Dixons sets up Gatwick shop August 4, 2013 DIXONS Retail unveiled a new flagship store in Gatwick airport’s South terminal last week as the electronics group looks to expand its presence in the lucrative travel market. The company is the latest in a series of high street names to move into airport retailing, with John Lewis set to open a store in Heathrow [...]
What the other papers say this morning – 19 August 2013 August 18, 2013 FINANCIAL TIMES House of Fraser eyes London listing House of Fraser, the British department store chain, has considered a return to the public markets to help simplify its ownership structure. The group is mulling a listing in London, although this is being considered alongside other options to allow shareholders to exit the group, said one [...]
Heroic leap in sales for retailer Supergroup September 5, 2013 SUPERGROUP, the company behind the Superdry fashion label, reported a leap in first quarter sales yesterday thanks to overseas expansion and strong demand for its autumn and winter collections. Shares jumped 5.87 per cent as the retailer posted group sales of £75m in the 13 weeks to 28 July, up 25.7 per cent on the [...]
John Lewis Christmas trading lift November 11, 2012 John Lewis saw a strong start to its traditional Christmas trading period, with sales up 11.4 per cent year-on-year for the week to last Saturday. The department store, which took £85m in the week, reported high demand for beds, fitted carpets and made to measure curtains as customers prepare for entertaining. A 29 per cent [...]
Asda launches honours degree scheme for staff August 12, 2013 ASDA employees will this year be able to study for an undergraduate degree under a three-year scheme in partnership with Middlesex University. The supermarket giant said it will offer 30 Asda staff the chance to study for a BA (Hons) degree in either distribution or retail operations while retaining a salaried position in the store, [...]
John Lewis enjoys bumper online sales ahead of Xmas November 18, 2012 JOHN LEWIS said online sales jumped by almost a third last week compared with the same time last year, as consumers turned to their computers and mobile devices to make their Christmas purchases. The department store group reported a 31 per cent year-on-year rise in online sales in the week to Saturday 17 November. John [...]
Retail bosses fight back after Labour attack August 11, 2013 HIGH street giants Tesco and Next have lashed out at Labour after the party branded them “unscrupulous employers” and claimed they preferred cheap Eastern European staff over British workers. Shadow immigration minister Chris Bryant will today call out hiring procedures at the two firms as part of a wide-ranging attack on businesses that use [...]
What the other papers say this morning – 22 July 2013 July 21, 2013 FINANCIAL TIMES Deutsche Bank set to shrink Deutsche Bank plans to shrink its vast balance sheet by as much as a fifth in order to comply with incoming stricter rules for financial soundness. In a big strategic step by Germany’s largest lender by assets, Deutsche is expected to tell investors that it aims to achieve [...]
John Lewis boss urges action on foreign firm tax payments November 14, 2012 THE managing director of retail chain John Lewis last night called on the government to examine the way foreign multinationals pay tax in the UK. Andy Street said the Treasury needs to do more to prevent the likes of online retailer Amazon “destroying the UK tax base” and potentially putting British companies out of business. [...]
City Moves for 24 February 2014 | Who’s switching jobs February 23, 2014 Northern Trust The asset management business has made two appointments. John Elder (right) joins as a senior investment adviser for multi-manager solutions. He has previously worked at Mellon Family Office Services and Ernst & Young. Jonathan Lidster joins as a senior wealth strategist. He was formerly chief operating officer at Global Partnership Family Offices. Barclays [...]