Amazon getting ‘free ride’ from UK retailers, Currys boss claims December 5, 2022 Amazon is getting a “free ride” from UK retailers by using the country’s infrastructure while swerving taxes, the head of high street electronics retailer Currys said yesterday. Alex Baldock told the BBC’s Sunday with Laura Kuenssberg show Amazon “appear[s] to play by different rules than those of us who actually pay some tax”. The online [...]
Motoring services drive growth for Halfords despite ‘slower than expected’ recovery November 29, 2023 Halfords made a profit during the interim period but gross profits at its retail business were hit by high inflation
Next: Share price up for luxury interior brand Sanderson Design after £2.6m licensing deal February 22, 2023 The share price of luxury interior furnishings group Sanderson Design skyrocketed 12 per cent to 132.7pt this morning, after a £2.6M licensing agreement with London listed retailer Next was announced. The group will sell its Clarke & Clarke products, which includes wallpaper and rugs, in Next’s online and physical stores, with the deal meaning a [...]
Quiz takes a dressing down as fashion retailer sounds warning over cost of living April 17, 2023 High street retailer Quiz blamed high inflation and a knock in consumer confidence for a dip in like-for-like revenues during the first two months of the year. The clothing brand sounded a note of optimism, stating its trading remained consistent with that of pre-pandemic levels. The London-listed retailer’s group revenue rose 17 per cent to [...]
City A.M. TV: A Market Snapshot May 24, 2021 Are markets resilient or rolling? That’s a key question currently on investors’ minds. That’s especially so given the concerns about the recent high US core CPI inflation print as well as the troubling price action in Bitcoin. In this clip, we stand back from the market noise and look at what the price action is [...]
Greggs: Baker on a sausage roll as it plots further expansion across UK January 5, 2023 Greggs has said it is on track for 150 net new stores this year as its value-proposition protects it from a wider consumer down-turn. In a fourth quarter trading update, the sausage-roll seller said its sales stood at £1.5bn, as the firm bounced back after experiencing pandemic-related disruption last Christmas. Sales had surged 23 per [...]
B&M to close four more stores but warns it has ‘nothing to do’ with diminishing high street February 28, 2023 B&M is closing more stores across Britain in the coming weeks, however the discount retailer has warned that it is “nothing to do with the diminishing highstreet”. The retailer, which sells home goods and electronics, will close four stores in total across the UK – having previously announced the closure of two sites. According to [...]
Asos share price leaps after report of £1bn takeover bid June 5, 2023 Asos‘s share price jumped 11.8 per cent this morning after a report emerged yesterday that the struggling retail chain received a £1bn takeover bid from a Turkish retailer backed by Chinese e-commerce giant Alibaba. Trendyol, an up-and-coming fast fashion retailer, was understood to have approached Asos in late December, according to a report in The [...]
Nadhim Zahawi hired by billionaire Barclay family to chair The Very Group May 13, 2024 Former Chancellor Nadhim Zahawi has been appointed by the billionaire Barclay family to chair The very Group.
Revealed: Matalan lost over £100m as lenders took control March 6, 2024 Matalan lost more than £100m in the year it was taken over by its lenders, newly-filed accounts have revealed.