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Marks & Spencer warns revival of clothing business will hit short term profits

Marks & Spencer chief executive Steve Rowe has said the retailer’s actions to revive its struggling clothing business will have an adverse effect on profit in the short term.

Latest retail news headlines

Dixons Carphone says full year pre-tax profit to be at top end of previous guidance

Dixons Carphone saw its group like-for-like sales climb by 5% in its fourth quarter. The group now expects its full year pre-tax profit to be at the upper end of previous guidance.

John Lewis sales up 6.1% last week

John Lewis grew its sales by 6.1% year-on-year last week with all the main sales directorates achieving an increase.

Ribble Cycles plans international expansion

Cycle manufacturer and retailer Ribble Cycles is to take its first international expansion steps by launching in Australia.

Stanley Gibbons sells Mayfair property

Collectable postage stamp retailer Stanley Gibbons has announced that it has exchanged contracts to sell the company’s leases over Ely House in London’s Dover Street and another adjacent property for £2.5 million.

Kingfisher makes 'solid' start to the year

Kingfisher, the owner of the B&Q DIY chain, has said it made a “solid” start to the year after like-for-like sales increased by 6.2% in the UK and Ireland in its first quarter.

Card Factory revenues up 6.5%

Greeting cards retailer Card Factory saw its total sales climb by 6.5% in its first quarter although footfall was down in its stores.

Topps Tiles delivers 'robust' first half performance

Tile specialist Topps Tiles has reported that like-for-like sales grew by 4.7% in the first half of its financial year as revenue rose by 3.8% to £108 million.

Urban Decay opens first store outside of London at Sheffield's Meadowhall

L’Oréal-owned cosmetics brand Urban Decay has opened its first standalone store outside London at Sheffield’s Meadowhall shopping centre.

Retail solutions news

Associated Security launches new polymer ready solution

The K500 is leading the way with cash management solutions.

3 Reasons Why You Need to Reimagine Your Loyalty Strategy NOW

The loyalty industry is about to experience a massive disruption. A perfect storm of three macro trends is upon us that will change how brands inspire enduring loyalty forever. To remain relevant to members and ensure everlasting loyalty, marketers to...
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