Gillian Ridley-Whittle, the development and buying director for Marks & Spencer is leaving the retailer after only a few weeks in her new position. The move follows the exit of the retailer’s “knicker queen” Janie Schaffer in the summer and head of merchandising Cathy Haydon in September.M&S’s non-food sales have...
Merlin Entertainments has said that it is planning to issue shares equating to 20% of the company to the public in an effort to reduce the company’s debt.The group, which runs the Legoland, Thorpe Park and Alton Towers theme parks, has a turnover of £1 billion a year and is...
Iconic footwear company Dr. Martens is to be sold to private equity firm Permira, generating £300 million for the family who have owned it since 1960.Originally designed as workwear, the famous boots are now a part of popular culture. It will be the second time in two years that the...
Bonmarche, previously part of the Peacock Group, has announced plans to return to the UK stock market, with 40% of shares to be publicly traded after an IPO in November.The chain was acquired by Peacock Group in 2002 but was sold off when the group collapsed early last year.Bonmarche sales...
WH Smith’s website is back online having been down for a week following the revelation that it was selling abuse themed pornographic e-books.The company said that the titles were “unacceptable” and the website was taken down completely on Monday.WH Smith takes e-book content from Kobo.com which has since suspended the...
Online auction site eBay has said that profits and sales missed forecasts in the fourth quarter after the weak economic climate in the US hit shoppers.Shares in the company fell as much as 5% on the news, as the fourth quarter is a key shopping period for the company."US e-commerce...
Official statistics have shown that UK retail sales rose 2.2% in September, beating forecasts.Analysts had anticipated a rise of 2.1%.The Office for National Statistics (ONS) said that, with three month-on-three month growth rates increasing for seven consecutive months, these estimates show an underlying trend of growth in the retail industry.Of...
The Office for National Statistics (ONS) has said that unemployment rate has dropped to 7.7% from 7.8% the previous quarter. However, the number of people working part time because they cannot find full time employment rose to the highest figure since records began in 1992.The Bank of England has said...
The head of HMV Digital has said that the company will make its digital offering a key part of its strategy as it launches a new app featuring sound and image recognition to source products for customers. The app will allow customers to preview tracks by scanning CD covers, posters...
Mother and baby group Mothercare has said that second quarter group sales fell 0.5% due to slow sales in its home market of the UK.The company reduced its selling space by 6% in the UK as loss making stores were closed, although this combined with strong comparatives meant that UK...
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