In The Style: Shares slump to new lows as retailer forced to sell business to avoid collapse March 7, 2023 In The Style has seen its share price slump 5.3 per cent this morning, after the embattled fast fashion brand revealed that it was forced to sell its business to avoid administration. The fast fashion retailer, which was once valued at £105m when it floated on the London Stock Exchange, said it has received a [...]
River Island looks to break America with ‘long term’ plan September 25, 2022 River Island is readying to make its first physical footprint across the pond, after online sales have surged in the US. US sales are now several times bigger than pre-pandemic levels, according to the fashion firm’s chief executive Will Kernan. After the brand has seen surging popularity in locations such as California, New York, Texas [...]
Yule be happy: Christmas trading powers Primark owner’s rising revenues January 24, 2023 Food processing giant and Primark owner Associated British Foods has posted a bullish trading update, unveiling an upturn in revenues.
Week ahead: Kingfisher, Pennon, Fevertree and Ocado March 24, 2024 In a quiet week for economic announcements, London markets are expecting updates from Kingfisher, Pennon Group, Fevertree, Ocado and Carnival.
FTSE 100 close: Wage growth fuels rate fears as M&S soars and B&M drops on Wilko speculation August 15, 2023 London’s FTSE 100 ended Tuesday down more than 1.6 per cent, as record-breaking wage growth fueled speculation of a 15th straight Bank of England rate hike. The capital’s blue-chip index was down 1.63 per cent by close of play to to 7,384.94, weighed down by listed investment firm Abrdn, down three per cent, alongside Pheonix [...]
Oasis ticket-selling websites hit with outage issues August 31, 2024 Oasis fans face a struggle to secure general sale tickets for the band’s comeback tour as booking websites experienced outages.
Exclusive: The pandemic sped up the pace of change in retail, says Manhattan’s CEO October 11, 2022 Ever since Covid became a household name and the pandemic creeped into businesses’ operations, global supply chains have been under more pressure than ever. It is one of the reasons urgent supply chain commerce transformation has been at the top of the agenda of retail giants, industry leaders, product experts and agents of change. One [...]
WH Smith high street sales lower than pre-Covid levels after Funky Pigeon hack September 7, 2022 WH Smith has said its high street arm has been impacted by a cyber security issue with its greetings cards business, denting sales. The stationery seller said its high street business was performing in line with expectations. Sales stood at 80 per cent of 2019 revenue for the 26 weeks to 27 August 2022, following [...]
Hundreds of jobs at risk as Ted Baker owner calls in administrators March 19, 2024 Hundreds of high street jobs could be placed at risk after the owners of Ted Baker filed a notice to appoint administrators.
Deliveroo ends 2023 on a high, expects positive cash flow in 2024 March 14, 2024 Strong demand for takeaways and lower costs helped Deliveroo record positive earnings before interest, taxes, depreciation, and amortisation (EBITDA) last year.