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ASOS to double online Primark collection after initial success Tuesday, 18th June 2013
ASOS has announced it will double its Primark offering from 70 to 140 pieces after sales in the value-driven retailer’s clothing collection went viral earlier this month. Having yet to launch an e-commerce site of its own, Primark’s initial tie-up with ASOS has already been branded a roaring success, as shoppers in areas without access to a Primark have been able to purchase items from the fast fashion brand in the comfort of their own homes.
Sales continue to rise for Iceland Foods Friday, 7th June 2013
Value-driven supermarket chain Iceland Foods on Friday reported an increase in annual revenues and earnings as like-for-like sales rose 1.1 per cent. The frozen food specialist said sales had risen 1 per cent to £2.64 billion in the year to 29 March, with underlying growth for the 52 week period of 3.1 per cent.
Poundland owners eye £600m sale Tuesday, 7th May 2013
Poundland owners Warburg Pincus are reportedly considering a sale for the budget retailer, in a deal that could be worth £600 million. The Daily Express on Tuesday reported Warburg Pincus, a private equity group which bought Poundland for £200 million back in 2010, is now looking to sell the retailer on the back of a boom in business for value household goods.
Primark “fully aware of responsibility”, to pay victims of Bangladesh factory tragedy Tuesday, 30th April 2013
Primark has announced it will provide compensation to victims of the factory collapse in Bangladesh last week that has since claimed the lives of almost 400 people. The fast-fashion retailer urged other businesses that have been linked to the factory in Savar to do the same, as questions are raised over the responsibility of brands to ensure the ethical treatment of workers at every stage of their supply chains.
Primark expected to bring boost to Associated British Foods Monday, 22nd April 2013
Associated British Foods is expected to reveal a 14 per cent rise in total profits before central costs are deducted, coming in at £486 million. It’s thought Primark will account for around £222 million of the profits, contributing almost half of ABF’s profits in total.
Austerity chic: Ikea reports record profits thanks to value-driven designs Wednesday, 23rd January 2013
Ikea posted record net profits for the year on Wednesday, as shoppers continued to flock to the low-cost furniture retailer. Net profit rose 8 per cent to EUR 3.2 billion in the 12 months to last August, as Ikea remained relatively resilient to the economic downturns felt across the globe.
Iceland Foods reports 5% jump in Christmas sales Wednesday, 9th January 2013
Frozen food specialist Iceland has reported a 5 per cent rise in sales in the run-up to Christmas, as consumers continued to chose value-focused supermarkets to complete their shopping lists. An Iceland spokesperson speaking to the BBC said total sales during November and December grew by 5 per cent, with strong demand for the grocer’s roast-from-frozen seasonal joints and seasonal desserts.
Apple rumoured to be working on a cheaper iPhone Wednesday, 9th January 2013
Photo credit: Apple Inc. Apple Inc could be working on a lower-end iPhone as it looks to compete with its aggressively-priced smartphone rivals. According to the Wall Street Journal, people briefed on the matter have said a plan to develop a cheaper device is progressing, with a less expensive version of its flagship iPhone possibly entering the market later this year.
Apple Inc.'s iPhone 5.
Asos first quarter sales rise 30% Tuesday, 11th December 2012
Online fashion retailer Asos managed to beat analysts’ forecasts with another set of heady results for its first quarter. The retailer on Tuesday announced total retail sales rose 30 per cent to £165.8 million in the three months to 30 November, thanks to strong trading in its domestic UK market and overseas.
Sir Terry Leahy joins B&M Bargains board Tuesday, 4th December 2012
Former Tesco chief executive Sir Terry Leahy is chair B&M Bargains, which was recently sold to US private equity firm Clayton, Dubilier & Rice. B&M Stores, which operates 315 stores in the north of England, Scotland, Northern Ireland and Wales, was recently valued at £965 million.