Retail news from The City

Financial results

Tesco release fresh profit warning

Things appear to be going from bad to worse for Britain’s biggest retailer; today they have issued their second profit warning in as many months, and have slashed their dividend by 75 percent.The supermarket giant has stated that “a number of unce...
09:39AM - Fri 29th August 2014

Original Penguin continue Scottish expansion

Iconic American brand, Original Penguin, have opened their second store in Scotland. The lifestyle brand, which was founded in 1955, have launched their new store in Glasgow’s popular Silverburn centre.Original Penguin have been enjoying increasin...
10:06AM - Thu 28th August 2014


Timothy Parker steps down as CEO of Samsonite

American multinational luggage manufacturer and retailer Samsonite’s CEO and Executive Director Timothy Parker is due to step down from his role; he is to be replaced by in-house candidate Ramesh Tainwala.Tim Parker’s CEO escapades began when he w...
10:19AM - Fri 29th August 2014

Small businesses turn away from banks for funding

Figures released today by the BDRC Continental SME Finance Monitor have shown that SMEs are continuing to shun banks in favour of alternative funding. In 2011, 51% of small businesses used external finance; however, the latest data (for the second...
09:23AM - Thu 28th August 2014

Production Coordinator - Cosmetics
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Store Manager
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