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Sports Direct boasts a full year profit hit by stake in Debenhams

Sports Direct have revealed a drop in full year pre-tax profit after taking an £85 million hit on its investment in Debenhams. The retailer said the fall was largely due to the profit on the sale of its Dunlop business and JD Sports shares that were included in the results for the...

17 hours ago

World Cup impacts footfall for Lidl in a positive way

Lidl has reported that the World Cup helped it to hit a record footfall. During the past month shoppers bought food and drink for garden parties and barbeques to cheer on England. During the tournament the supermarket experienced the highest ever number of customers shopping in its stores when Christmas is excluded....

17 hours ago

Gaucho restaurant group has collapsed putting 1,500 jobs at risk

About 1,500 jobs are at risk after the Gaucho restaurant group. The firm's advisors had been trying to find a buyer for the 39 restaurants in the Gaucho and Cau chains. However, high debt levels and a complex legal structure meant it had been unable to find an "agreed, solvent solution", a...

17 hours ago

John Lewis sales drop by 6.2% last week

John Lewis has revealed that its sales have declined by 6.2% year-on-year last week as the World Cup and Wimbledon impacted the department store's trade. Fashion sales fell by 3.5% despite the womenswear category having a good week with sales up 5.6%.  Electrical and home technology sales declined by 4.6%, although the vision...

1 day ago

Hotel Chocolat full year revenue has risen by 12%

Hotel Chocolat full year revenue has increased by 12% to £116 million and said it delivered a "strong” year. The chocolatier said they're expecting pre-tax profit for the 52 weeks ending 1 July to be in line with market expectations. They've opened 15 stores during this period which contributed 6% to group sales...

1 day ago

Poundworld will be closing a further 40 stores

Poundworld will be closing a further 40 stores with the move resulting in the loss of over 500 jobs. The shops are looking to close on 24 July. Claire Boardman, joint administrator, said: “We would like to thank all employees for their continued support and commitment during this difficult time. We are keeping staff appraised...

1 day ago

ICON Outlet reveals first signings

ICON Outlet, the new designer outlet centre is due to open at London’s O2 Centre this October. Boasting 85 new restaurants, cafés and bars. ICON Outlet has also signed up brands such as Hackett, Ted Baker, Guess, Gant, Calvin Klein, Crew Clothing, Jack Wills, Kurt Geiger, Aspinal of London, Levi’s, Pepe...

2 days ago

Amazon are facing web issues around the world on Prime Day

Shoppers around the world are struggling to access Amazon's website as one of its biggest annual sales, Prime Day, is under way. Many reported the e-commerce platform had crashed, showing them only an error message that read: "sorry, something went wrong on our end". The issues are centred on the US but...

2 days ago

Fabletics makes new hires as part of their growth plans

Fabletics have made a number of new hires as part of its plans to grow the business. Karen Pornillos has been appointed as vice president of design and fashion director. Prior to this she was vice president of women’s design at Lululemon, her past roles have also included working with Free People. In a second...

2 days ago

Wolford's full year revenue drops

Wolford have reported their revenue fell by 3.4% to €149.07 million in the 2017/18 financial year. Wolford said the decline was 1.4% in the twelve month period to April 2018. Meanwhile, the company made a full year loss after tax of €11.54 million compared to a loss of €17.88 million in the...

3 days ago

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