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B&M saw its group statutory pre-tax profit climb by 108.5% to £525.4 million in the year to 27 March. Group revenues increased by 25.9% to £4.8 billion after like-for-like sales at B&M UK stores rose by 23.8%. Group adjusted EBITDA growth was also strong at 83%. Meanwhile, B&M’s Babou business in...
Supreme has opened its first store in Italy in the Brera shopping district of Milan. Situated in a corner unit on Corsa Garibaldi, the 1,080 square foot space features six floor to ceiling windows, walls decorated with murals designed by US pop artist Nate Lowman and sculptures by Mark Gonzales. Selling Supreme’s...
America's second largest burger chain is returning to the UK after 20 years with a promise to steal market share from rivals McDonald's and Burger King. Wendy's, famous for square burgers, plans to open up to 400 outlets nationwide creating at least 12,000 jobs, although that could take many years, it said....
Waitrose has announced that it is to create up to 400 jobs through the expansion of its Deliveroo service to 110 new shops across the UK. The move means the service will be operating in 150 Waitrose shops by the end of the summer and will take the number of people...
Sainsbury’s has posted a full year statutory pre-tax loss of £261 million after it incurred £485 million worth of Covid-19 related costs and sold less fuel during the pandemic. This was despite retail sales climbing by 7.8% to £28.8 billion when fuel was excluded. In the year to 6 March, grocery and...
Zara has launched its own cosmetics line called Zara Beauty. Available worldwide, the range is housed in its own section in-store and will also be sold online from 12 May in Europe, the US, Canada, China, South Korea, Japan, Mexico, Australia and New Zealand before gradually being rolled out elsewhere....
Online fashion retailer Boohoo has seen its full year pre-tax profit rise by 35% to £124.7 million after achieving strong revenue growth across all of its territories. In the year to 28 February, group revenue climbed by 41% to £1.745 billion as UK sales rose by 39%. International sales were also...
The SCRUBD men’s skincare company is to expand into the duty-free and travel retail sector. The luxury brand currently trades in nine markets worldwide including the US. SCRUBD has hired retail property consultancy Harper Dennis Hobbs to assist with the expansion to enable it to attract new travel and duty-free audiences. The...
Wine retailer Majestic has opened a new store in Beaconsfield as part of its UK expansion plans. The move means the retailer now has over 200 stores across the country with 88% of the adult population now living within 10 miles of a Majestic. The new Beaconsfield store is a slightly larger...
Santander has announced plans to close 111 branches across the country due to the shift to mobile and online banking. The bank said it had taken the decision because fewer customers were choosing to bank in branch. About 840 staff will be affected by the closures, although Santander promised to try to...
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