Next boss Simon Wolfson takes record £7.4m pay packet April 17, 2026 Next boss Simon Wolfson took home a bumper £7.4m pay packet last year, as his best-ever pay day could be beaten by next year’s £9.3m – if the firm meets growth targets. Wolfson’s total pay soared from £4.9m the year before, as he took £967k in basic pay and more than £6m in bonuses. The [...]
Original Factory Shop closes all stores amid collapse April 16, 2026 The Original Factory Shop has closed all 137 stores and its head office, after the retailer collapsed into administration amid growing industry fears over weak consumer confidence and high taxes. The discount department store was put into administration along with Claire’s Accessories earlier this year, as private equity firm Modella Capital said government policy was [...]
High street spending gets ‘much-needed boost’ but cost alert sent to shoppers April 14, 2026 High street spending in March remained robust though travel companies suffered from holidaymakers’ fears about organising a trip to the Middle East, research has suggested. Retail surveys have suggested that high street shops were boosted by shoppers’ Easter hunt for food, computers and toys last month. Research by the British Retail Consortium (BRC) suggested that [...]
Holland & Barrett bets on high street with public health pivot April 9, 2026 Holland & Barrett is mounting a renewed focus on its high street presence, offering free health drop-ins amid growing online misinformation and an “under pressure” NHS. The health foods retailer has faced huge losses in recent years and its new chief executive is battling to raise the profile of its high street stores. Anthony Houghton, [...]
Energy bills threat recedes but retail and hospitality remain on brink April 8, 2026 Retail and hospitality leaders are optimistic that the Iran-US ceasefire could spare them from the worst energy bill shocks, but are urging the government to address an array of other cost pressures. British businesses had warned that the soaring energy prices caused by the war in the Middle East could be devastating if the conflict [...]
Leon founder: Labour ‘killing’ restaurant industry April 7, 2026 The founder of fast food chain Leon has accused the government of “killing” the restaurant industry by saddling the industry with a crushing tax burden. John Vincent, who founded Leon and recently bought it back, said on Tuesday “everyone knows restaurants are done” because of the government’s treatment of hospitality. The government has faced intense [...]
Businesses brace for costs as new workers’ rights kick in April 7, 2026 Businesses across Britain are bracing for a sharp hike in costs and hiring struggles as the government’s new workers’ rights laws begin to take effect this week. The British Retail Consortium (BRC), a leading trade body, said the Employment Rights Act risks adding to an onslaught of rising cost pressures facing firms, including wage hikes [...]
Debenhams shares jump as turnaround gains pace March 30, 2026 Shares in Debenhams bounced on Monday as the fashion giant reported better-than-expected performance as it said it is making “significant progress” on its turnaround. Debenhams Group, which was renamed from Boohoo last year, said its underlying earnings grew by 76 per cent in the last six months after the retailer slashed costs and revamped its [...]
Arbuthnot chief: High street banks’ push into wealth is no threat March 30, 2026 One of London’s oldest private banking institutions has sounded off on the influx of the British banking giants looking to grab a slice of the wealth management pie. Andrew Salmon, the boss of Arbuthnot Latham, told City AM that when big bank rivals attempt to go “stratospheric” with their thresholds, it would benefit from its [...]
Tesco beats Clubcard copycats to claim loyalty scheme crown March 27, 2026 Tesco’s beloved Clubcard has triumphed against rivals Sainsbury’s and Greggs to be named the country’s most valued loyalty scheme. The supermarket giant’s Clubcard is the UK’s most effective, according to an index by software firm HyperFinity which polled Brits on the value, customer satisfaction and rewards offered by loyalty schemes at more than 50 retailers. [...]