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Topps Tiles sees strong start to new financial year About 3 years ago

Topps Tiles increased its retail like-for-like sales by 1% year-on-year in the 13 weeks to 1 January and by 21% on the same period two years ago. The retailer said it benefited from good levels of trading extending further into December as customers sought to finish they home transformation projects by...

Dunelm upgrades profit forecast About 3 years ago

Dunelm has seen its second quarter  total sales climb by 13% year-on-year to £407 million and by 26% on pre-pandemic levels two years ago. In the three months to 25 December, growth was broad based across nearly all product categories, although furniture and seasonal ranges performed particularly well. During the period, Dunelm...

Lidl saw record footfall in run-up to Christmas About 3 years ago

Lidl saw its sales edge up 2.6% year-on-year in the run-up to Christmas and by 21% on the same period two years ago. The discounter said it benefited from record footfall levels in the week leading up to the big day, with footfall up 14% year-on-year on its busiest day, which...

Wilko to axe 15 stores About 3 years ago

Wilko has proposed the closure of up to 15 stores this year, threatening more than 330 jobs with a union branding it another “nail in the high street’s coffin”. The Nottinghamshire-headquartered company said it follows a review of the 414-strong portfolio, and does not impact on new store or store relocation...

Steve Madden expands board with new appointments About 3 years ago

Steve Madden has appointed Arian Simone and Peter Davis to its board of directors. Simone is currently chief executive of Fearless Fund,  a venture capital fund that invests in women of colour-led businesses, which she co-founded in 2018. Prior to that, she was the owner of AR PR Marketing, a publicity...

Retail footfall dropped by 6% last week About 3 years ago

Retail footfall dropped by 6% last week compared to the prior seven day period as working from home guidance continued to have an impact. According to retail specialist Springboard, footfall was down 25.6% in Central London, although local high streets experienced a more modest decline of 10.9% from the week before....

Ikea cuts sick pay for unvaccinated staff About 3 years ago

kea has slashed sick pay entitlement for some unvaccinated staff forced to self-isolate after close contact with someone infected with Covid. This means unvaccinated workers, who are required by the Government to isolate for 10 days after close contact, could receive as little as £96.35 a week under Statutory Sick Pay...

Procter & Gamble to acquire Tula beauty About 3 years ago

Procter & Gamble is to acquire the Tula skincare company as part of plans to expand its portfolio of upmarket beauty brands. Founded by Dr Roshini Raj alongside, Bobbi founder co-founder Ken Landis and tech entrepreneur Dan Reich, Tula makes certified cruelty free beauty products including cleansers, moisturisers, masks and products...

Sainsbury’s to increase store staff pay About 3 years ago

Sainsbury’s is increasing its basic hourly rate of pay for all Sainsbury’s and Argos staff from £9.50 to £10 an hour. In addition, staff in inner London will receive an uplift from £10.10 to £11.05 whilst workers in outer London will see their pay rise from £9.75 to £10.50. The supermarket is...

Icon Outlet looking ahead to a successful 2022 About 3 years ago

Icon Outlet is  looking ahead to a successful 2022 following strong results last year. After stores re-opened in April last year following the Covid-19 lockdown, the London centre at The O2 reported a 5% increase in like-for-like sales compared to 2019 as well as a weekly average sales uplift of 17.5%....

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