Silver-haired specialist Saga scope out sale of stake in cruise business January 26, 2024 Over 50s specialist Saga is mulling the sale of its cruise and operation to “optimise” the division as it struggles under a hefty pile of debt.
John Lewis points to job cuts as it lowers redundancy pay for staff January 26, 2024 John Lewis Partnership could be on track to make further job cuts after it slashed redundancy payout for its staff. Workers were reportedly told this week the redundancy pay would be lowered to one week’s pay per year on service, as its current two week policy was higher than what is typically offered. In a [...]
WH Smith continues to ride planes and trains to growth with captive audience strategy January 26, 2024 WH Smith said it was “confident” of another year of significant growth, as it continues to benefit from a resilient demand for travel.
Wickes bosses shrug off falling ‘don’t do it yourself’ sales January 26, 2024 Bosses at Wickes hailed a “robust” year for home improvement retailer Wickes despite slippage in its ‘do it for me’ offering through the last six months of the year. Total like-for-like core sales for the DIY and garden centre firm were up 0.1 per cent, with an uptick of 1.2 per cent in the fourth [...]
Superdry: Losses widen, CFO quits and boss admits a ‘difficult’ period January 26, 2024 Embattled retailer Superdry posted further losses in its half year update, blaming a challenging retail market and underperformance of its wholesale segment.
UK consumer confidence hits highest level in two years January 26, 2024 UK consumer confidence rose in January and had its highest reading in over two years, as a surprise rise in inflation appeared to not rattle the public.
Studio Retail back in the black after recovering from £75m losses before Frasers Group rescue January 25, 2024 Studio Retail surged back into the black after recovering from losses of over £75m as it collapsed into administration, new documents have revealed.
Dr Martens given a kicking but maintains downgraded guidance January 25, 2024 Dr Martens has held its full year guidance after third quarter revenues were kicked down by a fifth, blaming weak demand for its leather boots in the US.
Fuller’s: Pub chain in ‘great shape’ after strong 2023 topped off by bumper Christmas January 25, 2024 Fuller's, which operates almost 400 pubs and inns, said in the 42 weeks leading up to 20 January, its sales growth was at 11.5 per cent, driven by the festive period.
No cloudy business: Aldi did not infringe Thatchers’ trademark over lemon cider January 24, 2024 Aldi did not infringe on Thatchers’ trademark with its cider lemon drink, a judge ruled today, bringing a sigh of relief to the low-cost supermarket’s busy legal team. The English cider brand launched legal action against Aldi back in September 2022 over its cloudy lemon cider. Thatchers called on South West law firm Stephens Scown [...]