US licensing partner joins race to buy up remaining assets of embattled Ted Baker April 10, 2024 Ted Baker’s American licensing partner is reportedly the lead contender to take control of the businesses embattled British arm.
Ryman: Losses widen at retailer owned by former Dragons’ Den star Theo Paphitis April 10, 2024 Losses widened at Ryman, the stationery retailer owned by former Dragons' Den star Theo Paphitis, despite an increase in sales.
Tesco’s profit surges as lower prices draw in consumers April 10, 2024 Britain’s biggest supermarket, Tesco, has traded in line with raised expectations, posting a total operating profit of £2.8bn for the full year. This morning, chief Ken Murphy thanked a slew of price cut schemes for the lift, which saw profit exceed the board’s expectations by £50m last year. Group sales were up 7.4 per cent [...]
Asos under pressure as Gen Z shoppers switch to Shein April 9, 2024 Clive Black, analyst at Shore Capital, told City A.M. Asos has come off the back of three “really hard years” and is facing increased competition from Far East rivals Shein and Temu.
Mike Ashley’s Sports Direct locks horns with Premier League club Newcastle United over replica kits April 9, 2024 The club has refused to supply Sports Direct - and its former owner Mike Ashley - with its upcoming replica kit, as it now has an exclusive retail arrangement with JD Sport.
Pillow fight: Sofa-seller DFS reviews pay policy after bloody nose from shareholders April 9, 2024 Sofa-seller DFS is reviewing the pay policy of its top executives after shareholders mounted a revolt at its annual general meeting.
Next and Mike Ashley’s Frasers Group mull Ted Baker rescue deal April 9, 2024 Mike Ashley’s Frasers Group and Next have reportedly expressed interest in buying Ted Baker.
Home Bargains sheds over 2,000 jobs as billionaire owners take home £36m April 9, 2024 Home Bargains shed more than 2,000 jobs as the billionaire family behind the budget chain paid themselves £36m in dividends, it has been revealed.
The Very Group hires former Fenwick boss as new chief April 9, 2024 The Very Group has appointed the former boss of department store chain Fenwick as its new chief executive.
Barclays: Tiktok and Instagram ‘no spend challenge’ helps push non-essential spending to two-year low April 9, 2024 Non-essential spending slumped to its lowest level in over two years, a new report has found, as Brits partaking in a popular no-spend challenge bruises restaurant and retail trade.