Year: 2019

Body Shop profits rise amid ‘remarkable’ UK sales performance

The Body Shop has reported an increase in sales and profits in its third-quarter, due to a “remarkable” performance in its UK market. The ethical beauty retailer reported an 18.7% EBITDA surge to £11.6m, resulting in a 1.1% increase in revenue reaching £173.9m.  Natura and Co, the parent company of…

Read More »

Co-op announces David McKnight as new director

The Co-operative has confirmed the appointment of David McKnight as new managing director of the Federal Retail and Trading Services. The FRTS acts as the buying group for independent Co-ops, and is owned by the Co-op group and independent retail Co-op societies. It serves over 4,000 outlets in the group.…

Read More »

Nike cuts ties with Amazon amid increased focus on direct-to-consumer

Sports fashion retailer Nike has cut ties with online retail giant Amazon and will no longer sell its products on the platform, as it increases its focus on direct-to-consumer sales. In a statement, the retailer said that as part of Nike’s focus on “elevating consumer experiences” through more direct, personal…

Read More »

UK retail sales fall ‘unexpectedly’ in October

UK retail sales “unexpectedly” decreased by 0.1% in October, according to a report from the Office for National Statistics (ONS). The ONS said that in the three months to October retail sales increased by just 0.2%, compared with the same period last year last year, which is the “weakest” growth…

Read More »

How to avoid profit loss by keeping your retail store up to date

In the store many actions are taken just because management likes to do them a certain way. “If it ain’t broke, don’t fix it,” it’s often said.  And particularly in well-established stores with a reputation to uphold, keeping standards high might entail squashing innovation in order to protect a static…

Read More »

Burberry profits rise despite Hong Kong protests ‘dampening’ sales

Burberry has posted pre-tax profit of £193m for the half-year to 28 September, despite recent protests in Hong Kong dampening its sales. Months of protests in Hong Kong have affected the British retailer, but it still managed to increase adjusted operating profits by 14% in the first half of the…

Read More »

Card Factory sales boosted by group expansion

Card Factory welcomed a strong performance this financial year, with a 5% rise in group sales in the year to 31 October.  Its latest trading update, posted today, also revealed a yearly growth of 0.9% in like-for-like sales. Sales in the quarter fell 0.4%, though this was due to weaker…

Read More »

The Co-op to open seven new stores in Scotland

The Co-op has announced it is set to launch seven new stores in Scotland this month, as part of a £4.4m investment programme which will create 60 jobs. New Co-op’s will open their doors in Stornoway, Isle of Lewis and Stirling on 15 November and Edinburgh on 22 November. Galston,…

Read More »

A festive general election: how will retailers survive Christmas 2019?

For retailers, the closer it gets to Christmas, the more political uncertainty there is leading to dwindling consumer confidence and irrefutable anticipation of poor festive sales. After a year of struggle for retailers across the country and more odds against them, how can this festive season be the most profitable…

Read More »

British Land profits slip in half-year results

British Land has reported a decrease in pre-tax profits for its first half, as its underlying pre-tax profits dropped from £169m to £158m in the six months to the end of September. British Land’s portfolio fell by 4.3%, as revenue also dropped by 34% to £328m. The value of the…

Read More »