Mothercare has become the latest international retailer to suspend all business in Russia. But, unlike some, it will hit its bottom line hard as business with the country represents up to 25% of itf global retail sales.
If you’re wondering why JD Sports Fashion full-year results are being held back, it certainly isn’t performance-related. Strong sales have prompted JD to raise its profit guidance for the third time in five months.
The Princes Mead Shopping Centre in Farnborough, Hampshire, is up for sale at a discounted price tag of £17 million, according to Property Week. In 2011, Knight Frank Investors bought the centre for £26.3 million.
Harrods is expanding its beauty business into northern England for the first time. The luxury London-based department store has confirmed it’s to open its first H Beauty store in the area at the Gateshead Metrocentre.