Thorntons enjoys profitable Christmas in the UK Friday, 17th January 2014
High street confectionary retailer Thorntons has seen sales grow 6.3 per cent during its Q2 to £93.1 million, which also includes the Christmas period. In what has been described as “a good Christmas performance”, Thorntons’ fast-moving consumer goods (FMCG) sales grew by 17.1 per cent to £47 million, while commercial sales in the UK went up by 21.1 per cent.
Inflation rate falls to 2% Tuesday, 14th January 2014
The UK’s inflation rate, measured by the Consumer Prices Index, fell to 2 per cent in December, the first time it’s reached the government’s set target since November 2009. Inflation fell 2.1 per cent from November 2013, a drop that the Office for National Statistics (ONS) attributed to slower increases in the prices of food.
ASOS goes from strength to strength as sales climb 38% over Christmas Tuesday, 14th January 2014
ASOS on Tuesday posted a 38 per cent rise in sales in the four months to the end of 2013, proving yet again why the fast fashion giant is one to watch in the retail sector.
New Look posts impressive Christmas sales Saturday, 11th January 2014
Fashion retailer New Look reported a UK sales growth of 2.9 per cent for the seven weeks to December 28. Like-for-like sales – which measures the performance of stores open at least a year – grew 1.5 per cent, while total sales grew 2.6 per cent. New Look’s online platform saw a 62 per cent hike with ‘click and collect’ orders representing approximately a quarter of all orders.
'Manic Monday’ hits as retailers face biggest shopping day of the year Monday, 23rd December 2013
It won’t be just another manic Monday today as retail experts predict the 23rd December to be the biggest shopping day of the year.
N Brown to expand presence in the UK Monday, 23rd December 2013
N Brown Group plc, the internet and catalogue retailer behind fashion brands Jacamo and Simply Be, is seeking to expand its presence in the UK by opening more stores in 2014, according to The Daily Telegraph. Guy Price, N Brown’s new property and acquisitions manager, told the Telegraph: “We’re looking for locations which will be suitable to house our brands, Jacamo and Simply Be, and complement our established and thriving internet and catalogue businesses”.
Debenhams appoints first female board-level executive director Thursday, 12th December 2013
Suzanna Harlow was yesterday promoted to Debenhams board of directors, becoming the first female board-level executive director at the department store.
Ikea kicks off Christmas price wars with £5 Christmas tree offer Tuesday, 10th December 2013
Ikea pulls no punches as it launches its £5 real Christmas tree offer in the run up to the holidays.
Westfield spends $800m to become sole owner of World Trade Center mall Thursday, 5th December 2013
Westfield Group on Thursday announced it would buy the remaining 50 per cent share in New York’s World Trade Center for USD 800 million.
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