Spring brings mixed fortunes for John Lewis Friday, 26th April 2013
Sales at John Lewis came in flat at -0.1 per cent for the week as customers chose to make the most of the sunshine instead of shopping. The department store’s online director Mark Lewis on Friday reported “a number of factors” had contributed into make the seven days to 20 April a “challenging” week for the retailer compared to the same time a year before, with customers reportedly soaking up the sun in their gardens instead of on the high street.
Sales rise 23.1% for John Lewis as department store looks to cater for “every eventuality” Friday, 5th April 2013
Sales rose 23.1 per cent year-on-year for the department store group, as Easter purchases boosted strong like-for-like sales and online growth in the seven days to 30 March. The Easter holidays brought a rise in footfall for John Lewis stores, as sales rose 14.6 per cent on the Easter week from 2012.
Hilco strikes £50m deal for HMV Friday, 5th April 2013
After months of uncertainty, it seems HMV could be about to emerge from administration as part of a £50 million deal with Hilco. According to Sky News, a deal between the two companies could be stuck as soon as Friday, with the chain expected to be run by incumbent HMV executives alongside newly-appointed Hilco executives.
Sir James Dyson appoints sons to board of directors Tuesday, 2nd April 2013
Sir James Dyson has appointed his two sons, Sam and Jake, as non-executive directors in his company’s board. Sir James’ son Jake is a 40 year old design engineer while Sam is a 35 year old musician. Both are business owners and both have been present at Dyson’s quarterly shareholder meetings.
Currys accused of mis-selling warranties Tuesday, 26th March 2013
Currys has come under fire as hundreds of customers accuse the retailer of mis-selling extended warranties. A BBC Wales investigation for the consumer programme X-Ray was shown internal documents in which customers claim they were sold a warranty by Currys, even though they had said they did not want one, while others were wrongly told they had to buy a warranty.
Blockbuster secures future as deal saves 2,000 jobs and 264 stores Monday, 25th March 2013
Troubled DVD and entertainment rental chain Blockbuster was bought out of administration on Friday, in a deal that will save 2,000 jobs and 264 of its UK stores. Administrators from Deloitte on Friday announced that restructuring specialists Gordon Brothers Europe have bought the company for an undisclosed sum.
Arcadia Group to introduce series of shopping apps Wednesday, 20th March 2013
Arcadia Group is set to introduce a series of iPad shopping apps for Burton, Dorothy Perkins, Evans, Topman and Wallis.
Samsung reveals the Galaxy S4 at conference in Manhattan Friday, 15th March 2013
Samsung revealed its latest smartphone model, the Galaxy S4 at a conference in Manhattan last night. The new phone is expected to be on sale before the end of April and will be sold in 155 countries. It is the fourth device to be developed as part of the Galaxy S brand which debuted in 2010. The exact release date of the device and its launch price were not announced at the event.
Another strong week for John Lewis as sales rise 13.3% Friday, 8th March 2013
Sales grew by an impressive 13.3 per cent last week as 16 of John Lewis’ department stores reported a double-digit rise in sales figures. The retailer’s new format shops in Swindon and Tamworth lead the way for sales in the seven days to 2 March, up 33 per cent and 25.6 per cent respectively, compared with last year’s results.
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