JYSK: Losses continue as stores close and jobs shed May 7, 2025 Losses continued at the UK arm of Danish homewares retailer JYSK as it closed stores and shed jobs during its latest financial year. The business, which forms part of the global group, has reported a pre-tax loss of £3.2m for the 12 months to 31 August, 2024. The total comes after JYSK also posted a [...]
Next set to reveal profit increases amidst tariff uncertainty May 3, 2025 Next is expected to post rising profits next week despite a string of costs increases hitting retailers and broader concerns about UK consumer confidence. The retail giant will reveal its first quarter results on May 8, hot on the heels of profits of more than £1bn last year. Next, which has more than 450 stores [...]
Harrods hit in cyber spree as experts warn of ‘coordinated campaign’ May 2, 2025 Harrods has become the latest high profile UK retailer targeted by cyber attackers, joining Marks & Spencer and Co-op Group in a spate of recent incidents that security experts fear may be part of a broader attack against the sector. Harrods has confirmed that it had experienced “attempted to gain unauthorised access” to its systems. [...]
Investors keep faith in M&S success story May 1, 2025 There’s no doubt that M&S is in the grip of a crisis, but investors appear to have faith that the current cyber nightmare won’t undermine the dream run enjoyed by this retailer in recent years. The business still stands out as a triumphant turnaround success story, with a share price that’s been on an upward [...]
Lindt: £75m sought for UK home of Swiss chocolatier April 30, 2025 The UK headquarters of Swiss chocolatier Lindt has been put up for sale with an asking price of £75m. The building in Richmond upon Thames is a redevelopment of the former Gosling Department Store. The five-storey, mixed-use development is fully let, with luxury gym operator Third Space and two high-end restaurants occupying the lower floors. DTRE [...]
Truly: Losses continue at brand backed by Dragons’ Den star Peter Jones April 30, 2025 Losses have widened at Truly, the lifestyle brand launched by Dragons’ Den star Peter Jones which used to be backed by Holly Willoughby. The online business has been trading since the end of 2018 – led by Jones and wife Tara Capp – after TV presenter Willoughby stepped away a few months before. At the [...]
Aston Martin limits US imports amid tariff uncertainty April 30, 2025 Aston Martin has begun limiting car imports to the US as it wrestles with the fallout from Donald Trump’s erratic tariff regime. The luxury carmaker was already forced to revised down sales targets slightly in April as Donald Trump’s liberation day announcement rocked global markets and sent shares in a string of carmakers spiralling. Chief [...]
Gymshark puts 300 jobs at risk despite record sales April 30, 2025 Gymshark has put almost 300 jobs at risk despite reporting record sales for its latest financial year this week. The Solihull-headquartered company, which was co-founded by self-made billionaire Ben Francis, has entered into a consultation with 296 employees, almost a third of the total workforce. The news, first reported by Drapers, came on the same [...]
THG posts rise in beauty sales April 29, 2025 THG hailed a strong performance in its beauty division as the e-commerce firm posted its annual results. The division, which is the largest of the firm’s units and includes the Biossance, ESPA and Lookfantastic brands, posted a 4.6 per cent rise in turnover to £1.1bn for the 2024 calendar year. Demand for skincare and fragrance [...]
M&S: FTSE 100 shares start recovery after near-£700m cyber attack hit April 29, 2025 Shares in Marks and Spencer (M&S) have risen for the first time since a cyber attack wiped almost £700m off the FTSE 100 retailer’s valuation. M&S has seen its share price tumble from 411p to 383p in the last week after first revealing the cyber attack last Tuesday. The cyber attack initially impacted contactless payments [...]