Wilko: Union calls for former boss to face MPs over £56m pension pot hole September 20, 2023 The union representing Wilko workers called for Lisa Wilkinson to answer questions about a £53m hole in its pension pot.
Dunelm: ‘Value’ offer leads to record revenue amid cost of living crunch September 20, 2023 Dunelm posted record sales of £1.64bn, in its preliminary results, rising up 5.5 per cent from last year's figures, as the homeware retailer was bolstered by cost reductions.
How Brits (and businesses) fell in love with the humble retail park September 20, 2023 On the outskirts of every bustling town and city lies the reliable, yet boring, retail park. But, as dull as they may be, retail parks are having their moment in the sun.
H&M follows Next, Zara and Boohoo to charge shoppers for online returns September 19, 2023 H&M has become the latest retailer to charge shoppers to return their online shopping purchases. Customers will now be asked to pay £1.99 when they want to take back purchases they made on the H&M website, according to reports in BBC. The retailer told the outlet it introduced the scheme during the summer. Fellow high [...]
Till sales surge as retailers boosted by sunny September and back to school deals September 19, 2023 A bout of unusually hot weather in early September helped hike grocery sales at UK supermarkets, with total till sales surging 10.3 per cent in the last four weeks ending 9 September. According to data from NIQ, the figure rose up from 7.2 per cent during the wet July and early August, which deterred shoppers [...]
Kingfisher: Profit warning at B&Q owner as economy bites September 19, 2023 Kingfisher: Profit warning at B&Q owner as economy bites
Naked Wines: Chair apologises after economy corks revenues September 19, 2023 In a letter to shareholders, the chairman of Naked Wines apologised after the online booze supplier reported disappointing full year results. In a trading update the British wine supplier said new customer investment dropped by 48 per cent, while repeat customer contribution stayed roughly flat. Shares dropped ten per cent on Tuesday morning. New sales [...]
Tui: Wildfires hold back growth but travel demand continues to soar September 19, 2023 The post-Covid recovery of summer holidays helped push Tui towards its targets for the 2023 financial year.
Ocado: Signs of progress at last as firm looks to continue share price turnaround September 19, 2023 Upmarket grocer Ocado has reported a 7.2 per cent surge in revenues to £569.6m in the third quarter as turnaround plans under the guidance of its year old chief executive appear to show signs of paying off. The digital supermarket, which operates as a joint venture with M&S, said the average orders per week at [...]
Missguided sale marks a pivot in Frasers’ strategy – but a Shein deal has risks attached September 18, 2023 News that Frasers could sell Missguided to Shein potentially marks a change in strategy for the Sports Direct owner, which has been highly acquisitive in recent years.