Tesco makes London superstore a flagship for F&F clothing brand August 4, 2013 TESCO confirmed yesterday that it plans to launch a London flagship store for its F&F clothing brand this Autumn. The UK’s largest supermarket group said it will open a 5,000 square feet concession on the mezzanine floor of its Kensington superstore around October. Tesco already has F&F concessions within stores in Woolwich in south east [...]
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 [...]
Shop failures up 25 per cent August 4, 2013 RETAIL insolvencies jumped by 25 per cent in the second quarter compared to the same time last year, according to figures from the Insolvency Service last week and analysed by Freshfields Bruckhaus Deringer. Despite signs of confidence returning to the market, retail failures will still 29 per cent ahead of the previous quarter and significantly [...]
Greggs chief set to reveal flaky half-year profit August 4, 2013 ROGER Whiteside is set to unveil his strategy for turning around the bakery chain’s recent soggy sales performance when he presents his first half-year results as chief executive this week. So far the former Punch Taverns boss, who was also a longstanding non-executive at Greggs before taking over the reins in February, has insisted that [...]
Zero hours contracts may be far more widespread than thought August 4, 2013 ZERO hours contracts are far more widespread than previously thought, according to research out today that suggests 1m Britons may be employed this way. The contracts provide more flexible working but potentially allow employers to cut back the number of working hours they offer employees at short notice. Despite fears such staff suffer irregular pay [...]
Rise of mums as main earner August 4, 2013 SINCE 1997, more than a million more mothers have become the breadwinner in their family, earning the majority of their household’s income, according to new research. New research by the think tank IPPR says that there are now 2.2m women with children either working as single mothers, or earning an equal or larger wage than [...]
£600m land bill for Saudi August 4, 2013 SAUDI Arabia plans to spend about 3bn riyals (£600m) acquiring land in Riyadh to build the capital’s first metro rail system, the official in charge of the project told Reuters. “This is already budgeted and we are talking about 3 billion riyals compensation for the land to be acquired,” said Ibrahim Bin Muhammad Al Sultan, [...]
Miramax locked in tie-up talks with Weinstein August 4, 2013 THE Weinstein Co has held preliminary talks with Miramax about a possible deal that could create one of the most powerful independent film players, according to reports. A deal would reunite Weinstein brothers – Harvey and Bob – with Miramax, a company they founded and later sold to Walt Disney, which owned Miramax Films until [...]
UK government concerned by Spanish threats over Gibraltar August 4, 2013 THE UK government has revealed its concern over remarks made by Spain’s foreign minister over Gibraltar, the disputed British territory on the southern tip of the Iberian Peninsula. Jose Manuel Garcia-Margallo said Spain will step up controls on Gibraltar following a dispute over fishing rights. In an e-mailed statement, the Foreign & Commonwealth Office in [...]
US deals hit 10-year high August 4, 2013 WALL Street has enjoyed its busiest July for equity deals since 2003, according to figures released at the weekend that provide extra hope that the confidence has returned to the world’s biggest economy. Last month 78 deals were priced on the equity markets according to data provider Dealogic, raising $14bn (£9.2bn) – a level last [...]
