Retail News

Department store John Lewis has reported another double-digit rise in sales, despite slow sales in its fashion lines. Overall revenues were 11.6% higher at £59.7 million in the week to last Saturday but the recent damp weather meant sales in fashion were 2% higher....

Celebrities and representatives of the lingerie and swimwear sector were out in force at The Savoy for a sizzling summer spectacular, the annual Contour Fashion Ball, which raised £52,000 for Retail Trust and the Fashion & Textile Children's Trust. The event, sponsored by Invista, Panache and Fashion...

InterContinental Hotels Group has announced that it will be the first hotel chain to support the London Living Wage. The move will mean raising the wages of hundreds of staff to £8.30 per hour. Stephen McCall, IHG managing director UK & Ireland, today said: "We've...

Fears that the long Jubilee bank holiday could harm the UK economy were dismissed by travel bosses today. Laurence Hicks, director of holiday rentals company CLC Leisure, said the Jubilee would provide "a much-needed boost for business" and financial services company PricewaterhouseCoopers (PWC) said it...

Music and DVD group HMV has appointed former Jessops chairman David Adams as a non-executive director. Mr Adams previously held senior executive roles at Burton Group, Texas Homecare, Asprey and House of Fraser, and non-executive chair roles at Alexon and Moss Bros. His...

A companies watchdog has asked a High Court judge to prevent directors of the Farepack Christmas hamper business, which collapsed six years ago leaving tens of thousands of savers out of pocket, from becoming company directors again. Lawyers representing The Insolvency Service asked Mr Justice Peter Smith to...

Moss Bros Group has said that it expects to meet its full-year expectations as trading performance continues to improve on last year. In the 16 week period to May 19th, the company saw total sales rise 7.9%, up 8.9% on a like-for-like basis, despite tough...

Online fashion store ASOS has seen a 49% rise in annual retail sales, boosted by international sales which jumped 103%. In the year ended March 31st, the company also saw pre-tax profit rise 43% to £40.9 million. Nick Robertson, CEO, commented: "During the year,...

Foundering retail group Mothercare has announced that a dismal UK performance saw the parenting retailer slump a £103 million loss. The group saw like-for-like sales tumble 6.2% in the year to March 31st in the UK, where it plans to cut store numbers from 311...

Tour operator Thomas Cook has appointed a new CEO from outside the travel industry as the company prepares to launch a turnaround strategy. Harriet Green, currently the boss of Leeds-based electrocomponents distributor Premier Farnell, will take the helm on July 30th. Thomas Cook said...