The Notebook: The stocks dominating retail investment this month July 10, 2024 Victoria Scholar takes the notebook pen to tell us the latest trends in retail investing, from AI to US banking.
Superdrug market share hits 10-year high as savvy shoppers boost sales January 15, 2024 High street chemist Superdrug now holds 40 per cent of the mass market share in cosmetics, as shoppers seeking out cheaper beauty alternatives help propel sales.
Mike Ashley’s Frasers in talks to offload Missguided to Chinese fast fashion giant Shein September 18, 2023 Mike Ashley’s Frasers Group is reportedly in talks to offload its online clothing brand Missguided to Chinese fast fashion giant Shein. Frasers, which owns the high street favourites such as Sports Direct and Jack Wills, bought Missguided for £20m last year after it collapsed into administration. As part of the rescue deal, the Manchester business kept [...]
Rain, rain, go away: B&Q sales hit by UK’s miserable spring weather May 24, 2023 B&Q owner Kingfisher saw its sales dip in the first quarter to £3.3bn, down 3.3 per cent on a like-for-like basis, as the home improvement company saw performance dampened by grim April weather in the UK and France, and ongoing inflation. Despite this, the retail giant said the results showed “resilience” to the economic climate, [...]
Revealed: Amazon to open 260 supermarkets across UK as it plots to take on Tesco and Sainsbury’s directly November 17, 2021 Amazon has developed detailed plans to storm the UK supermarket sector as the e-commerce is planning to open hundreds of cashierless grocery stores across the country in the next three years. More than 260 Amazon-owned and run supermarkets are to be launched before the end of 2024, namely 60 in 2022, another 100 per year [...]
Matalan: Rainy weather and shift back to stores leads to revenue slump July 24, 2023 Matalan reported a challenging first quarter as poor summer weather impacted sales against the backdrop of cost of living pressures and a shift away from digital. The bargain homeware and clothing retailer said revenues in the thirteen weeks to 27th of May declined eight per cent to £263m. However, in the five weeks to the [...]
Halfords share price soars as retailer’s motoring offering woos cash-strapped Brits April 18, 2023 Halfords‘ share price soared over eight per cent this morning as the motoring and cycling giant revealed its sales could top £1.9bn. The Birmingham headquartered retailer, which has seen its shares slide 30 per cent in the last year, said it expected pre-tax profits to come in at around £90m to £110m, up from £50m [...]
Majestic Wine toasts best-ever Christmas as consumers quaff fine wine January 9, 2024 Majestic Wines toasted its best ever Christmas in its 43-year history as more than 60,000 customers shopped with the store for the first time.
M&S shares: Retailer set to take Christmas crown after bumper festive season January 8, 2024 M&S will update investors on Christmas trading on Thursday as the high street darling is expected to once again dazzle markets with a stellar performance.
BNP Paribas first-quarter revenue beats expectations as trading outperforms May 3, 2023 BNP Paribas’s first-quarter sales beat market expectations as trading business at the eurozone’s biggest bank outperformed most of its peers, while it started to reap the benefits from rising interest rates. BNP’s quarterly profit more than doubled in the first quarter from a year earlier, bolstered by gains from its much-anticipated sale of its U.S. [...]