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Topps Tiles has backed its full year guidance after posting group sales growth of 4.4% in its third quarter. Meanwhile like-for-like sales at Topps Tiles were 2.5% higher year-on-year and 3.7% higher on a year-to-date basis in the period. The group said gross margins continued to improve in the quarter as inflationary...
Fashion retailer Quiz has grown its full year revenue by 17% to £91.7 million after its occasion wear offering was boosted by the absence of Covid-19 related restrictions. In the year to 31 March, pre-tax profit increased to £2.3 million from £0.8 million while EBITDA rose by 21% to £6.2 million. During...
JD Sports is to enter the Middle East through the signing of its first franchise agreement. The deal with Dubai based GMG will enable the sports fashion retailer to open around 50 stores in the region by 2028, with a focus on locations in United Arab Emirates, Saudi Arabia, Kuwait and...
Tesco is introducing a £5 million grant programme to give children across the UK a stronger start in life. The scheme was launched last week by Diversity star Jordan Banjo at the supermarket’s headquarters. Through a partnership with UK community charity Groundwork UK, the grants will help schools and children’s groups to...
Burberry has reopened its flagship store on London’s New Bond Street following a major refurbishment. Marking an evolution of the luxury brand’s store concept, the shop at 21-23 New Bond Street aims to offer an immersive shopping experience. The minimalist interior features an eclectic mix of contemporary furniture to create a stripped-back...
Footwear retailer Deichmann has opened a new store at the Ashley Centre in Epsom. The launch of the 3,498 square foot shop follows a £400,000 investment by Deichmann to make it reflect the brand’s new retail format to deliver a more spacious and modern shopping experience. The store offers Deichmann’s full range of...
Tesco has confirmed that Gerry Murphy will join its board and be appointed as its new chair on 1 September. Currently chair of Tate & Lyle and luxury brand Burberry, he will step down from his Tate & Lyle role on the same to date to ensure he has sufficient capacity...
The John Lewis Partnership is pressing ahead with plans to build and operate rental homes in areas where it has a local presence through Waitrose shops. The news follows the partnership’s announcement late last year that it was embarking on a multi-decade £500 million joint venture with investment company ABRDN. The partnership...
A recent study called “State of the Frontline Workforce 2023” surveyed 3,000 retail staff in the UK to understand their job satisfaction and career prospects. The results reveal a mixed picture: while the retail sector is more likely to recognise the value of its employees and provide opportunities for career growth...
Fashion retailer H&M’s shares rose 17% following the release of their second-quarter profit, which exceeded expectations. The company attributed the increase to cost-cutting measures and favorable weather conditions that benefited its summer collection. The stock reached its highest level since January 2022. H&M reported a 9% increase in net sales in the first...
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