MORRISONS’ FINANCE CONTROLLER COOKS UP WINNING WEB STRATEGY May 10, 2011 WITH a name like Richard Pennycook, there was only ever one possible vocation for Morrisons’ group finance director (FD), who proved he is worthy of the title by restoring the grocer’s profits after the slump when it bought Safeway in 2005. So keep those “cooking the books” jokes to yourself, because Pennycook last night received [...]
Debenhams profit surges by 20pc October 21, 2010 Debenhams met expectations with a 21 per cent rise in year profit and predicted more growth in 2010-11 as it benefits from a shift to higher margin own-bought products. Debenhams, with 167 stores in Britain, Ireland and Denmark, and 60 franchised outlets in 23 countries said it expected to resume dividend payments when it publishes [...]
Debenhams profit surges by 20pc October 21, 2010 Debenhams met expectations with a 21 per cent rise in year profit and predicted more growth in 2010-11 as it benefits from a shift to higher margin own-bought products. Debenhams, with 167 stores in Britain, Ireland and Denmark, and 60 franchised outlets in 23 countries said it expected to resume dividend payments when it publishes [...]
John Lewis gives staff 15pc bonus March 11, 2010 JOHN Lewis will hand its staff a 15 per cent bonus after reporting a surge in annual profits. The staff-owned retailer made a profit before the employee bonus and tax of £306.6m in the year to the end of January – up from £279.6m in the previous year. It owns 28 department stores, one John [...]
John Lewis to give staff £151m bonus March 11, 2010 JOHN Lewis will hand its staff a 15 per cent bonus after reporting a surge in annual profits. The retailer made a profit before the staff bonus and tax of £306.6m in the year to the end of January – up from £279.6m in the previous year. It owns 28 department stores, one John Lewis [...]
PZ Cussons buys St Tropez for £62.5m September 27, 2010 Soap and shampoo maker PZ Cussons has bought tanning-products firm St Tropez from its private-equity owner LDC for £62.5m in cash. The maker of Imperial Leather soaps and Carex handwash said St Tropez was a good fit with its portfolio of premium brands, which includes The Sanctuary and Charles Worthington hair-care products. St Tropez sold [...]
PZ Cussons buys St Tropez for £62.5m September 27, 2010 Soap and shampoo maker PZ Cussons has bought tanning-products firm St Tropez from its private-equity owner LDC for £62.5m in cash. The maker of Imperial Leather soaps and Carex handwash said St Tropez was a good fit with its portfolio of premium brands, which includes The Sanctuary and Charles Worthington hair-care products. St Tropez sold [...]
Waitrose director:sales growth will continue for years October 12, 2010 UPMARKET grocer Waitrose expects annual sales to rise by a double-digit percentage for years to come, despite a tough economic backdrop, driven by new store openings, its managing director said yesterday. Mark Price, speaking at the annual conference of grocery industry body the Institute of Grocery Distribution, said conditions for consumers were likely to be [...]
John Lewis sees a further sales jump February 26, 2010 JOHN lewis and Waitrose have reported further rises in weekly sales – fuelling hopes of a high street recovery. The department store’s overall sales were up 15.1 per cent year-on-year. Sales at the group’s supermarket rose 13.7 per cent. John Lewis’s stores in Oxford Street, Bluewater and Kingston were among the leading lights in the [...]
Staff at John Lewis set to receive 14pc bonuses March 7, 2010 STAFF at John Lewis Partnerships are set to share a bonus pool of £140m as the company outperformed during the second half of 2009. The bonus will work out at 14 per cent of an employee’s annual salary, or eight weeks pay for the 70,000 workers. The retail group is expected to announce a rise [...]