Retail news round-up on September 17, 2015: Eagle Eye’s soaring sales, small firms split on Europe

Retail Week Breakfast Briefing

The digital promotions firm Eagle Eye, which is backed by former Tesco boss Sir Terry Leahy, has reported a 165% jump in sales.

The company, which signed contracts with Sainsbury’s and Asda this year, saw revenues climb to £4.9m from £1.8m a year ago, the Daily Telegraph reported.

However its full-year losses widened from £817,000 to £1.5m to June 30. Gross profit grew 71% from £1.4m to £3.5m.


Small businesses in the UK are split over whether to stay in the European Union or not, according to a new survey.

The Federation of Small Businesses poll found that 47% of its members would vote “yes” and stay in, but around 41% would vote to exit, the BBC reported.

About 60% of small firms in Scotland would vote “yes”, the survey found.