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10 recent articles.

John Lewis sales drop 8.3% last week due to warmer weather

John Lewis suffered a sales decline of 8.3% year-on-year last week due to unusually mild weather for this time of year, and also the fact that it was price matching a competitor this time last year. Sales of women’s accessories were up by 11% in the week due to strong performance...

18 hours ago

Peacocks announce move to biodegradable bags

Peacocks is latest retailer to switch to biodegradable carrier bags in order to help minimise its environmental footprint. Peacocks, who has more than 500 stores in the UK, claim that it is the ‘first affordable high street fashion chain’ to provide shoppers with the bag made from bio-degradable plastic, which are...

18 hours ago

B&M post strong first half results

B&M has posted a pre-tax profit uplift of 32.5% to £115 million in the first half of its financial year. Group revenue increased by 16.1% to £1.56 billion, with UK revenue rising by 7.1% in the 26 weeks to the 29th September. Group adjusted EBITDA increased by 13.5% to £131.8 million and...

1 day ago

Tim Horntons signs first UK franchise partner

Tim Horntons has signed its first franchise partner in the UK and Ireland. Graeme and Lisa Tobias will become the first partners to franchise the brand in the UK and will open their first drive-thru site in Stenhousemuir in Scotland by the end of the year.  They plan to open a...

1 day ago

Arket launch first store in West Midlands

Arket has opened its first store in the West Midland after opening in Birmingham’s Bullring. The 13,000 square feet unit is located on the Bullring’s upper level and will stock the latest collections for menswear, womenswear and children’s wear as well as home. The opening comes as HUGO opened their first store...

2 days ago

TK Maxx set to open first Oxford Street store

TK Maxx is looking likely to move into the old four-storey New Look unit on Oxford Street. Last month they reported a 10.6% increase in annual turnover.  This comes as it opened as many as 23 stores across the UK. The new 30,000 square foot store will add to its existing central...

2 days ago

Farfetch revenue continues to grow

Revenue at Farfetch continues to grow in the third quarter, with gross merchandise value up by 53% and revenue also up by 52%.  Number of active customers rose by 42% and number of total orders was up by 55%. Farfetch’s recent IPO has left them ‘well capitalised with $1 billion in...

2 days ago

Halfords’ half year results live up to expectations

Halfords have announced that their total half year sales have increased by 1.9% to £599.9 million. In the weeks leading to 28th September, like-for-like sales increased by 2.5% with strong performance from the e-bike, dash cam and motoring services categories.   Retail like-for-like sales grew by 2.3% and Halfords autocentres grew by...

5 days ago

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