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BHS plans next stage of turnaround

Posted:
09 February 2016 11:01

Fashion and homeware retailer and former Arcadia stablemate BHS is reportedly planning the next stage of its revamp after being bought out by Retail Acquisitions last year. The next phase will involve the closure of at least 30 of 50 unprofitable stores already earmarked for relocation or sale and a plan ...read more

Sainsbury’s outperforms rivals in “highly competitive market”

Posted:
09 February 2016 11:00

Results from Kantar Worldpanel show that Sainsbury’s outperformed the other ‘big four’ grocers. In November, the company said that it had delivered operating cost savings of £115 million in the first half of the year. Full year cost savings are now expected to be around £225 million and the group said ...read more

Next calls emergency shareholder meeting

Posted:
09 February 2016 10:59

It has been reported that fashion retailer Next has called an emergency shareholder meeting due to the company paying dividends on four occasions without informing Companies House that it had the money. The situation was brought to light due to 11 shareholders coming forward in October 2014 saying they had written ...read more

British lamb farmers who supply Tesco invited to take part in ‘cost of production’ trial

Posted:
08 February 2016 10:49

Supermarket giant Tesco is conducting an industry first ‘cost of production’ trial and are inviting British sheep farmers who supply its lamb to take part. If successful, the supermarket will be the first in the UK to implement such a model as it believes it will help instability in the UK ...read more

Burberry to change the way it sells its collections

Posted:
08 February 2016 10:40

Luxury fashion brand Burberry has announced it is to change the way it presents, creates and sells its catwalk collections as of September 2016. Going forward, there will be two shows instead of four, one in February and one in September including both menswear and womenswear. Also, catwalk collections will be instantly ...read more

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