TK Maxx could be coming to another high street near you following above-expectations growth August 27, 2014 TK Maxx parent company TJX Europe is looking to expand further in the UK and Ireland, after reporting above-expectations second quarter growth. European like-for-likes rose 6 per cent during the three months to 2 August, while adjusted net sales rose 13 per cent year-on-year to $875m (£527m). Globally TJX reported a 7% increase of [...]
Zara removes top following claims it resembles “holocaust attire” August 27, 2014 Spanish fast fashion Zara has been forced to remove a child's pyjama top after receiving widespread condemnation on social media for its resemblance to attire worn in concentration camps. The outfit – designed to look like a sheriff's uniform – featured a six-pointed star stitched on the left hand side of a striped long [...]
Tesco loses market share as more than half of Brits now shop at Aldi and Lidl August 27, 2014 Tesco's rival Asda has eaten away at its market share, while more than half of Brits now shop at budget grocers Aldi and Lidl, according to Kantar Worldpanel figures. The data released this morning shows over the 12 weeks to 17 August, grocery price inflation has fallen for the 11th consecutive period and is [...]
The Whopper of all rows: Burger King slammed by customers after Tim Horton deal August 26, 2014 Burger King was forced to issue a statement claiming its merger with doughnut business Tim Horton was “not tax-driven” after receiving a barrage of criticism on social media today. The burger giant today struck a deal to create the world's third largest fast food restaurant with a market capitalisation of $20bn (£12bn), as part [...]
Boris Johnson’s parliamentary voting record: Yes to hunting, no to the EU August 26, 2014 Boris Johnson has been out of parliament for six years. As mayor he has been pro-business and is quoted as saying: "I'm a one-nation Tory. There is a duty on the part of the rich to the poor and to the needy, but you are not going to help people express that duty and satisfy [...]
Boris Johnson to stand for Uxbridge and South Ruislip August 26, 2014 London mayor Boris Johnson has applied to stand as the Conservative candidate for Uxbridge and South Ruislip in next year's general election. Johnson, who has been the mayor since he unseated Ken Livingstone in 2008, submitted his name to the Conservative Campaign Headquarters this morning, two days before the deadline. If his bid [...]
Twitch – what is it and why has Amazon just spent nearly $1bn on it? August 26, 2014 Back in May the word was that Google was eyeing up games social platform Twitch, but last night Amazon emerged as the triumphant bidder, nearly four times what Jeff Bezos paid for The Washington Post. Just what is Twitch and why does everyone want a piece? Essentially, it's video-game voyeurism: Twitch is currently the centre of [...]
Turning it on: 2 per cent of men shop online while having sex August 26, 2014 Despite weakening retail sales, we are well established as a nation of shopaholics – but a new survey suggests we are taking our addiction to new extremes, with 2 per cent of men apparently shopping online during sex. Women are also at it – although not quite as regularly – with one in 100 [...]
Carve Tesco into three, says former director August 26, 2014 A former Tesco executive has called for the business to be radically restructured by its incoming boss, creating three separate entities. Bruno Monteyne, an analyst at Bernstein Research and previously Tesco.com's development director, has argued that carving the supermarket up could be the only way to halt its decline. He suggests dividing it [...]
Redundancies loom at Time Warner August 26, 2014 Time Warner is expected to announce 550 job cuts this week at its Turner arm, which includes the likes of CNN and Cartoon Network, according to reports. CNN and its spin-off HLN are expected to bear the brunt of the cuts, with The Wrap saying "a couple of hundred" redundancies were expected at both, [...]
