Kit hits the fan: Retailers running out of England Women’s shirts ahead of Euros final July 28, 2022 Retailers are running out of England Women’s football shirts ahead of the Lionesses’ Euro final against Germany on Sunday. The official England online store, kit maker Nike’s website and a host of high street retailers had sold out of all but extra-small women’s home shirts, which are priced at £75, on Thursday. “We have seen [...]
SocGen shares tumble after new strategy sees little growth September 18, 2023 Societe Generale's shares plunged more than 9 per cent on Monday after France's third-biggest listed bank said it expected little if any growth in annual sales over the coming years in a keenly-awaited strategic plan from its new CEO.
On the Beach promotes marketing chief to executive director October 17, 2022 On the Beach has promoted chief marketing officer Zoe Harris to executive director with immediate effect. Harris joined the beach holiday retailer in early 2021, after holding top positions at the likes of GoCo Group, which provides online comparison and information services, and newspaper powerhouse Reach. She was credited for introducing the provision of free [...]
Made.com to cut staff as it mulls sale of the business September 23, 2022 Beleaguered retailer Made.com said it will conduct a strategic review of its future options, including job cuts and possible sale of the business. The online furniture and homewares firm came to market in January last year at a price of 200p per share, valuing the group at £775m. The shares have steadily slumped ever since [...]
Coronation: £1m windfall for ceramics giant Halcyon Days as Brits buy King Charles plates and tea cups May 3, 2023 The chief executive of one of the UK’s biggest makers of luxury ceramics has said that Brits should not “underestimate” the value of the Royal Family, as it prepares to rack in a million pounds in sales from Coronation themed tea cups and plates. Pamela Harper, head of the Halcyon Days, a pre-eminent supplier of [...]
Morrisons inks £220m sale of warehouses as it aims to become ‘more popular’ December 9, 2022 Morrisons has inked a £220m sale and leaseback transaction of seven logistics properties, as it aims to become “more popular and more accessible.” The supermarket – which is owned by New-York private equity titan Clayton Dubilier & Rice – announced the completion of the deal with asset manager ICG on Friday. Morrisons has undertaken to [...]
B&Q owner Kingfisher profit nosedives 30 per cent amid economic gloom September 20, 2022 B&Q owner Kingfisher posted slumped profit in half-year results, with bosses citing an “exceptionally strong” comparable period last year. Operating profit was down 29.1 per cent, the DIY retailer highlighted, in results for the six months ended 31 July. Depleted sales came against a “backdrop of exceptionally strong” trading in the first-half of 2021, Thierry [...]
Dubai ends 30 per cent tax on alcohol sales January 1, 2023 Dubai has ended its 30 per cent tax on alcohol sales in the sheikhdom and made its required liquor licences free to obtain, ending a long-standing source of revenue for its ruling family to apparently further boost its tourism to the emirate. The sudden New Year’s Day announcement, made by Dubai’s two state-linked alcohol retailers, [...]
Frasers Group acquires fast fashion website I Saw It First after rescuing Missguided July 28, 2022 Mike Ashley’s retail emporium Frasers has inked a deal to acquire fast fashion firm I Saw It First. In an announcement on the London Stock Exchange on Thursday morning, the Sports Direct owner confirmed The Telegraph’s reports that it was to poach the website. I Saw It First was created by Jalal Kamani in 2017, [...]
Volkswagen: China sales remain on par with 2021 as Covid and shortages continue November 22, 2022 Volkswagen forecasts China sales in 2022 to be on par with last year’s levels as the impact of the pandemic and of semiconductor shortages lingers on. The automotive manufacturer told German business newspaper Handelsblatt it was expecting to deliver 3.3 million vehicles – 14.3 per cent down from previous expectations. “This corresponds to a market [...]