Boohoo eyes £100m profit as online seller revives fortunes Retail Fast fashion firm Boohoo has set its sights on a £100m profit after emerging from years of consecutive losses. The London-listed firm, which owns Debenhams, Karen Millen and Pretty Little Thing, said its turnaround plans are “significantly ahead” of schedule after producing its first pre-tax profit since 2021. Boohoo has endured a rocky few years, [...]
Amazon pledges 30,000 jobs for Neets ahead of Budget Retail Amazon has pledged to create 30,000 entry-level roles for young people by the end of the decade, in the latest sign of firms rowing in behind the government’s effort to tackle the youth unemployment crisis. The tech and retail giant has announced its “Youth Promise” programme amid growing concerns about youth joblessness and the number [...]
Healey plans £1bn e-commerce crackdown to fund retail tax breaks Retail John Healey is preparing to announce a £1bn tax crackdown on online marketplaces like Amazon and Temu to fund tax cuts for high street shops. At the Budget later this month, the Chancellor is expected to make e-commerce platforms like Amazon, Ebay and Temu responsible for collecting tax owed by the sellers using their site, [...]
Chinese online retailer takes on Amazon March 16, 2026 Chinese retail giant JD.com has mounted a challenge to Amazon’s control of the home-delivery market with its UK launch of online shop Joybuy. The platform will offer big-name brands including Apple, Samsung and Lego and is taking on Amazon’s reputation for speedy delivery with its “Double 11” promise – meaning orders placed before 11am will [...]
Dragons Den star steps in to save Robert Dyas March 16, 2026 A former Dragons Den star has stepped in to “steady the ship” at a beloved high street hardware store as losses climb. Theo Paphitis, who owns a string of retailers, has installed himself as interim chief executive at Robert Dyas, as the home improvement and electrical appliance seller battles “testing times”. Paphitis bought the retailer [...]
eBay snaps up second-hand fashion app Depop in $1.2bn deal February 19, 2026 Online seller eBay has struck a deal to purchase online fashion marketplace Depop for $1.2bn (£890m). The cash deal, expected to be completed by the middle of this year, comes just five years after the second-hand clothing app was acquired by craft marketplace Etsy for $1.6bn (£1.18bn). Peter Semple, Depop’s chief executive, hailed the sale [...]
Temu: UK sales and profit double as Shein court battle looms September 17, 2025 Sales and profit at the UK arm of Chinese online marketplace Temu almost doubled during its latest financial year, it has been revealed. For 2024, the division achieved a revenue of $63.2m (£46.3m), up from the $32.1m it achieved in 2023. New accounts filed with Companies House also show its pre-tax profit jumped from $2m [...]
Revealed: How much profit Amazon makes in the UK September 10, 2025 Amazon’s UK profit has been revealed – with the total estimated to be well above the £500m mark. Unusually, Jeff Bezos’ empire doesn’t file a single set of group accounts for its UK activities, instead choosing to report each company’s results separately with no parent entity in this country. The picture is also further complicated [...]
‘It’s not a fair fight’: HMV boss issues Rachel Reeves Autumn Budget tax demand September 8, 2025 Chancellor Rachel Reeves has been urged to reform business rates in the Autumn Budget by the boss of HMV. Phil Halliday, in an up-coming episode of City AM‘s Boardroom Uncovered show, said the current system should be altered to make it fairer for UK retailers. The managing director added that businesses such as HMV are [...]
FatFace slims down workforce as brand returns to profit August 14, 2025 FatFace shed almost 300 jobs as it returned to profit in its first full year after being acquired by FTSE 100 giant Next. The retailer was snapped up by the Leicester-based group for £115.2m in October 2023 in a deal which saw it fall to an initially reported pre-tax loss of £3.2m in the 35 weeks [...]