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Next Directory expected to break £1bn barrier Monday, 19th March 2012
It’s been revealed that Next’s Directory business is thought to have reached £1 billion in sales, ahead of the retailer’s full-year results on Thursday. According to the Independent, Next’s online and catalogue business also saw its operating profit rise 16 per cent to £257 million in the year to 28 January.
Sunday trading laws could be suspended for Olympics Monday, 19th March 2012
George Osbourne has continued his campaign to see the Sunday trading laws in the UK suspended during the eight weekends around the London Olympic Games this summer. The BBC on Sunday reported that the Chancellor will propose emergency legislation so large shops across England and Wales will be able to trade for longer than six hours on Sundays.
On the bread line: Premier Foods announces £259.1m loss Monday, 19th March 2012
Premier Foods on Monday announced a £259.1 million pre-tax loss for 2011, as the Hovis owner fought against tough price competition in the bread market. According to the BBC, trading profit in Premier Food’s bread division fell 90.4 per cent to just £3.4 million.
Starbucks fetes juice bar opening Monday, 19th March 2012
Starbucks will on Monday open the first store of its juice bar chain Evolution Fresh, as it looks to move into the USD 50 billion health food sector. The first juice bar in Bellevue, Washington, is likely to be closely scrutinised by analysts who remain sceptical of the margins a health food store could bring, according to a report by Reuters.
John Lewis sales rise 14.2% with Mother’s Day splurges Friday, 16th March 2012
The department store delivered its best increase so far for the new half, last week, with a 14.2 per cent rise in sales. Sales at the department store’s online operations grew 37.5 per cent on the previous year, with Fashion, Electricity and Home Technology and Home all managing double-figure increases.
Harrods opens new Apple store at 10am Friday, 16th March 2012
Harrods yesterday announced that its in-house Apple store stocking the new iPads will open on Friday 16 March at 10am. The world-famous department store on Thursday tweeted that Apple fanatics would be able to get their hands on the brand new iPad in its Knightsbridge store from 10am:
“The new Harrods Technology department opens tomorrow morning complete with an Apple Shop, so come and get your ipad from 10am.
Tesco chief Richard Brasher resigns from post Thursday, 15th March 2012
Photo credit: Tesco plc Sky News this morning reported that the UK boss of Tesco, Richard Brasher, has resigned from his position with immediate effect. Brasher, who spent a year in the role, will leave the company in July. Group chief executive Philip Clarke will assume Brasher’s position for the UK...
Global Retail Forum teams up with Retail Business Technology Expo for 2012 Wednesday, 14th March 2012
Business cards at the ready? You’ll need plenty spare as it’s been a bit of a networking marathon for the Global Retail Forum (GRF) over the past two days. As the world’s leading professional network exclusive to retailers, GRF this year teamed up with RBTE to host a bevy of retail-focused meetings, each featuring a senior industry speaker focusing on everything from legal, merchandising, IT, business management, finance, marketing, supply chain and eCommerce.
Greggs sales up for 2011 as it continues expansion Wednesday, 14th March 2012
The UK’s largest bakery chain has reported like-for-like sales grew 1.4 per cent for 2011, with total sales up 5.8 per cent to £701 million. Pre-tax profits for the year to 31 December 2011 rose 15 per cent to £60.5 million, but after taking out the effects of exceptional items, profits increased just 1.1 per cent.
Home Retail faces profit warning Wednesday, 14th March 2012
A profit warning could be in the making from Home Retail Group, as analysts expect Thursday’s fourth quarter results to show a continued decline in sales for the company. According to sources speaking to City AM, it is thought that new managing director of Argos, John Walden is likely to issue a profit warning “sooner rather than later” as he focuses on overhauling the struggling retailer.