Lounge hikes dividend as international expansion drives sales at underwear brand May 1, 2024 Underwear brand Lounge hiked its dividend to more than £10m as its focus on international expansion helped drive up sales.
Klarna offloads London entrepreneur’s shopping tech after just three years April 30, 2024 Fintech firm Klarna has sold assets in virtual shopping business Hero to Swedish video commerce platform Bambuser for around £1.1m just three years after buying the entire company for a reported £137m.
Pillow fight: Sofa-seller DFS reviews pay policy after bloody nose from shareholders April 9, 2024 Sofa-seller DFS is reviewing the pay policy of its top executives after shareholders mounted a revolt at its annual general meeting.
Watches of Switzerland backs full-year guidance as luxury demand still buoyant December 14, 2022 Watches of Switzerland has said it is sticking to its full-year guidance for 2023 as there continues to be strong demand for luxury watches. In half-year results, the London-listed retailer said revenue from luxury watches made up 87 per cent of group revenue, with sales growth of 31 per cent versus the previous year. Group [...]
We are not rip-off retailers, says Sainsbury’s July 6, 2023 Bosses at Sainsbury’s have said they are “not rip-off retailer” or “profiteers” as they defended the profit made by the retailer amid scrutiny related to food inflation over the past year. The company also defended increased pay packages for its senior executives at its annual general meeting in London, despite the continued cost-of-living crisis. It [...]
Britons are worst investors in Europe and have £1.8trn sitting idle in savings July 5, 2023 Britons’ are the worst investors in Europe and have around £1.8trn sitting idle in savings accounts, around the entire value of the FTSE 100, a new report released today has found.
Abercrombie & Fitch silent on diversity pledge as new London store opens August 9, 2024 Abercrombie & Fitch committed to diversity pledges following years of criticism, but bosses failed to comment on the diversity of store colleagues at the new London store when The Capitalist approached them The noughties are back, baby: and that means Von Dutch caps and Abercrombie & Fitch. All of a sudden ‘Brat Summer’ sounds appealing. [...]
Politicians have misread the room over Shein June 12, 2024 Growth-hungry MPs are welcoming Shein’s big bucks plans to list on the London Stock Exchange, but there’s growing unease among the people who really matter – investors, says Simon Neville Whenever the City and Westminster clash, it is usually because the former wants the latter to be more lenient. The cries of “you’re stifling competition!” [...]
Stansted boss: Scrap the ‘tourist tax’ to keep London competitive October 18, 2023 The boss of London Stansted Airport has called on the government to scrap the so-called tourist tax in order to keep London competitive.
Retailers bet on coronation boost after extra May bank holiday announced November 6, 2022 Retailers are hoping for a royally big boost next year after the government announces an extra bank holiday for King Charles III’s coronation. In an announcement today, Prime Minister Rishi Sunak confirmed the UK-wide holiday would fall on Monday 8 May, following the Coronation on Saturday 6 May. “The Coronation of a new monarch is [...]