JD Sports has posted record results despite the UK's high street crisis, as the sports retailer looks abroad for further growth opportunities. The group reported a 49.2 per cent increase in annual revenue to £4.7bn for the 52 weeks to February 2, coming in at the higher end of market expectations. Meanwhile, profit before tax was up 15.4 per cent to £339.9m. JD said it was "not immune" to the challenges facing the UK retail sector, but that its British and Irish business had delivered a rise in sales and profitability. The performance has reinforced management's belief that bricks-and-mortar stores are still having a positive influence, as the estate "raises brand awareness, provides consumers with an opportunity to physically see and try the product, and enables us to provide multiple delivery points". Globally, the company opened a net 83 new JD stores with 78 of these in international markets as the group turns its attention abroad. Executive chairman Peter Cowgill said: … [Read more...] about Another record year for retail giant JD Sports despite UK high street woes
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Tesco: From selling Army surplus on a barrow to the high street's biggest supermarket BelfastTelegraph.co.uk It is tempting to say that Tesco needs no introduction. One of the largest retailers in the world, the company is part of the scenery. https://www.belfasttelegraph.co.uk/life/features/tesco-from-selling-army-surplus-on-a-barrow-to-the-high-streets-biggest-supermarket-37836762.html https://www.belfasttelegraph.co.uk/life/features/article37836759.ece/0ca0c/AUTOCROP/h342/2019-02-21_lif_48146791_I1.JPG Email It is tempting to say that Tesco needs no introduction. One of the largest retailers in the world, the company is part of the scenery. We've grown up with it, shopped in it (you definitely have, whether intentionally or not) and probably at some point complained about the self-service checkouts. The sky is blue, grass is green and Tesco sells a lot of food. What really set Tesco apart from the pack was its ability to watch, predict and adapt to consumer behaviour. … [Read more...] about Tesco: From selling Army surplus on a barrow to the high street’s biggest supermarket
The high street crisis saw tens of shops disappearing from Bristol in 2018 and the pressures facing retailers look set to continue into 2019. Just last week Paperchase announced it will be shutting stores, while outdoor equipment chain Cotswold Outdoor, which has a shop in Broadmead, revealed it is considering a wave of closures. But as shops start to vanish from the city, to be replaced by housing, offices and entertainment space, one property expert says people shouldn’t be worried. Simon Peacock, director at property business JLL, which has offices on Great St George Street, believes the high street’s decline is an opportunity for Bristol to reinvent its city centre. Simon says city and town centres need to be refashioned into "community hubs", offering a mix of housing, workspace, leisure activities and shopping. He explained: "The location of old department stores and large shops are often ideal for other uses such as much-needed homes, offices, hotels, restaurants, … [Read more...] about Why high street crisis is an ‘opportunity’ for Bristol
Opinion PUBLISHED: 11:30 02 February 2019 Paul Geater Despite all the talk of internet shopping, most Christmas presents were bought from shops. Picture: PAUL GEATER Archant Today it feels as if the High Street – the mythical heart of every town and city across the country – is under more pressure than ever before. The news that Pret a Manger is not coming to Ipswich was a big blow to the town centre. Picture: ARCHANTMuch has been written and spoken about which stores/restaurants/bank branches will be next to close – but how close are we to knowing why this existential threat to so many businesses, and indeed whole districts, is happening?And why are some shops seen as vulnerable while others are apparently bucking the trend? And can things be turned around for those facing problems?New technology – the rise of internet shopping – is one reason often given for the crisis in retailing and it no doubt is a factor. Over … [Read more...] about Can High Streets in towns like Ipswich and Bury St Edmunds survive the current upheavals?
A reform of Finland's matriculation exams has moved the end of classroom instruction for last-year upper secondary school (high school or lukio) pupils up to the final week of January, ending the 100-year-old tradition of holding end-of-studies festivities in the second week of February in many schools.For example, final-year students at Nurmes Upper Secondary School in eastern Finland have decided to move their "penkkarit" up to 7 February this year. They will hold the school's "Old dances" (Vanhojen tanssit), a formal ball for second-year students to celebrate their new status as the oldest kids in the school, on 15 February."Penkinpainajaiset", commonly known as "penkkarit", started in Finland with the spring exam-takers taking sleigh rides from their schools to a restaurant. In recent years, it has morphed into a parade of sorts, with truckloads of final-year kids in costumes riding through the streets in decorated lorries throwing candy and celebrating their "release from the … [Read more...] about Reform changes some dates of traditional high school parades in Finland