Retail news round-up on May 21, 2015: John Lewis plans shop-in-shop, Which? reveals more details of grocery probe, Target sees 52% jump in Q1 profits
John Lewis’s first shop-in-shop to open in Philippines
A John Lewis shop-in-shop is set to debut in the Philippines at SM Makati, the Manila Times reported. A broad array of own-brand home products including bed, bath, tableware, and home accessories, such as candles and photo frames, will be on offer in a dedicated John Lewis Department at SM Home in SM Makati’s Fifth Level.
Which? reveals more details of supermarket price probe
Consumer group Which? has discovered further examples of misleading deals in UK supermarkets, the BBC reports. The group claims it has found examples of offer prices being in stores for longer than the “normal price”. It also highlighted a case where the price of tea bags rose despite there being fewer bags in the box.
Target records 52% jump in quarterly earnings
US retailer Target has posted 52% rise in its first-quarter profits to $635m (£409m), driven by a boost from online sales. The results were also helped by strong sales of clothing and children’s products. The retail giant also raised its profit guidance for the full-year. The company now expects adjusted earnings of $4.50-$4.65 per share, compared with an earlier forecast of $4.45-$4.65.