Alliance Boots posts strong rise in trading profit

Boots UK sales fell 1.1 per cent like-for-like during its last full-year period, as health related products sold poorly

The parent company of UK-based health & beauty retailer Boots has today reported a full-year 12.4 per cent rise in headline trading profit after a decent performance in its domestic market.Alliance Boots revealed that in the year ending March 31st 2012 its total revenue grew by 18.4 per cent to reach £23 billion, he... read more...

10:29AM - Wed 16th May 2012

Greggs will continue to fight against the proposal by government to introduce a VAT charge to many of its bakery products.

Sales at Greggs slip in the wet weather

Westfield's shopping centres around the world have performed well in the first quarter of 2012

Westfield London sales up 2.2% in Q1

Charles Hunt argues that pure-play and not multichannel is the future for retail

Comment: Pure-play vs. multichannel

The new ad will feature youngsters playing in the sun

Halfords ad elicits British nostalgia

General retail

- Bicycle & car parts retailer Halfords has launched a new advertising campaign based on the feelings elicited by memories of British summertime.Launching this week, the retailer drafted in DLKW Lowe, a creative agency behind adverts for other well ...

05:45PM - Wed 16th May 2012

Land Securities owns numerous centres, including the White Rose Shopping Centre, Leeds

High streets “may not recover” from troubles, warns Land Sec

Financial results

- Property firm Land Securities Group has today predicted a bleak outlook for the UK high street, claiming that many locations “may never recover” from current struggles.Annual results released this morning by the largest commercial property company...

05:34PM - Wed 16th May 2012

Some of the volunteers of M&S' Big Beach Clean Up at Sandy Bay, Devon

M&S collects 11,500kg of litter from Britain’s beaches

Department Stores

- A set of false teeth, half a sofa uncovered in Edinburgh and a cabinet in Liverpool were all part of the debris cleaned up over the weekend in the latest venture by retailer Marks & Spencer.The Big Beach Clean, part of the company’s ongoing Foreve...

03:37PM - Tue 15th May 2012

Part of Ben Sherman's Autumn & Winter range for 2012

Ben Sherman hires new Brand Communications Director

Fashion

- Jo Lee has today been confirmed as the new Brand Communications Director of British fashion label and retailer Ben Sherman.Having spent the last eight years leading the marketing team at luxury brand Paul Smith, Lee comes to the business with sign...

12:16PM - Tue 15th May 2012

Philip Clarke has reportedly sent a letter to Tesco's management informing them that staff bonuses are to be cut by more than 80 per cent this year

Tesco cuts store manager bonuses by up to 80%

Grocery

- Philip Clarke, CEO of the UK’s leading retailer Tesco, has informed around 5,000 of the company’s store managers & executives that their annual bonuses will be slashed this year.According to The Daily Mail a letter was sent to the managers explain...

11:20AM - Tue 15th May 2012

Richard Kirk has quickly moved on from his role as Peacocks CEO to become the new boss at Poundstretcher

Ex-Peacocks boss becomes Poundstretcher CEO

General retail

- Discount retail chain Poundstretcher has appointed Richard Kirk as its new CEO, the retailer has revealed.The former chief of value fashion retailer Peacocks has over 40 years of retail experience and is highly respected within the sector.Kirk lef...

10:24AM - Tue 15th May 2012

Marc Bolland has aimed to increase M&S sales by £3 billion in three years but that now looks unlikely.

M&S to reduce sales growth targets

Department Stores

- High street retailer Marks & Spencer (M&S) is set to scale back its ambitions plans for sales growth next week due to the depressed state of UK consumer spending, reports have suggested.Just 18 months ago CEO of M&S Marc Bolland claimed that the b...

11:28AM - Mon 14th May 2012

Wickes sales have been affected by the adverse weather seen this Spring

Wickes sales slump in wet weather

Home & DIY

- Sales since the start of the year at DIY specialist Wickes have been dampened by recent cold and wet weather, a trading update published today reveals.Parent company Travis Perkins has seen its total revenues boosted by the full incorporation of T...

10:52AM - Mon 14th May 2012

Lord Harris has announced he is to step down as CEO of Carpetright after almost 25 years in charge of the retailer

Lord Harris to step down as Carpertright CEO

Home & DIY

- Long-serving retail boss Lord Harris is to step down from his role as CEO of carpet & flooring specialist Carpetright, it has been announced today.Harris, who founded the business in 1988, will be replaced in the CEO role by former Sainsbury’s dir...

11:59AM - Fri 11th May 2012

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