Topps Tiles stays in black as soaring costs on supplies cools July 5, 2023 Topps Tiles was on track to deliver profit in line with expectations, as it was aided by strong sales in the third quarter and an easing of supply pressures. The home supplies retailer said inflationary pressures on the cost of goods and shipping costs reduced during the period, despite overall UK inflation still sitting at [...]
Johnson urges nation to ‘behave responsibly’ as lockdown eases April 12, 2021 Prime Minister Boris Johnson has urged the public to “behave responsibly” as England’s lockdown measures ease today. From today pub gardens, indoor gyms, hairdressers and non-essential retail are among businesses that can now reopen in England, most for the first time in 2021. The change marks the next major step in the easing of the [...]
Poundland owner Pepco snaps up 71 Wilko sites after its collapse September 12, 2023 Poundland owners, Pepco, will acquire 71 Wilko sites to be transformed into Poundland chains. Yesterday, it was confirmed that all Wilko stores would vanish after a deal with HMV owner Doug Putman fell through due to over concerns about the costs of the retailer’s infrastructure. Rival discounter store chain B&M also bought 51 Wilko stores [...]
Grocery sales: Ocado on top as supermarkets snag 58m more visits as UK exited lockdown May 25, 2021 As the UK’s vaccination programme pushes on, supermarkets have enjoyed 58m more shopping visits in the first quarter of this year than last year, according to industry data released today. Supermarkets actually had more visits in the 12 weeks to 16 May, than when panic buying gripped shoppers at the start of the pandemic, market [...]
Currys gets green light for £159m sale of Greek business amid takeover saga March 8, 2024 Electrical retailer Currys has finalised a deal to sell its entire Greek business arm to Greek power generation and supply giant Public Power Corporation (PPC) for £159m.
Flat packing in the USA: Ikea invests £1.7bn in stateside arm April 20, 2023 Ikea will invest €2bn (£1.7bn) into the US market, its biggest investment into a single market to date, as the home furnishings giant looks to capitalise on the current economic climate. The flat pack retailer said it plans to open eight new sites in the US alongside nine planning studios and order points, The Financial [...]
Burberry shares jump as fashion brand expects to beat profit and revenue forecasts March 12, 2021 Burberry’s share price jumped this morning after the British fashion brand announced revenue and profit are expected to beat previous forecasts. The luxury goods giant said there had been a strong rebound in trading since December and store retail sales in the fourth quarter of the financial year will be between 28 to 32 per [...]
UK PMIs: UK firms fare less badly than expected February 19, 2021 UK firms had a more positive February than anticipated so far, with firms eyeing growth prospects later in the year as the vaccine roll-out continues. The IHS Markit/CIPS purchasing managers index (PMI) jumped to 49.8 in February from 41.2 in January, a far swifter improvement than what was originally feared. The index indicated some stabilisation [...]
High Street retail race: Marks and Spencer predicted to overtake John Lewis by 2026 February 8, 2023 Marks & Spencer will overtake John Lewis in the rankings of the UK’s biggest retailers by 2026, according to a new sales forecast. Tesco will retain its position as the largest retailer, followed by Sainsbury’s, but Amazon is on track to move into the top three within the next few years, industry title Retail Week [...]
Profits cut at Monsoon and Accessorize owner as demand for children’s clothes falls May 9, 2024 A drop in demand for children's clothing saw profits fall at the owner of Monsoon and Accessorize.