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M&S profits drop for first time in three years

Marks & Spencer has posted its first underlying pre-tax profits drop in three years and has revised its predicted growth in revenues down by around £500m across the next three years.

Sainsbury's chief praises marketing as annual revenue hits £22.3bn

By Matthew Chapman, 09 May 12, 11:15

Sainsbury's chief executive Justin King has claimed marketing initiatives such as Brand Match have improved price perception as the supermarket chain unveiled a 5.6% increase in annual revenue (exclud...

Waitrose matches Tesco prices as Morrisons' growth slows

By Daniel Farey-Jones, 03 May 12, 09:21

Waitrose has pledged to match Tesco's prices on all branded grocery products excluding promotions, while Morrisons reports its growth phase is running out of steam.

Argos and Homebase owner posts 60% profit drop

By Matthew Chapman, 02 May 12, 12:21

Argos and Homebase are closing more stores as they shift to an increasingly multi-channel offer, after parent company Home Retail Group posted a 60% drop in yearly profits.

Starbucks sales boosted by Fairtrade espresso shot

By John Reynolds, 27 April 12, 09:21

Sales of lattes and cappuccinos at Starbucks have risen by more than 9% in the latest quarter, fuelled by a print and digital marketing campaign featuring baristas explaining how its coffees are made.

'We have to build better brands and we need a different conversation', admits Tesco chief

By Matthew Chapman, 18 April 12, 12:38

Tesco chief executive Philip Clarke has outlined what he wants to change about its marketing, as he likened the brand's recent strategy to "running up a down escalator" and said it had lost focus on t...

Ikea overtakes John Lewis as nation's favourite retailer

By Matthew Chapman, 17 April 12, 01:15

Ikea has overtaken John Lewis as the nation's favourite retailer, according to a poll of 6,000 consumers by Verdict Research.

M&S to revamp stores with £500m investment

By Matthew Chapman, 17 April 12, 09:35

Marks & Spencer is investing £500m in rolling out a new store format to the rest of its estate by mid-2013 after a successful trial, as it unveiled a 1.2% increase in first-quarter sales.

Tesco braces itself for first annual profit drop in 20 years

By Matthew Chapman, 16 April 12, 09:41

Tesco is expected to report the first decline in annual profits in its UK business in more than 20 years on Wednesday (18 April), when it will unveil the full extent of its turnaround plan.

Mothercare to close more than 100 stores and revamp online presence

By Matthew Chapman, 12 April 12, 09:36

Maternity, childrenswear and toys retailer Mothercare is to close 111 stores over three years, with its Early Learning Centre brand taking the biggest hit as the group's UK sales continue to plunge.