Clintons back in profit after closing stores and cutting over 300 jobs Retail Clintons has surged back into the black after closing more stores and cutting over 300 jobs. The gift card giant has posted a pre-tax profit of £8m for the year to 29 June, 2024, according to new accounts filed with Companies House. The total comes after Clintons made a pre-tax loss of £5.3m in the [...]
HMV: Sales on song as billionaire owner helps turn around high street icon Retail Sales at HMV have more than doubled in the last three years as its recovery under the ownership of Canadian billionaire Doug Putman continues at pace. The high street staple has reported a turnover of £189.5m for the 12 months to 30 May, 2024, up from the £177.9m it achieved in the prior year. The [...]
Post-Christmas shopping to rise as bargain-hunters ’emerge’ – analyst Business Post-Christmas shopping is expected to pick up on Friday after data showed there were fewer consumers hitting the high streets for Boxing Day bargains. By midday on Friday, footfall at shops across the country was eight per cent higher than the same day last year, according to retail analysts MRI Software. It follows refreshed figures [...]
ABF: Primark owner powers through footfall slump to deliver solid growth September 5, 2024 Primark owner Associated British Foods (ABF) has reported a “significant improvement in profitability” despite a rainy summer threatening to dampen sales. The London-listed firm, which also owns Twinings Tea and a raft of food businesses, said it expected to see increased sales across its retail, grocery and ingredients divisions during its second half ending September [...]
Retail footfall down for twelfth consecutive month – but spending surge on the horizon August 2, 2024 Figures for retail footfall in the UK fell for a twelfth consecutive month as shoppers opted to spend on holidays and leisure rather than consumer goods.