Easing of lockdown restrictions expected to slow growth at online retailer Ocado July 2, 2021 The easing of lockdown restrictions is expected to have slowed down soaring retail sales growth at Ocado as the online retailer unveils it latest trading performance next week. It was among UK grocery firms to see sales spark amid strong demand for home deliveries after the Government enforced lockdown restrictions and forced hospitality operators to [...]
FTSE: Ultra and Future soar but it’s not enough to lift London’s main index August 16, 2021 The FTSE 100 started off the week with a fall, as a rout on energy and mining shares could not be undone by a surge in the shares of Ultra Electronics and publishing house Future. The blue-chip FTSE 100 dropped 0.8 per cent, dragged down by miners Glencore, Anglo American and Rio Tinto and oil majors BP and Royal Dutch [...]
Next gains on soaring FTSE as Lord Wolfson says it’s been a ‘long time’ since such a positive outlook March 21, 2024 Next topped the FTSE 100 on Thursday, as it once again beat market expectations and trumped rivals amid a challenging period for UK retailers.
Angling Direct: ‘Robust’ performance spurs hope of reeling in £100m revenue target August 21, 2024 Angling Direct has reported a “robust” first half of the year and said it was confident of achieving a 25 per cent increase in UK revenue to £100m in the medium term. The Norwich-based specialist fishing tackle and equipment retailer reported UK growth of 5.9 per cent in the six months ended 31 July 2024. [...]
E-commerce bonanza: Brits to spend record £120bn online this year alone September 6, 2021 Following a surge in online sales in 2020 thanks to Covid-19 and three strict lockdowns, UK shoppers are expected to further increase their spending as new data forecasts £120.5bn in online purchases this year alone. Online sales in the UK saw an increase of 46.5 per cent in 2020, with British consumers spending £110.6bn online [...]
Luxury retailer Julian Charles forced into the red by rising costs January 24, 2024 Rising costs forced luxury bedding and homewares retailer Julian Charles into the red during its latest financial year.
Frasers Group: I Saw It First faces court battle with Turkish supplier after £1 deal December 18, 2023 I Saw It First, the British fast-fashion company backed by Mike Ashley’s Frasers Group, is being dragged to court over a legal battle with a Turkish textile firm. Fabulous Textiles has instructed small UK law firm Blackstone Solicitors to file a claim against the online retailer which shot to stardom thanks to collaborations with Love [...]
Cazoo formally enters administration as parent company prepares for liquidation May 21, 2024 Online car retailer Cazoo has formally collapsed into administration while its parent company is heading for liquidation.
Segro sells £275m warehouse portfolio as it eyes ‘new investment opportunities’ July 19, 2024 The London-listed warehouse giant Segro has sold a group of retail spaces worth more than €327m (£275m) as it eyes “new investment opportunities”. The sale includes four warehouses, two located in Milan and two in Rome, which Segro said it had developed for “some of our largest clients” to support their expansion plans. The warehouses [...]
Coronavirus: Half of major UK retailers ‘could run out of cash’ as sales dive April 9, 2020 More than half of the UK’s major non-food retailers will run out of cash if the government’s coronavirus lockdown continues into the summer, as research found that sales have plunged 70 per cent. A new report by restructuring firm Alvarez & Marsal (A&M) and Retail Economics found that the UK’s biggest retailers will deplete their [...]