Mike Ashley’s Frasers Group significantly ups stake in model trains maker Hornby February 23, 2024 Mike Ashley's retail empire Frasers Group has significantly increased its stake in model railways manufacturer Hornby.
John Lewis revamps marketing approach as it tackles losses July 28, 2023 John Lewis has created a ‘customer planning team’ to make the most out of its marketing budget in stores and online, as it struggles with huge losses. The upmarket British retailer, famed for its annual tearjerker Christmas ad, has appointed Andreas Nicolaides to lead the new team from October. John Lewis, which owns Waitrose, said [...]
Mike Ashley steps up involvement in Hornby with chief consultancy role March 20, 2024 Mike Ashley has stepped up his involvement in model trains brand Hornby after becoming a consultant to its chief executive.
N Brown warns on profit in ‘highly promotional market’ January 16, 2020 Simply Be owner N Brown has slashed its profit expectations, blaming lower revenue from its credit lending service and a “highly promotional market”. Shares in the plus-size fashion retailer plummeted more than 24 per cent today after it said full-year adjusted profit before tax will be in the range of £70m to £72m, down from [...]
N Brown returns to profit after digital transformation October 10, 2019 Shares in N Brown jumped 7.8 per cent this morning after the plus-size retailer reported it returned to profit in the first half. The figures The retailer reported a statutory profit of £18.8m, up 169.4 per cent from a loss of £27.1m last year. Earnings increased four per cent from £52m to £54.1m in the [...]
Marks Electrical eyes London IPO after online growth October 5, 2021 Online retailer Marks Electrical has announced its intention to pursue an initial public offering (IPO) on London’s AIM market. The group – which sells, installs and recycles a variety of household electrical items – has seen online growth swell as consumer behaviour has changed. Revenue hit £56m in the year to March 31 2021, up [...]
N Brown shares drop after it reveals £20m to £30m PPI provision September 12, 2019 Shares in British retailer N Brown have fallen 5.5 per cent this morning after it said it would have to set aside £20m to £30m more to cover claims about mis-sold payment protection insurance (PPI). Read more: Barclays and Lloyds Bank reveal PPI balance sheet hit The plus-size clothes retailer, which has cricketer Freddie Flintoff [...]
N Brown share price surges on digital sales boost June 20, 2019 Sales at N Brown fell despite growth in its digital division in the three months to the start of June, it revealed today. Read more: N Brown shares plunge on ‘disappointing’ offline sales Total revenue dropped 3.8 per cent year on year even though digital sales rose three per cent, the retailer said. Digital sales [...]
Ocado opens hub in Bristol as it plans to boost UK capacity by 40 per cent March 1, 2021 Online supermarket retailer Ocado has opened a new mini customer fulfilment centre (CFC) in a bid to expand its reach across the country after a strong 2020. Supporting up to 815 jobs, the Bristol-based centre has the capacity for over 30,000 orders a week and will hep the retailer with its increased demand over lockdown. [...]
N Brown sales slide in wake of ‘challenging’ Christmas January 17, 2019 Shares in plus-sized fashion group N Brown slumped more than eight per cent this afternoon after the e-commerce giant became the latest retailer to report a fall in sales over the Christmas period. Growth in online trading was offset by a slump in its traditional catalogue-focused arm, with revenue in N Brown’s mail-order catalogue brands, [...]