Asos shares jump as profit forecast raised due to online shopping boom August 12, 2020 Shares in fast fashion retailer Asos jumped this morning after it announced that full-year sales and profit are expected to beat forecasts due to an online shopping boom during the UK coronavirus lockdown. Asos said revenue growth is expected to be between 17 per cent and 19 per cent, with profit before tax of around [...]
Consumer confidence teeters on brink of record low during coronavirus lockdown April 24, 2020 Consumer confidence plummeted at the beginning of April but held steady for the rest of the month as the UK adjusted to life under lockdown. The latest research showed that consumer confidence stayed at minus 34 points throughout the month, just five points above the record low reported in July 2008. The measure for the [...]
Ten Entertainment swings to loss as pandemic gutters sales September 23, 2020 Bowling alley chain Ten Entertainment swung to a loss in the first half of 2020 after a nationwide lockdown during the coronavirus crisis slashed revenue in half. The results Revenue slumped 46 per cent to £22.5m in the six months to 28 June, down from £41.4m in the same period last year. The group booked [...]
Mulberry swings to full year loss as coronavirus shuts down high street October 5, 2020 Fashion house Mulberry fell to a £14.2m loss in the last financial year, the firm announced today, as the coronavirus pandemic derailed the firm in its final month of trading. The firm said that it had been on course to report a profit for the second half of the year before the virus shut down [...]
Payments fintech Storfund lures in Amazon executive to ramp up product development February 16, 2022 UK payments fintech Storfund has lured in an Amazon payments executive as it looks to accelerate its product development and ramp up growth into new markets this year.
Now hiring: Aldi launches recruitment drive for 1,000 new logistics roles July 21, 2022 Aldi is the latest firm to take part in a logistics recruitment boom, creating some 1,000 roles across the country over the next year. The discount supermarket wants to expand its distribution, transport and maintenance teams at its 11 regional distribution centres across the country. It comes as retailers are facing a race for distribution [...]
Bumper Black Friday and cyber Monday sales are a relic of old consumer habits November 27, 2021 For small businesses, the weekend of bumper sales from Black Friday through to Cyber Monday is not just a race they cannot keep up with, it is a race right to the bottom. No wonder most independents are not taking part. The now classic Black Friday sale is big on discounts and small on nuance. [...]
B&M shares soar after profit outlook upped September 8, 2021 Discount retailer B&M Bargains said it expects profits to be higher than anticipated after strong sales of seasonal goods. In a trading update on Wednesday morning, the group said gross margins had been stronger than originally predicted for the half year ending September 25 2021. The retailer now expects adjusted EBITDA to be in the [...]
Hiring spree: Jaguar Land Rover recruits 81 per cent of tech jobs in UK January 16, 2023 Jaguar Land Rover has gone on a hiring spree in the UK, recruiting 81 per cent of its global positions in Britain. The luxury marque announced today that 280 out of the 300 vacancies currently available are in the UK. This is in addition to the 371 jobs which have already been filled in Britain. [...]
Chinese industrial production picks up but consumers remain cautious June 15, 2020 Chinese industrial production rose for a second straight month in May as factories began to recover from the coronavirus hit, but the weaker-than-expected gain suggested that the country’s recovery remained fragile. Data released by China’s National Bureau of Statistics also showed sustained contraction in retail sales and investment, showing the continued pressure Covid-19 is placing [...]