French accessories brand Longchamp has opened its biggest retail store on Regent Street in the heart of London’s West End.The leather goods company opened the store yesterday, trading from 550 sq m over three floors.Features include a kinetic yellow sculpture on the first floor, a wall of colour-blocked small bags...
John Lewis has announced a significant increase in sales, saying that trade built throughout the week across all ranges and ended with a “really strong” Saturday.Along with fashion, sales soared in the electrical, home technology and beauty categories. Online sales increased 15.8%, driven in the main by these same categories,...
The American global doughnut company and coffeehouse chain Dunkin' Donuts is set to enter the UK after agreeing to sign a franchise agreement with The Court Group to open 25 outlets in East London.The chain, which primarily competes with Starbucks and Krispy Kreme, is also in advanced discussions with an...
Morrisons have announced the launch of their new nationwide children’s meal range, which has hit their stores this month.Morrisons, the fourth largest chain of supermarkets in the United Kingdom, will call the new range “Just For Kids” and focus initially on ready meals including homemade favourites such as spaghetti bolognese,...
Online grocery retailer Ocado has said that it has been encouraged by an increase in both orders and basket size, helping third quarter sales to meet expectations at 16.4%.Tim Steiner, CEO of Ocado, said: "We are encouraged by the continuing momentum in sales growth, reflecting an increase in both orders...
Sports Direct will join the top flight of London-listed companies later this month, when it enters the FTSE 100 as part of a planned reshuffle to reflect the market value of firms.In a recent trading update, Sports Direct said that sales had risen 18.2% in the 13 weeks to the...
Online sales and new store openings helped clothing chain Next achieve a 13.8% rise in profit after tax for the half year ending July 27th.Meanwhile, operating profits were at the top end of expectations, up 7.2%, and sales were 2.2% ahead of last year, driven by a combination of additional...
Britain's fourth-biggest grocer, Morrisons, has reported a 10% drop in half year profits as it lagged behind its rivals in the key online and convenience markets.Morrisons entered into a 25-year agreement with Ocado in May to give it access to the online market. However, the fact that its rivals already...
Tesco has entered into an agreement that will see it offload its loss-making US chain Fresh & Easy.Tesco has agreed to sell 150 of its 200 Fresh & Easy stores to investment firm Yucaipa Companies, with approximately 4,000 of Fresh & Easy's 5,000 employees set to transfer to the new...
Apple has unveiled two new handsets: the top-end iPhone 5S and for the first time a cheaper iPhone 5C at a launch event in California.The move marks a change in strategy for the firm, which hasn’t yet launched a product to cater to the ‘lower end’ of the market. The...
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