Analysis: Wilko collapse is the Woolworths of this financial crisis August 10, 2023 The collapse of Woolworths was described as “the first domino of physical retail Armageddon.” Although it might not justify that epithet, the collapse of Wilko shows which way the wind is now blowing.
Shares in Superdry crash 50 per cent as Dunkerton abandons offer April 2, 2024 Shares in Superdry have sunk to an all time low after founder Julian Dunkerton said he no longer plans on making an offer for the business.
Potential buyers eye up Currys Greece and Cyprus arm October 10, 2023 The British retailer put the business up for review in June just two years after it took on the business after its takeover of Dixons.
Watches of Switzerland bolsters luxury portfolio with £104m Roberto Coin deal May 9, 2024 Luxury watch retailer Watches of Switzerland has bought the Italian jewellery brand Roberto Coin for $130m (£104m).
Pound retreats after hitting three-year high amid variant concerns June 1, 2021 The pound retreated this morning after reaching a fresh three-year high versus the dollar amid economic recovery hopes. Well into the London session after the bank holiday weekend, sterling reversed its course to fall 0.2 per cent to $1.4183. The pound edged lower as concerns over a new coronavirus strain outweighed increasing investor optimism on [...]
Superdry sells South Asian IP to Indian retail giant for £40m October 4, 2023 Struggling fashion retailer Superdry has signed a joint venture with Reliance Brands Holding UK Ltd (RBUK) for the sale of its intellectual property in South Asia, in its latest bid to boost funds. As part of the £40m deal, RBUK and Superdry will own 76 per cent and 24 per cent of the joint venture [...]
UK retail sales grow as consumers shrug off Brexit worries March 21, 2019 British retail sales showed strong growth last month compared to a year before, in a sign that consumers remain unaffected by the Brexit impasse. The quantity of goods UK shoppers bought increased by 0.4 per cent in February compared to January, with strong growth in non-store retailing and fuel, figures released today by the Office [...]
THG offloads loss-making divisions in bid to streamline as share price slumps July 21, 2023 THG has offloaded its OnDemand business to the division’s management team as the online retailer steams ahead with plans to streamline its operations. The brand which included entertainment retailer Zavi and gadget and toy retailer I Want One of Those – was bought by the groups management team and has also received extra funding from [...]
Currys: £60m wiped off market cap as share price tanks 12 per cent after retailer pulls dividend July 6, 2023 Around £60m has been wiped off Currys’ market cap this morning as its share price tanked over 12 per cent, following the retailer pulling its dividend in wake of poor results. Currys revealed that it would not be paying its final dividend to shareholders following poor performance, as its Nordic arm weighed down revenue. The retailer [...]
Companies boosted by Covid rank among the worst market performers July 19, 2021 Companies boosted by the onset of the Covid crisis rank among the worst performers on the market over the last year. Takeaway delivery company Just Eat Takeaway.com has benefitted from a surge in orders since the arrival of the virus as a result of Brits rushing to find substitutes to dining out during lockdowns. However, [...]