lush defied the Christmas slump after reporting sales of £20m in its 106 UK stores.The brand, which sells handmade fragrances and soaps also saw its internet sales surge by 27.7% as customers shopped online this year for their Christmas gifts.Kim Coles, Lush finance director, said: “Customers are...
Dunelm’s new catalogue and first TV ad campaign have helped like-for-likes increase 2.9% in its second quarter.The 131-store retailer has planned to open seven new shops by the end of 2014, and is targeting to open a further 200 in the long term after experiencing a jump in sales of...
Maplin has announced it will be opening its first airport store in Glasgow next month after reporting a 5% increase in like-for-like sales over the Christmas period. This is a step up from the 2.5% growth experienced on average in the second half of 2013.The store will feature three internet...
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