Oxford Street discounts signal a troubling start to the summer for retailers June 25, 2019 The crucial summer selling season is finally upon us, but for retailers on London’s most celebrated high street, all is not well. Big red discounts in shop windows line the parade on Oxford Street, where many of the country’s flagship fashion stores are offering major price reductions in a desperate bid to boost their sales. [...]
UK retail sales see biggest drop for 10 years in June June 25, 2019 UK retail sales fell at the fastest pace in over 10 years this month, according to a survey released today, due in part to the warm weather and football world cup last June. Read more: Pound falls as UK economy shrinks by 0.4 per cent in April Nonetheless, the closely-watched survey from the Confederation of [...]
When is Amazon Prime Day 2019? Everything you need to know June 25, 2019 Amazon is preparing to launch its longest Prime Day ever, forming a 48-hour sales event starting at midnight on 15 July. The two day event on 15 and 16 July, similar to a Black Friday sale, offers Prime subscribers the chance to buy products from the retailer at cut prices for a limited period. Amazon [...]
Dunelm shares: Upgrade cycle not over June 25, 2019 | City Talk By Graeme Evans from interactive investor Up 70% already in 2019, this quality operator is well-fancied and tipped to keep outperforming. Dunelm (LSE:DNLM) continues to defy expectations after another profits upgrade extended the home furnishing chain’s remarkable share price rally for 2019 to a whopping 81%. One of the stand-out performers in the FTSE 250 index so far this [...]
New Look posts £500m loss as turnaround continues June 25, 2019 Struggling retailer New Look has posted a £500m loss as it continues with its turnaround plan. The figures The high street chain reported a statutory loss before tax of £522.2m, compared to a £190.2m loss the previous year, due to a £423.3m goodwill and brand impairment charge related to the restructuring. However, the firm also [...]
Sainsbury’s cuts market share decline as Aldi and Lidl soar June 25, 2019 Sainsbury’s has cut short the decline in its market share as discount rivals Aldi and Lidl continue to boost sales. Customer spend at Sainsbury’s dipped 0.6 per cent in the three months to 16 June, an improvement on the 1.2 per cent decline in the previous period following its failed merger with Asda. Read more: [...]
Carpetright shares jump as turnaround plan remains on track June 25, 2019 Carpetright has reported a narrowing of losses and a return to like-for-like sales growth for the full year as it continues to roll out its turnaround plan. Read more: Carpetright shares soar as restructuring plan starts to pay off The figures Revenue fell 13.4 per cent to £386.4m in the 52 weeks to the end [...]
Boots scraps plastic carrier bags in 53 stores June 24, 2019 Boots has said it will begin to replace plastic carrier bags with unbleached brown paper bags in all of its stores across the UK. Read more: Boots mulling more than 200 possible store closures The heath and beauty chain said the new bags will be brought in from today at 53 stores, with plans for [...]
Hot cakes: Cake Box revenue rises in first year as listed company June 24, 2019 Cake Box has posted a sharp rise in revenue and profit for the full year as customers get a taste for its egg-free products. Read more: Cake walk: Cake Box revenues soar 30 per cent after summer IPO The figures Revenue jumped 33 per cent to £16.9m in the year to the end of March. [...]
Pensions Regulator boss to face questions from MPs over Arcadia deal June 23, 2019 The boss of the Pensions Regulator (TPR) is set to face a grilling from an influential committee of MPs later this week over the watchdog’s deal with Sir Philip Green to help save his fashion empire from collapse. Charles Counsell, the chief executive of TPR, is to appear before politicians just weeks after Green agreed [...]