The mass retailer is following in the steps of other chains such as Sephora in making natural beauty products an important part of its business. The company has also pledged to reduce its chemical footprint.
JD Sports’ founder David Makin and business partner John Wardle are reported to be about to float their Footasylum sports shoe chain with an IPO potentially putting a value of around £150 million on the business.
Furniture giant DFS, which holds French Connection and Joules licenses, saw a sharp drop in its annual profits after a “significant deterioration in the consumer market” hurt sales in the second half of the year.
Creditors to Sears Canada have set a deadline of Oct. 7 for the retail chain to enter liquidation agreements for all its assets, leaving the company with just days to reach a deal to continue operations.
A senior accountant at Tesco described mounting pressures on managers as the food business under-performed against targets in 2014, telling a London court that his attempts to have the targets revised fell on deaf ears.