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Retail

  • Waitrose warns of jobs cuts as it shakes up staff hours

    September 7, 2023

    Waitrose workers have been warned that some jobs are at risk as the business looks to ramp up productivity and reduce costs.

  • Smurfit Kappa looks to ditch London as it plots merger with US rival West Rock

    September 7, 2023

    Irish packaging giant Smurfit Kappa has confirmed it is in advanced discussions to merge with US rival West Rock.

  • Currys sticks to full-year guidance despite falling sales

    September 7, 2023

    Currys has said it is sticking to its annual profit guidance despite recording a 4% fall in group sales in the 17 weeks to August.  The British electrical goods seller reported a 2% dip in like-for-like sales in its UK and Ireland (UK&I) division as consumers put off buying expensive goods amid the cost of [...]

  • Starbucks cheers ‘good progress’ in plan for 100 new UK shops

    September 7, 2023

    Coffee giant Starbucks has hailed “good progress” in its expansion plans to open 100 new stores in the UK over the current year. The chain said it has also “maintained strong, double-digit growth” in the UK in recent months despite pressure on consumer spending due to the rising cost of living. On Thursday, the retail [...]

  • Ann Summers: Turnover reaches over £100m as lingerie retailer plots store expansion

    September 6, 2023

    The erotic retailer, which has 88 stores across the UK and Ireland, plans to open four or five more stores in 2024, a new filing posted on Companies House shows.

  • TRG: Profits soar as Wagamama owner defies drab outlook for casual dining market

    September 6, 2023

    TRG, which owns a slew of casual dining chains and pubs, its most popular being Japanese inspired eatery Wagamama, reported a 10 per cent rise in total revenue during the term to £467.4m. 

  • WH Smith: Revenues surge 28 per cent as travel hub retailer boosted by summer splurge

    September 6, 2023

    WH Smith said its revenues surged 28 per cent compared to a year ago, as the group was bolstered by a busy period for summer travel.  The highstreet stalwart, which has stores in airports and train stations, said revenues across its travel hubs jumped 42 per cent as passengers return to their pre-Covid holiday habits.  [...]

  • Halfords revenues rise as consumers sniff out budget auto care

    September 6, 2023

    Halfords reported a 14.1 per cent hike in revenue for the first five months of the year as the retailer was bolstered by demand for “basic needs” services such as motoring.  The motoring and cycling retailer said that revenue in its autocentres division grew 34.6 per cent and retail rose 3.7 per cent.  Halfords has [...]

  • Lidl opens its largest ever warehouse in Luton

    September 5, 2023

    Lidl has opened its biggest warehouse worldwide, which is worth £300m, in Luton creating over 1,000 new jobs. The German discounter said the 1.2m sq ft site in Houghton Regis, Luton, will service 150 stores and open up 1,500 new positions.  The regional distribution centre (RDC) will feature solar panels that are set to generate [...]

  • Wilko: Store confirms over 1,000 job cuts – but talks with HMV owner continue

    September 5, 2023

    Wilko’s administrators confirmed today that it will cut 1,300 jobs and close 52 stores.

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