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Joules CEO to step down About 2 years ago

Joules has posted a 20% increase in revenue in the 13 weeks to 1 May, although its profit has come in below management’s expectations for the period. In a statement, Joules said profit has been impacted by an increasingly promotional environment with reduced demand for full price items as well as...

Retail footfall boosted by bank holiday weekend About 2 years ago

New figures have shown that retail footfall rose by 3.1% last week from the previous seven day period. According to Springboard, footfall was also up over the May Bank Holiday weekend, with an uplift of 8% across Saturday 30 April to Monday 2 May. The strong increase meant that the gap...

Schuh opens Irish distribution centre About 2 years ago

Schuh has opened a new distribution centre in Dublin to help drive growth in Europe. Spanning 49,000 square feet, the facility will be used to supply products to Schuh’s ten stores in Ireland and to fulfil orders made through Irish, German and EU websites. It will also enable the retailer to...

Food waste is costing families £800 a year About 2 years ago

New research by Tesco shows that the average British family is wasting approximately £800 worth of edible food a year. The nationwide study reveals three quarters of UK households (77%) say they throw away unopened or unused food, more than a third (37%) doing so on at least a monthly basis...

John Lewis Partnership to invest in tech talent About 2 years ago

The John Lewis Partnership is to recruit 150 tech specialists as part of an investment in its online business. The owner of the John Lewis department store and Waitrose supermarket chains has seen online sales surge since the outbreak of the Covid-19 pandemic and its websites now have more than 55...

Hamleys launches immersive gaming space About 2 years ago

Hamleys has launched what it says is London’s biggest multi-brand dedicated gaming space at its Regent Street store. Open seven days a week, the 3,000 square foot area features 13 play zones that are available to play solo or in competition with expert Hamleys Gamer Pros. The move marks a major new...

Travis Perkins reports ‘encouraging’ first quarter About 2 years ago

Travis Perkins has said it made a positive start to its new financial year with total sales in the three months to 31 March rising by 13.6%. Sales in its merchanting segment grew by 17.9% with all businesses performing in line with expectations. Meanwhile, Toolstation total sales were down 6% as expected...

Amazon sales slow About 2 years ago

Amazon has reported its first loss since 2015 after trading was impacted by slowing sales, rising costs and its investment in electric carmaker Rivian. The online retail giant saw its revenues grow by 7% to $116.4 billion in its first quarter which marked its slowest growth rate in two decades. It also...

AO World sees full year revenue drop About 2 years ago

AO World has said its revenue declined by 6% to £1.56 billion in the 12 months to 31 March against strong prior year comparatives when the company was boosted by more people buying online during the Covid-19 pandemic On a two-year basis, group revenues increased by 52%. During the year, the electrical...

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