House of Fraser posts record sales in first year under Nanjing Xinjiekou as it ramps up international expansion April 21, 2015 House of Fraser's new owners will be toasting their decision to acquire the business, which has revealed record like-for-likes for the year. The figures Like-for-like sales at the department store were up 5.8 per cent, with gross total value (GTV) rising to £1.3bn. Profits rose £29.6m to £460.2m while adjusted EBITDA rose seven per [...]
Pictures: Take a look inside John Lewis’ first ever airport store at Heathrow June 4, 2014 Heathrow's new Terminal 2 has greeted its first passengers this morning, with the first inbound flight from Chicago arriving at 5.49am. And ready to welcome outbound passengers was John Lewis, marking the opening of its first ever airport shop. Doors opened at 5.30am this morning, as passengers heading to Washington came through the newly refurbished [...]
Investment banking more popular than at any time in the last three years March 13, 2015 Investment banking has become one of the most attractive careers for Londoners and surged to its most popular level in three years. Global recruiter Randstad polled over 10,000 workers to discover how attractive different industries are to the UK's workforce. In London, investment banking is now the third most popular sector following electronic engineering and [...]
Three tech start-ups hoping to win over John Lewis May 19, 2014 John Lewis will kick-off its search tomorrow for the next big idea to help its stores stay ahead in the digital age, with 30 technology start-ups battling out for a place in the retailer’s technology incubator JLAB. Each firm will deliver a five minute pitch to a panel of John Lewis directors and mentors [...]
London Technology Week: The hunt for London’s unicorn tech startups June 15, 2015 There's no doubting the impressive numbers rolling out of London Tech Week. There’s also no lack of people willing to shout about these impressive feats, whether it be entrepreneurs, investors, economists, or the mayor himself. More than a dozen of London’s tech types today gathered near the summit of the Shard to kick off London [...]
SuperGroup stuns investors with operations chief’s swift extraction February 12, 2015 THE OWNER of the Superdry clothing brand SuperGroup was hit during early trading yesterday after its operations chief Susanne Given’s shock departure from the firm. SuperGroup said her role would be “absorbed by the executive team”, with the heads of UK retail, IT and logistics reporting directly to CEO Euan Sutherland. In October Superdry founder [...]
Argos suffers a post-festive depression March 12, 2015 Argos had little cause for post-festive cheer after sales at the catalogue retailer slumped in the eight weeks to 28 February, it announced yesterday. The retailer experienced weak trading in consumer electronics and said its ongoing programme aimed at improving customer experiences had impacted on footfall. Argos outlined its five-year transformation plan in 2012 with [...]
Tesco shares and bonds snapped up by chairman John Allan October 27, 2015 Tesco chairman John Allan has snapped up more shares in the supermarket less than a month after he and four other board members, including chief executive Dave Lewis, purchased nearly half a million pounds worth collectively. Allan forked out another £100,000 in total, picking up 51,978 shares at 192.39 pence per share, the company said in a regulatory update, [...]
Tesco share price rises as bosses dip into their pockets and buy stake in troubled supermarket chain October 8, 2015 Tesco's board have thrown their support behind the embattled supermarket group by buying nearly half a million pounds worth of shares. Chief executive Dave Lewis has spent £200,000 of his own cash to buy his first 99,950 shares in the grocer. Non-executive directors Richard Cousins and Mikael Olsson have also invested in the business for the [...]
Norwich City 1, Arsenal 1: Arsene Wenger defends decision to field playmaker Alexis Sanchez in injury-plagued draw November 29, 2015 Arsenal boss Arsene Wenger defended his decision to play Alexis Sanchez after the mesmeric forward hobbled off during his side’s injury-plagued draw with lowly Norwich at Carrow Road yesterday. Sanchez was a doubt for the clash after picking up a hamstring knock against Dinamo Zagreb in midweek but was on hand to set up Mesut [...]