Pets at Home groomed for 2020 glory after record Christmas January 22, 2020 Pets at Home is making progress in its bid to be top dog in the UK pet market, announcing a 12th consecutive quarter of growth in this morning’s trading update. The grooming company, which has said that it wants to generate 50 per cent of its revenue through services, saw group revenue grow 7.9 per [...]
WH Smith in the sun as travel division drives growth January 22, 2020 WH Smith defied the winter woes that have affected many of its fellow retailers, with revenue up seven per cent for the 20 weeks to Christmas. The growth was largely driven by an especially strong performance by the high street stalwart’s travel business, which runs stores in airports and rail stations. In total, the division [...]
Sainsbury’s CEO Mike Coupe to retire after six years January 22, 2020 Mike Coupe is set to retire as chief executive of Sainsbury’s after six years at the helm, the company revealed today. The CEO will leave the role in May before retail and operations director Simon Roberts takes charge in June. Mike Coupe said leaving had been a “very difficult decision for me personally”. Read more: [...]
Burberry raises full year guidance after sales rise January 22, 2020 Designer brand Burberry this morning raised its guidance for the year after a quarter in which the luxury brand saw revenue rise three per cent. Revenue in the third quarter hit £719m, up from £711m twelve months ago, as the firm’s focus on the far eastern market looked to be paying off. In response Burberry [...]
Sainsbury’s to cut hundreds of management jobs January 21, 2020 Supermarket giant Sainsbury’s said today it would cut hundreds of management roles. It said the move was part of its plan to further integrate Sainsbury’s with catalogue retailer Argos which it bought in 2016 in a £1.4bn deal. Sainsbury’s said it had reduced its senior leadership team by 20 per cent since the start of [...]
The £300m luxury hotel with a secret tunnel to Harrods January 21, 2020 A £300m luxury hotel development with a secret tunnel to Harrods has been given the green light by the local planning committee. The Knightsbridge hotel will be a one minute walk from the iconic London department store, but also includes a disused underground pedestrian and goods tunnel linking the two sites. Kensington and Chelsea’s planning [...]
‘Clerical error’ wipes out Dixons Carphone’s sales growth January 21, 2020 Dixons Carphone was left red-faced today as it admitted that its sales growth figure actually represented a decline. The retailer updated the stock market on its Christmas trading figures this morning, telling investors it had enjoyed a two per cent rise in reported sales. However, six hours on Dixons Carphone reversed the number into a [...]
Aldi announces pay rise and recruitment drive January 21, 2020 Aldi has announced it will increase the hourly rate paid to in-store staff members and hire more than 3,800 employees this year as it pushes ahead with its UK expansion plans. The budget supermarket said all employees will earn a minimum hourly rate of £9.40, a 30p per hour increase from the previous minimum wage [...]
Upper Crust owner SSP sales rise on strong UK passenger growth January 21, 2020 Upper Crust owner SSP Group reported a slight rise in sales at the end of last year as the travel hub food operator benefitted from growing passenger numbers in the UK and North America. Like-for-like sales in the three months ended 31 December grew 1.2 per cent, in line with expectations, the company said this [...]
Joules store closures hurt half-year profit after full-year warning January 21, 2020 Joules revealed a dramatic plunge in profit to just £1.7m today as it took a £6.7m hit to close stores and relocate its head office in the six months to the end of November. The figures Joules booked an 82 per cent drop in profit before tax from £9.3m this time last year to just [...]