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Off-pricer Q3 profit tops Street

November 21, 2017

Burlington Stores reported profit in its third quarter that topped analysts’ expectations, but the impact of hurricanes bite into its sales.

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Signet shares plunge 27 percent after the jewelry retailer slashes its forecast

November 21, 2017

The parent of Jared, Kay and Zales said weather-related incidents shaved 10 cents a share off its earnings.






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7-Eleven makes an unusual move with new beauty line

November 21, 2017

7-Eleven is looking to grab market share in a lucrative category that most convenience stores largely ignore.






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Watch out for ‘porch pirates’ who want to steal your holiday gift packages

November 21, 2017

You're not the only one eagerly awaiting the arrival of those Black Friday and Cyber Monday packages.






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AO.com half-year losses widen by almost £10m

November 21, 2017

AO World’s losses has widened by almost £10 million, as the electricals retailer increased UK brand expenditure and investment in Europe. For the six month period to the end of September, AO World’s total operating losses stood at £12 million, compared to the £2.8 million recorded during the same time last year.






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Kingfisher’s Screwfix chain offsets weak B&Q sales

November 21, 2017

Kingfisher has said it remains on track to meet full-year targets as inflation and strong growth at its Screwfix fascia helped offset falling sales at B&Q. The home & DIY retailer recorded a three per cent rise in total sales to £3 billion for its third quarter ending October 31, and while there was a 0.5 per cent fall in group like-for-like sales, this was an improvement on a second quarter fall of 1.9 per cent. Kingfisher’s performance was boosted by a 16.6 per cent jump in Screwfix revenues, which also drove a 2.5 per cent increase in sales across its UK & Ireland market.






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Mary Portas makes final call for business rates freeze ahead of Budget

November 21, 2017

Chancellor Philip Hammond must do more to tackle rising business rates than simply limit inflationary rises, Mary Portas has warned ahead of tomorrow’s Budget. The former government advisor and TV personality known as the “Queen of Shops” has made a final plea to Hammond to halt rises in business rates in the Budget, “so that our independent retailers have a fighting chance of survival in today’s shaky and volatile market”. The move follows similar calls from the British Retail Consortium (BRC), British Chambers of Commerce, and several chief executives in the retail industry






Retail News

Mary Portas makes final call for business rates freeze ahead of Budget

November 21, 2017

Chancellor Philip Hammond must do more to tackle rising business rates than simply limit inflationary rises, Mary Portas has warned ahead of tomorrow’s Budget. The former government advisor and TV personality known as the “Queen of Shops” has made a final plea to Hammond to halt rises in business rates in the Budget, “so that our independent retailers have a fighting chance of survival in today’s shaky and volatile market”. The move follows similar calls from the British Retail Consortium (BRC), British Chambers of Commerce, and several chief executives in the retail industry.






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Urban Outfitters posts “record sales” in third quarter

November 21, 2017

Urban Outfitters has comfortably beaten market expectations, posting “record third quarter sales” across all of its brands.






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Urban Outfitters posts “record sales” in third quarter

November 21, 2017

Urban Outfitters has comfortably beaten market expectations, posting “record third quarter sales” across all of its brands. The fashion group, which owns brands Anthropology and Free People alongside the eponymous retail chain, posted a 3.5 per cent jump in net sales to $893 million (£674.13 million), having been forecast to top just $861 million (£649.97 million). In the three months to October 31, net income across the group hit $45 million (£33.97 million), overreaching the $37 million (£27.93 million) predicted






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