News@Nine FRIDAY 24TH FEBRUARY 2017
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John Lewis expects to cut nearly 800 jobs


23 February | 06:27 PM | The Guardian | Retail

John Lewis is to axe nearly 800 jobs in its customer restaurants and store administration in its biggest ever round of redundancies. The department store chain said it was consulting 773 people about redundancy as it attempts to cut costs and become more efficient. The cuts are the first sign of change since the department store’s managing director, Paula Nickolds, took the helm in late January.

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Samsung

Two Samsung execs stand down amid corruption scandal


Two senior Samsung executives have offered to resign, taking responsibility for the mobile phone giant's involvement in a scandal involving South Korean President Park Geun-hye. According to a report by Yonhap news agency, Vice Chairman Choi Gee-sung and President Chang Choong-gi have offered to resign.

woman with shopping bags

Nordstrom posts higher profits


Nordstrom's co-president discounted the impact of dropping the Ivanka Trump fashion line as the high-end department store chain reported better sales and profits for the fourth quarter. Better control of its inventory and particularly robust sales by its off-price stores helped boost Nordstrom earnings in the fourth quarter.

Victoria Secret models

Victoria's Secret sales fall as buyers prefer bralettes


Victoria's Secret, the long-time lingerie leader, has struggled to boost sales amid changing trends such as the emergence of bralettes, which are cheaper and easier to size and buy online.


My Tube: Dior Homme Sport - Life is a playground
Dior Homme Sport - Life is a playground

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UK_Economy_6

Business rates row: pressure grows for total rethink on controversial tax


The government is under growing pressure to overhaul the business rates system rather than just offer help for small firms affected by the revaluation of properties. Theresa May, the prime minister, and Sajid Javid, the communities secretary, told parliament on Wednesday that small businesses facing a sharp increase in their business rates bill from April could receive support in the budget next month.

Health & Beauty 217

Kanye West to launch makeup line


The “Fade” rapper, 39, has filed an application to launch DONDA-branded beauty products, reports TMZ. The name comes from his late mother, Dr. Donda West, who passed away in 2007. It’s also the name of his larger creative content company.

Shopping cart

Intu posts £346m fall in profit


The shopping centre group recorded revenue of £594m in 2016, up from £572m in 2015, but announced a significant drop in profits from £518m to £172m, due to property revaluations connected to new developments. The post Intu posts £346m fall in profit appeared first on Place North West .


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