Dunelm warns of ‘significant headwinds’ but maintains profit guidance April 14, 2022 Dunelm’s boss warned of increasing financial pressures on shoppers but said the company’s variety of products would help it continue to grow. In an update on the London Stock Exchange, the homeware retailer said it hit £399m in total sales in its third quarter. This was up 69 per cent on the year prior, when [...]
Retailer AO to create 650 new jobs due to ‘sustained’ surge in online shopping August 21, 2020 Online electricals store AO will create 650 new UK jobs as it ramps up growth plans following a sustained surge in demand due to the coronavirus pandemic. The firm said it is preparing for “significant growth” after it saw an influx of customers shopping online during the Covid-19 crisis. The new roles will bolster AO’s [...]
Winter of discontent: Platform staff join rail workers with more strikes in December November 30, 2022 Station platform workers have piled on more pressure to the British public before Christmas announcing a series of strike days in mid-December. Members of the TSSA union will join railway colleagues on the picket line as part of a long-standing dispute over salaries and jobs. Avanti West Coast workers will walk out on 13, 14, [...]
Exclusive: Ultimate Products’ airfryer maker brand receives €1m order from German retailer March 1, 2022 Homeware giant Ultimate Product has said its newly snapped-up kitchen electrical brand has inked a €1m order from a leading German hypermarket retailer. Ultimate Products, which owns legacy homeware brands including Salter and Beldray, told CityA.M. exclusively its German brand Petra had received its first substantial order from an unnamed retailer. The order is for [...]
Rishi Sunak urged to ‘turn wise words into action’ by FSB chair after small retailers feel ‘abandoned’ March 11, 2022 The chair of the Federation of Small Businesses (FSB) has urged chancellor Rishi Sunak to “turn wise words into action”, after the vast majority of micro firms said they felt “abandoned” by his policies. As the cost of living crisis continues to bite for retailers and consumers alike, 2,000 independent retailers were surveyed through Not [...]
Missguided workers eye legal action after “emotionless” redundancies May 31, 2022 Missguided workers are eyeing legal action against the fast fashion brand as it hashes out a sale. After calling in administrators yesterday, the beleaguered online retailer is facing criticism from suppliers and former employees. Law firm Aticus has said it is readying legal action after employees have claimed the redundancy process was not properly managed. [...]
Richard Branson: Virgin founder’s net worth gets a boost from Virgin Atlantic’s growth May 19, 2024 Richard Branson has seen his net worth hold steady as growth has returned to his Virgin Group.
ABF and Primark sales to surpass pre-Covid levels as consumers eye luggage and swimwear February 28, 2022 Associated British Foods (ABF), which also owns budget retail chain Primark, has said it is on track to surpass pre-Covid levels of sales and operating profit. The food manufacturer has been battling against inflation, alongside the rising costs of energy, but anticipates grocery revenue to inch two per cent higher than 2021. While Primark sales [...]
UK small business recovery stalls as firms adapt to Covid September 18, 2020 The recovery among UK small businesses slowed in August as demand for services dropped, according to a new survey, in a worrying sign that the economic rebound is running out of steam. Natwest, who produced the survey, said there was a “widening gap” between big businesses and smaller firms, the latter of which employ the [...]
1 in 5 nightclubs disappeared since Covid onset as industry head warns of slowing ticket sales August 2, 2022 One in five nightclubs have disappeared over the past three years, with bosses crying out for support as ticket sales slow amid the economic crunch. Nightclub numbers have dwindled to just 1,130 venues across the country during the Covid-19 pandemic, according to figures released by the Night Time Industries Association (NTIA) through insights firm CGA. [...]