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Card Factory to power on with expansion despite profit dip

Tuesday 28 March 2017 - Posted by Elias Jahshan

Card Factory has reported lower high street footfall and a dip in profits in its full-year report, but this is not preventing the retailer from opening new shops. For the retailer’s fiscal year to January 28, pre-tax profits dipped by 1.1 per cent to £82.8 million, while total...


Jacamo partners with Asos

Tuesday 28 March 2017 - Posted by Ben Stevens

Jacamo has launched a partnership with Asos in an effort to attract more millennial shoppers and reposition its image. The menswear retailer was selected to test out its parent company N Brown Group’s scheme, offering curated ranges to partner websites like Asos. The partnersh...


Amazon Go faces launch delays amid technical trouble

Tuesday 28 March 2017 - Posted by Ben Stevens

The cashier-less supermarket from Amazon is likely to delay its launch this month as numerous technical issues have been exposed. The widely anticipated roll out of Amazon's foray into the physical grocery market uses sensors to track shoppers’ items so they can avoid the chec...


Transline searches for new backers as it faces 2nd grilling from MPs

Tuesday 28 March 2017 - Posted by Ben Stevens

Transline has reportedly appointed KPMG as advisors to raise fresh capital for the business before appearing in front of a parliamentary inquiry today. Although the reason for this search has not been confirmed, analysts have suggested the the recruitment company, which is at ...


Moss Bros full year profits skyrocket

Tuesday 28 March 2017 - Posted by Ben Stevens

Menswear retailer Moss Bros has revealed skyrocketing full year profits “in spite of continuing tough market conditions”. In the year to January 28, pre-tax profits shot up by 20.3 per cent to £7.1 million, while EBITDA climbed 8.8 per cent to £13.6 million. Like-for-like sale...


Retailers prepare as new £1 coin enters circulation

Tuesday 28 March 2017 - Posted by Ben Stevens

The introduction of the new £1 coin begins today, with 1.5 billion to enter circulation in the coming months. The 12-sided coin, the first new £1 coin for over 30 years brought in to try and tackle counterfeiting, will start appearing in shoppers' change within days. Retailers...


99p Stores the latest victim of administration

Tuesday 28 March 2017 - Posted by Elias Jahshan

Budget retail chain 99p Stores has entered administration, shuttering the doors of its 60 stores around the UK. Steinhoff, the owner of the chain, has reportedly appointed Alix Partners to administrate the business. While the shops have been closed, job losses have been kept t...


Tesco fined £129m over 2014 accounting scandal

Tuesday 28 March 2017 - Posted by Elias Jahshan

The Serious Fraud Office has handed Tesco a £129 million fine over the 2014 accounting scandal, but has allowed the company to avoid prosecution. The supermarket giant’s subsidiary – Tesco Stores – finalised a deferred prosecution agreement (DPA) after a two-year investigation...


Tesco-Booker merger thrown in doubt after shareholders' protest

Tuesday 28 March 2017 - Posted by Elias Jahshan

Tesco’s merger with food wholesaler Booker has hit a major snag after its third and fourth-largest shareholders criticised the proposed £3.7 billion deal. Schroders and Artisan Partners have separately written to Tesco chairman John Allan, pressuring him to can the merger. The...


Hands On with Ted Baker's interactive campaign

Monday 27 March 2017 - Posted by Ben Stevens

What is it? Ted Baker has launched a new advertising campaign for its spring 2017 range called Keeping Up with the Bakers, based around a fictional family living in a 1950s-styled suburbia. The campaign has various elements, including its centerpiece 360 degree shoppable adver...