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It has been reported that supermarket chain Aldi is planning on opening 80 new stores in 2016 which is in line with its £600million investment plan. With a rise of 23% on last year, when Aldi opened around 65 stores, this year will bring the supermarket’s total UK store count to...
Mike Ashley’s Sports Direct has made an announcement clarifying the role of his daughter’s boyfriend who was recently appointed to lead the company’s property division. The company has said that Mr Murray is not paid a salary and denied that he is a director of Sports Direct or any of its...
A study by Investors in People has shown that 46% of retail employees are looking to move jobs in 2016 as the economy improves, with one in seven already actively job hunting. The findings are highlighted in a new report “Job Exodus Trends 2016” which shows that over a third (36%)...
It has been reported that sales on the high street dropped 3% year-on-year last week as shoppers preferred to visit retail parks and shopping centres. Figures also revealed however, that retail parks saw a 3.6% increase and shopping centres enjoyed a 1.8% rise over the same period. Despite a 5.1% year-on-year rise...
It has been reported that department store Debenhams is in talks with the former chief executive of Kingfisher, Sir Ian Cheshire to become its next chairman. Nothing has been confirmed yet, however if all goes well Sir Ian Cheshire will take over from the current chairman Nigel Northridge who has held the positon...
American Apparel has acted in “an abundance of caution” as it attempts to steer itself through bankruptcy. On Monday American Apparel asked in court documents for a 90-day extension to its exclusive period for filing a reorganisation plan following former CEO and founder Dov Charney’s claim that he might make an...
Morrisons has announced that it will donate £100,000 to those suffering from the effects of flooding in northern Britain. The supermarket chain will extend its support to flood appeals in Yorkshire, Cumbria, Lancashire, Greater Manchester and Scotland. Morrisons’ monetary aid will be put towards clean-up costs, repairs and emergency supplies of clothing,...
John Lewis saw its sales rise by 2.3% to £129.2 million year-on-year last week with both the shops and johnlewis.com enjoying solid trade. The shopping days before Christmas were busy with customers making last minute purchases in the shops and picking up Click & Collect orders until the store closed on...
Tesco has a new addition to its list of recent woes as its biggest investor, Government Pension Fund Global, has sold a large percentage of its shares in the chain. The Norwegian group sold 27million shares in Tesco last week, bringing its total stake in the supermarket chain lower than 6%....
Selfridges have experienced the most profitable hour in its history as shoppers turned out in their thousands for the post-Christmas deals. Crowds appeared outside Selfridges stores across Britain, in some cases as early as 1am, to take advantage of Boxing Day sales. The huge crowds were a welcome appearance as recent...
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