Supergroup to launch its first stores in Turkey August 22, 2013 SUPERGROUP, the company behind the Superdry fashion label, is to make its first foray into Turkey after signing a deal with a local franchise partner to open stores in the country. The popular clothing brand, whose celebrity fans include Real Madrid goalkeeper Iker Casillas and singer Ed Sheeran, announced yesterday that it has signed a [...]
Jack Daniels toasts rising demand with $100m new distillery in the US August 22, 2013 THE MAKERS of Jack Daniel’s whiskey will spend more than $100m to increase production to meet the growing thirst for the world-famous Tennessee whiskey. Jack Daniel’s maker Brown-Forman will build a new distillery, adding stills, barrel warehouses and related infrastructure, to boost production at its Lynchburg, Tennessee factory, the oldest registered distillery in the United [...]
WH Smith is on track to meet forecasts as it keeps lid on costs August 22, 2013 BOOKS and stationery chain WH Smith said yesterday it was on track to meet full-year forecasts as its strategy to improve margins and cost savings continued to pay off. In a pre-close trading update, the retailer said its travel business, which includes outlets in railway stations and airports, had continued its good performance and was [...]
Yahoo’s US web traffic overtakes Google in July August 22, 2013 YAHOO chief executive Marissa Mayer scored a coup over her former employer Google yesterday, after new figures showed its web services pulled in more visitors than Google for the first time in more than two years. A total of 196.6m unique users visited Yahoo sites last month, pushing it ahead of Google which attracted 192.2m [...]
Abercrombie & Fitch disappoints as same-store sales plummet August 22, 2013 ABERCROMBIE & Fitch reported comparable sales and profit far below Wall Street expectations yesterday, blaming a drop in store visits by shoppers, and the teen retailer said business will decline even more during the current back-to-school quarter. The company said comparable sales, which include online sales and sales at stores open at least a year, [...]
Primary Healthcare profits soar August 22, 2013 Primary Healthcare Properties said yesterday it expects to see “significant” demand for its healthcare facilities as a result of the government’s decision to disband primary care trusts and hand over power to local commissioning groups under radical NHS reforms that came into effect in April. The company has been expanding its portfolio in preparation and [...]
Gap upgrades full year forecast August 22, 2013 Gap yesterday reported a higher second-quarter profit, helped by the sales gains at its namesake and Old Navy chains and online, leading the clothing retailer to raise its full year profit forecast and dividend. The clothing retailer, which also operates the Banana Republic chain, now expects a profit for the year ending in February of [...]
Lufthansa plans $10bn jet order August 22, 2013 Deutsche Lufthansa’s board of directors and supervisory board are expected to approve in mid-September an order for about 50 wide-body jets worth more than $10bn at list prices, according to two people familiar with the matter. The German airline previously said it expected to place such an order in the second half of 2013. Lufthansa [...]
Car production in Britain goes up a gear in July August 22, 2013 CAR MANUFACTURERS in Britain produced seven per cent more cars last month, and analysts are expecting output to accelerate further during the rest of the year. Almost 129,000 cars rolled off the production lines in UK factories in July, compared to 120,391 for the same month a year ago. This jump helped to take year-to-date [...]
Property bond issues reach four-year high August 22, 2013 BONDS backed by commercial property in Europe have hit their highest level of issuance since 2009, rating agency Standard & Poor’s said yesterday. Issues of commercial mortgage backed securities (CMBS) in the six months to June topped €5.4bn (£4.6bn), more than the €3.2bn issued last year. “Cautious optimism prevails in the European CMBS primary market,” [...]
