Lidl boasts £10m sales growth after winning shoppers from M&S, Waitrose and Sainsbury’s February 7, 2023 The value retailer praised its fruit and veg range for the year on year increase – with its market share for vegetable shopping reaching a high of 10.2 per cent.
Halfords investors looking for progress after profit warning earlier in the year June 9, 2023 Investors in Halfords will be hoping the retailer has made progress in repairing holes in its workforce as it is set to unveil its full-year financial results. The bike and car parts seller warned over its profits earlier in the year amid a shortage of mechanics. The firm, which also services cars and bikes and [...]
Audemars Piguet helps fuel booming UK luxury watch market as sales surge August 6, 2024 The UK arm of luxury Swiss watchmaker Audemars Piguet has hailed its “robust financial health” after its sales jumped during 2023. The division, which is headquartered in London, has posted a revenue of £72m for the 12 months, up from £58.7m. Newly-filed documents with Companies House also show that its pre-tax profit increased from £3.4m [...]
Can online favourite Ocado make a comeback, or will its share price sink lower? March 28, 2023 Ocado’s share price fell nearly six per cent in afternoon trade as the “magic” of the online retailer’s venture with Marks and Spencer did little to buoy the confidence of investors In its start of year trading update Ocado revealed that retail revenue grew slightly by 3.4 per cent, although a 7.5 per cent decrease [...]
Supermarket wars: Lidl and Aldi gain ground on Tesco as bargain-hunting Brits battle grocery inflation March 28, 2023 Lidl is the UK’s fastest growing supermarket as bargain-hunting Brits turn to the discount grocer during the cost of living crisis. With grocery inflation now at 15 per cent, new figures published by Kantar this morning show value outlets have seen an uptick in sales last month. Sales in the German supermarket Aldi rose 25.8 [...]
Marks and Spencer upgraded by Moody’s on ‘prospects for further growth’ November 17, 2023 Earlier in November, Marks announced hefty profits during the half year, as the firm’s reshaping programme continued to show signs of paying off.
‘Winners and losers’ as digital commerce feels the post-pandemic pinch: Ingenuity boss September 22, 2023 Digital commerce leaders are facing a different "exam question" as a result of higher costs and a tougher economic environment, the boss of THG Ingenuity has said.
Wilko: ‘Genuine grounds for hope’ over future of troubled retailer as possible buyers circle August 18, 2023 There are “genuine grounds for hope” over the future of stricken retailer Wilko after interest from potential suitors, the GMB union has said. The retailer tumbled into administration last week, putting the future of its 400 shops and 12,500 workers at risk. Administrators from PwC swiftly sought offers from potentially interested firms which could save [...]
Boots chief steps down after owner shelves sale plans again June 30, 2024 The chief executive of Boots is stepping down after the high street pharmacy chain's US parent company once again shelved plans to sell the business.
Whether it’s Shein or Vinted, we’re addicted to buying clothes for pennies November 30, 2023 Business is booming for both Shein and secondhand retailers. The link? We're addicted to buying clothes for nothing, writes Anna Moloney.