The Body Shop under fire for missing millions and ‘profitable’ closures March 3, 2024 Dozens of The Body Shop stores shut despite them being profitable. Now questions have been raised about the circumstances behind the closures.
Mulberry feels the chill of recession as boss calls for VAT-free shopping to boost tourist sales November 30, 2022 High-end accessories retailer Mulberry is beginning to feel the effects of the cost of living crisis and recession in the UK, with sales and revenue slipping over the past six months. Sales at its London stores on Bond St and Regent St have been hit hard by affluent tourists from the US and the Arab [...]
Nike to score sales increase on digital fitness demand in lockdown December 18, 2020 Sportswear giant, Nike are expected to report a 2.2 per cent increase in second-quarter sales profiting from the change in consumer habits during the pandemic.
Egg-istential crisis: Shops ration staple as inflation, supply woes drive up price November 11, 2022 Supermarkets are rationing sales of eggs as problems with supply chains are leaving soaring prices and empty shelves. The staple food is experiencing a rise in price due to inflation and a shortage, owing in part to recent orders to house all poultry in doors due to a huge surge in avian flue. Steven Dresser, [...]
Missguided sale marks a pivot in Frasers’ strategy – but a Shein deal has risks attached September 18, 2023 News that Frasers could sell Missguided to Shein potentially marks a change in strategy for the Sports Direct owner, which has been highly acquisitive in recent years.
B&Q owner says DIY sales driven by household energy concerns as profit forecast trimmed November 24, 2022 Kingfisher has seen customers forking out to improve their household energy efficiency, as the B&Q owner shaved its full-year profit outlook. In a trading update for the third quarter, the retail titan posted sales of £3.3bn, a 0.2 per cent boost on the previous year. The Screwfix owner previously reaped the rewards of a pandemic [...]
Boohoo pressures suppliers to drive down prices, says BBC probe November 6, 2023 Boohoo introduced a five per cent price cut for every week an order was late, a BBC report alleges
Norcros shares rise as bathroom supplier shows signs of resilience amid DIY slump June 13, 2024 Shares in Norcros are up this morning after the bathroom and kitchen supplier showed signs of resilient trade amid a slowdown in the home improvement market.
FTSE 100 close: London climbs as miners rise on China stimulus and Lloyds jumps into green October 25, 2023 London's FTSE indexes slipped slightly in opening trade as investors mulled results from two of the largest companies in the world last night.
Card Factory suffers loss as closures rip through festive sales January 14, 2021 Closed stores over the Christmas period meant Card Factory suffered significant losses, sending its shares down 4.1 per cent this morning. Card Factory experienced a year-on-year decline of over 38 per cent, where forced store closures prohibited openings for 37 per cent of available trading days. Sales over the eleven-month period fell from almost £425m [...]