John Lewis to sack managers February 13, 2013 DEPARTMENT store chain John Lewis could sack up to 325 managers from its stores as part of a staff shake-up designed to take into account the growing importance of online sales. The partnership, which has a reputation for looking after its staff, said it was consulting on the need to have individual departmental managers for [...]
Cuadrado deal takes Chelsea’s transfer spend to highest levels for a decade as player sales reach all-time record February 2, 2015 If you thought Uefa’s financial fair play rules were going to curb Roman Abramovich’s spending at Chelsea, think again. Following the signing of Juan Cuadrado from Fiorentina for £29.4m, the Blues’ total spend on transfer fees for the season has reached £123.3m. Chelsea have not spent as much in a single season for 10 years. [...]
A two-speed high street January 9, 2014 A CLEAR split between Britain’s winners and losers in the battle for consumers’ cash this Christmas emerged yesterday, as three of the biggest retail chains revealed worse-than-expected trading. Poor results from Tesco, Morrisons and Marks & Spencer added to dreary updates from Sainsbury’s and Mothercare, with heavy discounting, weak consumer spending and the rising discount [...]
Arsenal transfer spend tops £100m and smashes previous record after Gabriel Paulista signing January 29, 2015 Gabriel Paulista may not be the most significant signing Arsenal will ever make, but the Brazilian centre-back’s arrival in North London has created a little bit of history for his new club. After spending roughly £13m on the 24 year-old, Arsenal’s spending for the season has crossed the £100m mark. Never before have the Gunners [...]
Asda hires new finance chief as Richard Mayfield joins Walmart November 26, 2013 ASDA has appointed a new chief financial officer after announcing yesterday that Richard Mayfield is to leave the retailer after just a year in the role to join parent company Walmart. The grocery chain said Alex Russo will join the group in January from Peruvian restaurant franchise specialist Delosi, which works with brands including Starbucks, [...]
Win talk from South Pole team December 12, 2013 PRINCE Harry and his team are due to arrive at the South Pole this afternoon having braved the Antarctic extremes to raise money for Walking With The Wounded. But the push to support ex-servicemen and women doesn’t end there. The charity is calling for City workers to do their bit by signing up to Walking [...]
Xbox One sells a million consoles in first weekend November 24, 2013 MICROSOFT sold more than 1m new Xbox One consoles over the weekend, breaking its previous record with the Xbox 360 and matching Sony’s PlayStation 4 (PS4) launch numbers from last weekend. “We are humbled and grateful for the excitement of Xbox fans around the world,” said Xbox vice president of marketing and strategy Yusuf Mehdi, [...]
Westfield turns five years old October 29, 2013 WESTFIELD London is celebrating its fifth birthday today having racked up £4bn in retail sales and 130m visitors since it first opened its doors 2008. The Australian retailer recently won consent to push ahead with £1bn plans to extend the shopping centre in Shepherd’s Bush, with John Lewis understood to be close to agreeing to [...]
Data driven February 9, 2014 Annabel Palmer talks to Havas Media’s Paul Frampton UNUSUALLY for the media world, Paul Frampton, chief executive of Havas Media, has only worked at one group over the course of his career. He talks to City A.M. about the cultural and leadership changes his industry must make to prepare for a fast-changing media landscape. How [...]
Christmas toys to inspire little professionals October 13, 2013 GONE are the days, it seems, when young boys and girls dreamed vaguely of becoming a policeman or ballerina. These days, according to John Lewis’s top five toy list, those careers are being moulded by their favourite television programmes and the stars they see. According to the retail store, youngsters aspiring to be the next [...]