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Breakfast briefing

Breakfast briefing: Retail news on House of Fraser, Net-a-Porter, Co-op Pharmacies and more

Retail news round-up on July 14, 2014: House of Fraser creates new head of SEO role, Net-a-Porter accused of not paying enough tax, Bestway boss to become preferred bidder for Co-op Pharmacies and more

Luxury brand Burberry has warned that volatile exchange rates could hit full year profits as it revealed a quarterly sales rise.

Burberry warns foreign exchange rates could hit profits

Luxury brand Burberry has warned that volatile exchange rates could hit full year profits as it revealed a quarterly sales rise.

Breakfast briefing

Breakfast briefing: Retail news on Burberry, Sports Direct, Carphone and Net-a-Porter

Retail news round-up on July 1, 2014: Burberry appoints digital vice president, Sports Direct quashes rumours it is to buy Office and more.

Mulberry full year profits plummet as current trading nosedives

Mulberry full-year profits plummet 46% and current trading nosedives

Handbag retailer Mulberry’s pre-tax profits crashed 46% to £14m in its full year and like-for-likes nosedived 15% in recent weeks.

Fortnum & Mason has appointed two non-executives to its board including the former boss of Harrods Marty Wikstrom

Fortnum & Mason appoints former Harrods boss to board

The iconic food department store Fortnum & Mason has appointed two non-executives to its board including the former boss of Harrods.

Luxury fashion brands such as Burberry, Aquascutum and Barbour have all added to the allure of UK retail for international shoppers.

Comment: How mass-market retailers can tap into the ‘Ramadan rush’

The UK’s mass-market retailers have sometimes been unsure of how best to attract greater numbers of international shoppers to their stores.

Waitrose has been successful at differentiating itself from competitors.

Comment: Retailers must be distinct or risk becoming extinct

It has become commonplace that polarisation in retail is accelerating. In grocery, shoppers are migrating to hard discounters and premium chains such as Waitrose and M&S.

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