In from the cold: H&M posts rising sales despite retailer putting its spring collection on hold March 30, 2023 H&M sales soared in the first quarter of the year, despite the roll out of its spring collection having been delayed in many markets due to a spell of cold weather. The Swedish fashion brand, which has 194 stores across the UK, said that sales increased 12 per cent to SEK 54,872m (£4.82bn) during the three [...]
Knightsbridge and Chelsea hail bumper Christmas thanks to swanky shoppers splashing cash January 26, 2024 Swanky shops and restaurants around Knightsbridge and Chelsea enjoyed a bumper Christmas, helped by affluent customers splashed the cash on London’s Kings Road.
Sales rise fails to stop Build-a-Bear Workshop entering the red March 14, 2024 The UK arm of Build-a-Bear Workshop fell to a loss despite increasing its sales in its stores by 35 per cent, newly-filed accounts have revealed.
Matalan eyes up sale as British retailers continue to feel sting September 4, 2022 Matalan's founders are eyeing up a sale, as the fashion firm struggles to fight off inflationary pressure.
UK retail sales bounce back as shops reopen from lockdown July 28, 2020 UK retail sales bounced back in July after “non-essential” shops were reopened, according to a closely watched gauge that hit its highest level since April last year. The CBI’s measure of retail sales volumes rebounded to a score of four in July from minus 37 in June. It indicated that sales grew slightly compared to [...]
HSBC agrees new terms for delayed sale of French retail business as exit from global markets picks up pace June 15, 2023 HSBC has agreed new terms for the sale of its French retail division to Cerberus-backed My Money Group, paving the way for the delayed sale to be completed early next year. Under the new terms of the deal, Cerberus will invest €225m (£192.5m) into the business while HSBC will retain a €7.0bn portfolio of loans [...]
US retail sales post record resurgence in May June 16, 2020 US retail sales recorded a record jump in May, rising far above expectations as Americans began to return to work and resume spending after weeks of lockdown. US retail sales rose 17.7 per cent in May, data from the US Commerce Department showed, reinforcing views that the worst of the economic slump triggered by the [...]
Omega: Kitchen maker says slip into the red was ‘outside its control’ July 11, 2024 British kitchen maker Omega has slipped into the red following a year marred by challenges "outside the company's control", according to newly-filed documents.
Cazoo no you can’t: Motor retailer halves ambitions despite third quarter sales fillip January 18, 2023 Cazoo has halved its sales ambitions for the year, saying it was now looking to sell between 40,000 and 50,000 cars, rather than the predicted 80,000 to 100,000. The online car retailer told analysts and investors it was shrinking its ambitions to a “more modest” top line, as it sought to return to profitability without [...]
Economy: Why the latest data makes a ‘technical’ recession seem (almost) inevitable – with pub spending the only white knight January 19, 2024 The UK appears set to enter recession - and even if the term is in some ways meaningless, it's still very bad news indeed