Black Friday powers John Lewis’ best week ever December 2, 2014 John Lewis has reported its best-ever week for sales in its 150 year history, thanks to the power of Black Friday. The sales bonanza, which the department store had invested heavily into, resulted in sales of £179.1m, up 21.8 per cent year-on-year, and 56.8 per cent up on the previous week. It easily [...]
Tesco executive Matt Simister returns as supermarket restructures top team in aftermath of profits overstatement December 1, 2014 Tesco has restructured its top team in the wake of its profit overstatement, with one of the executives who stepped aside during the investigation into its accounting irregularities returning to the company. Matt Simister, who was one of several executives to step aside in September, will return to his role as group food sourcing [...]
Pub group Mitchells & Butlers faces “huge fine”, landlady and chef face jail time, over “toxic turkey” Christmas lunch death November 26, 2014 Pub group Mitchells & Butlers – which owns the All Bar One and O'Neill's chains – faces a huge fine, while a landlady and her chef could serve jail time after a woman died from eating toxic turkey at an Essex pub. Della Callagher died and 32 other diners became seriously ill after eating [...]
Sir Philip Green shrugs off profit slide at Arcadia November 25, 2014 SIR PHILIP Green shrugged off Arcadia’s decline in full-year profits yesterday, insisting his retail empire was adapting to the “fast-changing” demands of the retail industry. The company behind Topman, Miss Selfridge, Dorothy Perkins, Burton and Wallis as well as Topshop, posted a 3.4 per cent drop in pre-tax profits to £143.1m in the year to [...]
Ferguson shooting: London protesters planning to demonstrate outside US embassy November 25, 2014 Protesters are planning to descend on the US embassy in London's Grosvenor Square, Mayfair tomorrow night, to demonstrate the decision not to indict a Ferguson police officer for killing Michael Brown. Brown was shot dead in the Missouri town, near St Louis, in August. He was 18 years old and unarmed, and his death [...]
Mastercard’s Fare Free Friday returns: Free travel on London transport on November 28 using TfL’s contactless payment November 25, 2014 After a succesful outing two weeks ago, MasterCard is bringing its Fare Free Friday back for another day. Londoners will be able to travel for free on the Tube, train, tram, bus and DLR this Friday (November 28) if they swipe their MasterCard on the transport network's contactless system instead of an OysterCard. [...]
Sir Philip Green shrugs off profits drop at Topshop parent group Arcadia November 25, 2014 Sir Philip Green has shrugged off Arcadia's decline in full year profits, highlighting how the Topshop parent group is adapting to the “fast changing” demands of the retail industry. The group, which owns Topman, Miss Selfridge, Dorothy Perkins, Burton and Wallis as well as Topshop, reported a 3.4 per cent drop in pre-tax profits [...]
What are the most insanely calorific meals in the US? America introduces calorie count rule for restaurants November 25, 2014 Fast food chains in the US including KFC, The Cheesecake Factory and Subway will have to start publishing the calorific content of their food from next year as part of a nationwide attempt to curb the country's obesity epidemic. According to an update of existing rules, which was issued by the Food and Drug [...]
JD Sports Fashion shares rise after group offloads troubled fashion arm Bank to Hilco November 25, 2014 Shares in JD Sports Fashion jumped more than 4.3 per cent this afternoon, as the retailer confirmed it had sold its struggling fashion arm Bank. Restructuring specialist Hilco Capital has bought the business for an undislosed sum through one of its subsidiaries. JD Sports Fashion said the move “should result in a substantial recovery [...]
Black Friday and Cyber Monday 2014: Could Manic Monday beat both to become the biggest retail day of the year? November 25, 2014 With Black Friday bargains from the biggest retailers including Amazon, John Lewis, Marks & Spencer and Currrys PC World, UK shoppers are expected to go hell for leather in the lead up to Christmas this year. But two firms are fighting against the consensus that says Black Friday and Cyber Monday will see us [...]