Pets at Home buys Vets4Pets in £40m deal Tuesday, 9th April 2013
The UK’s largest pet supplies business has bought Vets4Pets in a deal worth £40 million. The move will make Pets at Home one of the largest veterinary chains in the country as it integrates Vets4Pets’ 94 practices into its 166 in-store vet business.Speaking in light of the deal, Pets at Home chief executive Nick Wood said: “The expansion of our veterinary business is a key element of our growth strategy for Pets at Home, providing additional services to our customers within our stores or close to our customers’ homes.
Darty to close loss-making Spanish operations Thursday, 4th April 2013
European electrical retailer Darty is set to close its loss-making operations in Spain as part of an on-going turnaround plan. As part of a strategy designed to help the group focus on the profitable businesses in France, Belgium and the Netherlands, Darty on Thursday said it will close its 43 stores in Spain by June at a cost of £30 million.
BCC: UK will avoid triple dip recession Tuesday, 2nd April 2013
It’s thought the UK will avoid a third period of recession, according to a survey by the British Chambers of Commerce (BCC). According to the BCC, a strong performance by Britain’s service industries in the first three months of 2013 have kept the economy growing, contrary to the economic picture being painted by official figures.
UK shopping centre investment up 194% for Q1 Tuesday, 2nd April 2013
Crowds at Trinity Leeds celebrate opening day. As Trinity Leeds enters its second full week of trading, Savills reveals the total value of shopping centre deals in the first quarter of 2013 has risen 194% year-on-year. According to the property agent, the total value of deals in the first quarter of the year was £1.43 billion, up 194 per cent on the £488 million achieved in the same period last year.
March retail sales weakest since August as snow keeps shoppers away Tuesday, 26th March 2013
British retail sales in March come in flat compared with a year ago, according to the latest report by the Confederation of British Industry. The CBI said volumes for March retail sales had fallen below average for the time of year and were weaker than anticipated, as an especially cold winter refused to shift, despite the official start of springtime.
Ted Baker profit up 16.5% as new openings boost sales Thursday, 21st March 2013
British high-end fashion brand Ted Baker revealed a 16.5 per cent rise in annual profits as new stores overseas and strong UK sales helped secure sales. Ted Baker on Thursday said profit before tax and exceptional costs for the year to 26 January stood at £31.5 million, up from £27.1 million the year before and in line with analyst forecasts.
Hotter Shoes looks for ways to expand Wednesday, 20th March 2013
Footwear brand Hotter Shoes seeks to expand its business and is reportedly working with investors to focus on opportunities in international expansion. The footwear retailer intends to ramp up its international marketing activity and is currently on the look-out for financial support to help launch stores overseas and develop its international presence online.
Asos sales rise 37% for second quarter Wednesday, 20th March 2013
Online-only fashion retailer Asos posted a 37 per cent rise in second quarter sales thanks to expanding markets and strong Christmas trading in Britain. Retail sales rose 37 per cent by £186 million in the three months to 28 February, ahead of the market forecast of 34 per cent for the period and up again from a 30 per cent jump during Asos’ first quarter.
T.M Lewis to join forces with Prince's Trust Friday, 15th March 2013
TM Lewin has teamed up with Prince's Trust to create a collection of men's accessories. The collaboration is a part of a Prince's Trust campaign which aims to provide work for young, unemployed people in the UK. The collection, which is designed by Antony Aitman under supervision of TM Lewin's own team and the fashion designer Wayne Hemingway, consists of essential menswear accessories including cufflinks, ties and handkerchiefs.
British Land raises nearly £1bn for retail investment Thursday, 14th March 2013
The UK’s largest listed retail landlord has reportedly raised nearly £1 billion to help it make a number of acquisitions in retail and office property. With more than half of its property portfolio invested in retail, British Land is now focusing on buying properties in the company’s core sectors across London and the South East.
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