Pandora: UK sales reach new record as profit bounces back September 24, 2024 Sales at the UK arm of luxury jewellery brand Pandora jumped to a new record high as its pre-tax profit bounced back, it has been revealed. The London-headquartered division has reported a turnover of £448m for 2023, according to newly-filed accounts with Companies House. The total comes after the business posted a turnover of £438.3m [...]
Mike Ashley’s Frasers Group sells shares in Asos following Topshop spike September 23, 2024 Frasers Group, the retail empire controlled by Mike Ashley, has lowered its stake in fast-fashion giant Asos. The Mansfield-headquartered group, which owns the likes of Sports Direct and House of Fraser, has decreased its holdings in Asos from 24.3 per cent to 21.1 per cent, according to a new filing with the London Stock Exchange. [...]
Deichmann: UK sales step up to new record as loss slashed September 23, 2024 Sales at shoe retailer Deichmann have stepped up to a new record level as its pre-tax loss was slashed by more than 50 per cent during its latest financial year. The Leicestershire-headquartered UK arm of the German group has reported a turnover of £139.1m for 2023, up from the £121.7m in 2022. According to newly-filed [...]
Oliver Bonas creates hundreds of jobs as new stores help sales surge September 23, 2024 Oliver Bonas created almost 200 jobs as the opening of new stores helped its sales jump by over £20m during its latest financial year. The Chessington-headquartered company has reported a turnover of £135.7m for 2023, up from the £115m it achieved in 2022. Newly-filed accounts with Companies House also show its headcount increased from 1,357 [...]
Argos: ‘Tough trading conditions’ fail to stop sales and profit rise September 23, 2024 “Tough trading conditions” failed to stop Argos increasing its sales and profit during its latest financial year, it has been revealed. The retailer, which is owned by supermarket giant Sainsbury’s, has reported a revenue of £4.22bn for the 12 months to 2 March, 2024, up from the £4.15bn it posted for the prior year. Newly-filed [...]
Hugo Boss: Profit slashed in ‘year of investment’ as sales dip from record high September 23, 2024 Profit at the UK arm of Hugo Boss was slashed by almost 50 per cent in a “year of investment” as its sales fell back from a record high, it has been revealed. The London-headquartered arm has reported a pre-tax profit of £16.8m for 2023, according to newly-filed accounts with Companies House, down from £30.4m [...]
American Golf hails sales success as it bids to return to profit September 20, 2024 American Golf has enjoyed an upswing in its market share since the start of its new financial year and added almost £1.5m in extra sales. The Warrington-headquartered retailer, which is backed by private equity firm Endless, has revealed its like-for-like sales rose by £1.4m to £80.6m in the period from February to August 2024. American Golf [...]
Lego keeps building success in the UK despite ‘declining toy market’ September 19, 2024 Lego has continued to build on its recent success as its UK sales and profit rose for the sixth year in a row in 2023. The Berkshire-headquartered division of the Danish giant has reported a turnover of £449.2m for its latest financial year, up from the £440m it posted for 2022. According to newly-field documents [...]
Ocado shares jump after firm hikes sales outlook on M&S joint venture September 19, 2024 Ocado shares jumped more than 10 per cent in early deals this morning after the company hiked its sales guidance. The retail arm of the London-listed group, Ocado Retail, a 50:50 joint venture between Ocado Group and Marks & Spencer Group, reported revenue growth of 15 per cent in the 13 weeks to 1 September [...]
Fashion brands told to ‘stay on the right side of the law’ amid greenwashing claims September 18, 2024 Some of the most high-profile fashion brands in the UK have been warned to be clearer on their green credentials by the UK competition watchdog as it clamps down on misleading marketing. The Competition and Markets Authority (CMA) has issued a new sustainability compliance guide for retailers and told 17 brands to review their practices. [...]