Retail

John Lewis putting itself at a further ‘disadvantage’ with lack of retail experience on new board

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A lack of retail experience at the top of the newly-emerging board at the John Lewis Partnership risks putting the group at a further ‘disadvantage’ in the cut-throat world world of department stores, a leading retail analyst has claimed.  Speaking to This is Money, Richard Hyman said: ‘If knowledge and experience has any value at … Read more

Arcadia tumbles to a £170m loss in ‘dramatically’ changed retail industry

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Philip Green’s Topshop and Burton empire plunges to a £170m loss as it falls behind in ‘dramatically’ changed retail industry Arcadia Group includes Topshop, Topman, Dorothy Perkins, Burton and Wallis  Accounts for holding company Taveta show it swung to £170million loss last year Sales across the group slumped by 4.5 per cent to £1.8billion  By Emily … Read more

FTSE LIVE: Aviva to axe 1,800 jobs; Joules shrugs off retail blues with sales rise

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FTSE CLOSE: Aviva to axe 1,800 jobs; Ford to close Bridgend plant; Fiat Chrysler walks away from Renault merger Insurance giant Aviva to cut 1,800 jobs in a bid to save £300million   Fiat Chrysler has shelved its ambitions to merge with Renault  Sales at fashion firm Joules rose 17% to £218million in its last full … Read more

British welly and raincoat brand Joules shines in tough retail market

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Quintessentially British welly and raincoat brand Joules shines in tough retail market with double-digit sales rise Joules said sales jumped 17% to £218million in the 12 months to the end of May  The fashion firm expects profits to come in at the top end of forecasts  Its online sales now account for half of the … Read more