Jump to Main ContentJump to Primary Navigation

Topshop boss Sir Philip Green planning mass store closures

    Sir Philip Green has announced that up to 260 stores in his Arcadia retail empire will close in the next few years after a dramatic fall in profits.

    The billionaire entrepreneur, whose group owns chains including Topshop, BhS and Dorothy Perkins, has revealed that the company saw a 38 per cent fall in annual profits.

    According to the BBC, sales at Arcadia stores in Britain and around the world have fallen by 4.4 per cent since the financial year began.

    Sir Philip, who last year was appointed as an adviser for the government spending review, said the stores that would close would most likely do so when the leases expired anyway.

    He blamed unseasonably warm weather over September and October for disappointing autumn and winter sales, as well as the tough economic climate.

    "There may be other opportunities that turn up that we might want to open," he said.

    The 59-year-old, who built up his empire from scratch after leaving school at 15, is believed to control around 12 per cent of the UK's retail market.

Uk News

Strictly Orthodox Ukip candidate 'should not run for office'

Marcus Dysch

Tuesday, February 28, 2017

Strictly Orthodox Ukip candidate 'should not run for office'
Special Reports

Dublin benefits from overseas aid

Barry Toberman

Sunday, January 8, 2017

Dublin benefits from overseas aid
Uk News

Luciana Berger troll driven by 'fierce antisemitism'

JC Reporter

Monday, December 5, 2016

Luciana Berger troll driven by 'fierce antisemitism'
Uk News

Government drops pledge to aid 3,000 child refugees

Rosa Doherty

Wednesday, February 8, 2017

Government drops pledge to aid 3,000 child refugees
Uk News

Limmud: Food for thought at session on 'ethical eating'

By Simon Rocker

Tuesday, December 27, 2016

Limmud: Food for thought at session on 'ethical eating'
Uk News

Local MP blocks visit from David Irving's 'secret tour'

Rosa Doherty

Friday, December 2, 2016

Local MP blocks visit from David Irving's 'secret tour'
Uk News

Anti-Israel conference faces delay

Lee Harpin

Thursday, January 19, 2017

Anti-Israel conference faces delay
Uk News

Commission criticised over inquiry into 'antisemitic' charity

Daniel Sugarman

Monday, December 5, 2016

Commission criticised over inquiry into 'antisemitic' charity
Uk News

Fawlty Towers star Andrew Sachs dies aged 86

JC Reporter

Friday, December 2, 2016

Fawlty Towers star Andrew Sachs dies aged 86