Accessories Amazon Asda Christmas Expansion & Franchise Fashion HR News High Street John Lewis London Marks & Spencer Media News Results Retail Retail and Consumer Industry Retail news Sainsbury's Store Tesco UK brand china consumer deal deals and rumours department department stores e-commerce electricals expansion fashion news food grocer group launch luxury morrisons my online online retail people profit property retail property retailer sale sales supermarket waitrose
Hard work “paying off” as Dixons' Q4 sales rise 13% Thursday, 16th May 2013
Dixons Retail on Thursday reported like-for-like sales in its final quarter rose 13 per cent in the UK and Ireland, as strong demand for tablet computers continued. The electrical goods retailer, which also operates Currys, PC World and Dixons Travel, is now expecting year profit to come in at the top end of market expectations.
Net profit up 103% as Ferragamo goes from strength to strength Tuesday, 14th May 2013
Salvatore Ferragamo Autumn/Winer 2012 campaign. Luxury Italian fashion house Salvatore Ferragamo revealed a 103 per cent growth in net profit for its first quarter of 2013 to EUR 24 million, compared to the same period a year before. The Florentine company reported a 9 per cent rise in turnover for the quarter to EUR 282 million, and a 29 per cent increase in EBITDA to EUR 39 million.
Prada beats forecasts as Q4 profit surges 36% Friday, 5th April 2013
The Italian fashion power house reported a 36 per cent rise in net profit for the fourth quarter to EUR 217 million, as it focuses its next stage of global expansion on the Middle East and the Americas. Prada SpA managed to beat the average forecast for its final quarter to 31 March, which was set at EUR 202 million in a poll by Thomson Reuters I/B/E/S.
Jacadi continues UK expansion with new Knightsbridge store Wednesday, 26th September 2012
Set to make its UK debut on the King’s Road next month, French children’s wear label Jacadi will add another store to its expansion plans, having signed on an additional property in Knightsbridge. Taking on a new 10 year lease, Jacadi’s new store operates across three floors on Brompton Road, joining Harrods, Burberry and Massimo Dutti at one of London’s most prestigious shopping locations.
H&M reveals location of first southern hemisphere store Wednesday, 29th August 2012
Swedish multinational company Hennes & Mauritz will open its first store south of the equator in Chile for early 2013. As the world’s second largest clothing retailer behind Inditex, H&M is thought to be keen to expand into new regions, after previously focusing its efforts on Asian and North American markets.
South Ken sees luxury store rates soar Tuesday, 24th January 2012
South Kensington is the latest area in London to be caught up in a bidding war amongst luxury retailers keen to grab a retail location, whatever the price. The latest deal at 48 Pelham Street, at the junction of Brompton Cross, has set a record for rent in the area. American designer Caroline Herrera successfully outbid rivals for the lease of the 2000 square foot store.
Samsung announces record £26.9bn investment for 2012 Wednesday, 18th January 2012
Samsung Group will raise its 2012 investment to a record £26.9 billion, accentuating the divide between the dominant South Korean group and its struggling competitors. For the year ahead Samsung is hoping on logic chips and OLED displays to repeat the roaring success of flash chips, computer memory chips and LCD flat-screens of previous years.
Smartphones Q4 profit up 73% Friday, 6th January 2012
The world’s top maker of memory chips and smartphones on Friday reported a record quarterly profit. After surging past Apple as the world’s top smartphone maker in the third quarter, Samsung is now building on its supremacy with new designs and a strong product line-up. The South Korean firm posted KRW 5.2 trillion (GBP 2.91 billion) in quarterly operating profit, beating a consensus forecast of KRW 4.7 trillion by Reuters analysts.
North-south divide in Britain widest since 2008 Thursday, 10th November 2011
The north-south divide in Britain is now at its worst since the beginning of the recession as households in the north-east and Yorkshire are among the hardest hit by skyrocketing unemployment and falling house prices, according to reports.
Shop vacancy rates stand at 14.5 % Thursday, 8th September 2011
Shop vacancy rates stabilized in 2011 but the gap between the best and worst towns had widened.
The figures demonstrate that 14.5 per cent of shops remain empty. The report, carried out by the Local Data Company, highlights the significant divide the North and South. The average vacancy rate in the south stands at 11 per cent or below while in the Midlands and the North rates push closer to 13 per cent in the former and 16 per cent in the latter.
The top ten worst performing centres are in the West Midlands and the North while seven out of the top ten best centres are in the South.
Medium sized retail centres performed far better than their larger counterparts, averaging 14 per cent in comparison to the 17 per cent in their larger cousins.