Year: 2019

Dixons Carphone bosses face backlash from investors over pay

Consumer electronics retailer Dixons Carphone is facing backlash from investors afters its AGM yesterday (5 September), over the pay and bonuses received by its management team. According to Sky News, it comes after the group’s CEO Alex Baldock was awarded shares worth over £2.3m earlier this year under a long-term…

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The festive season survival guide

As the uncertainties caused by the likes of Brexit, PSD2 and strong customer authentication swirl around retailers, life still presents its certainties: death, taxes and the mad rush produced annually by the approaching Christmas shopping season. No doubt the festive season is a positive for retailers, a spike in orders…

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Monsoon in legal battle with British Land over CVA plans

Monsoon is facing a legal battle with FTSE 100 property company British Land over its CVA plans. According to Sky News, the owner of Meadowhall shopping centre in Sheffield filed a challenge to block Monsoon’s restructuring plans which will see rents cut by between 25% and 65% across just over…

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Retail salaries rise in August but job vacancies fall ‘dramatically’, report reveals

Retail businesses increased pay for staff by 1.4% in August, according to new data from independent job board CV-Library. Despite this positive trend, CV-Library said the findings, which analyse job market data from August 2019 with the same period in 2018, revealed that the amount of retail jobs on offer…

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M&S appoints new head of menswear design

Marks and Spencer has appointed Burton head of design Karen Hall as its new head of menswear following the departure of James Doidge. Hall will be working with former Burton managing director Wes Taylor, who was appointed menswear director in March last year. She joins the retailer following three years…

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Shifting the approach towards returns

In 2010, the e-commerce industry in the UK was worth £60bn. Fast forward to 2019 and its value has more than tripled to £182bn, according to the Ecommerce Foundation. Due to its convenience and 24/7 access, online shopping is becoming more popular than ever and by 2021 e-commerce sales are…

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Boohoo raises FY guidance after sales come in ‘ahead of expectations’

Online clothing retailer Boohoo has raised its full-year guidance after it reported sales for the first half of the year came in “ahead of expectations”. In a trading update Boohoo said that due to “strong” revenue growth driving operating leverage across its key brands it now anticipates group sales growth…

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Dixons Carphone sales increase despite mobile sales decline

Consumer electronics retailer Dixon Carphone has reported an increase in like-for-like sales for Q1, following “strong” performance in white goods, tablets and gaming.  During the 13 weeks to 27 July, UK and Ireland like-for-like sales increased by 2%. International sales also increased by 4%, with a 4% rise in the…

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Dunelm profits jump 23.4% in full-year results

Homewares retailer Dunelm has reported a 23.4% increase in profit before tax to £125.9m for the year ending 29 June 2019. The group said the increase reflects higher sales, improved gross margins and a “better operational grip”. Total like-for-like sales also increased by 10.7% during the period, with “strong” growth…

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Shares at Quiz drop following ‘tough trading’ period

Shares at fashion brand Quiz have dropped by over 10% today (4 September) after it warned about challenging conditions ahead of its AGM later today. The fashion brand has issued two profit warnings this year following ‘significant shortfall in sales. A statement from non-executive chairman Peter Cowgill said: “The challenging…

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