In The Style: Fast-fashion brand saved after administration collapse March 19, 2025 In The Style has been sold after collapsing into administration in a move which put hundreds of jobs at risk of being lost. FTS Recovery had been appointed to oversee the administration process at the Manchester-based company before a deal with Alps Sourcing Limited was agreed. It has now been confirmed that 87 jobs in [...]
Office: Shoe retailer doubles profit to over £100m March 18, 2025 Profit at the group behind shoe retailer Office more than doubled to over £100m as it continued to open new stores and created hundreds of jobs. The business, which also includes the Offspring brand, has posted a pre-tax profit of £102.4m for the 12 months to 30 June, 2024. The future comes after the group [...]
Stella McCartney: Fashion brand suffers sales slump amid huge loss March 11, 2025 Sales at Stella McCartney’s fashion brand were slashed almost in half as its losses widened by £15m in the year before the designer bought out LVMH, it has been revealed. Accounts filed almost six months after the Companies House deadline show Stella McCartney Ltd’s turnover was slashed from £40m to £21.9m in 2023. The accounts [...]
HMV: Sales on song as billionaire owner helps turn around high street icon March 6, 2025 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 [...]
Jollyes sinks further into the red despite sales surge at Pets at Home rival March 5, 2025 Jollyes has sunk further into the red despite its sales continuing to surge as it attempts to increase its rivalry with Pets at Home. The company has posted a pre-tax loss of £13.3m for the year to 26 May, 2024, after having also made a £5.3m loss in the prior 12 months. However, newly-filed accounts [...]
Oak Furnitureland battles rising costs as sales cut March 3, 2025 Oak Furnitureland remains in the red as a catalogue of issues impacted its sales during its latest financial year. The Swindon-headquartered retailer has revealed its revenue fell by 17 per cent to £236m in the 12 months to the end of June 2024 because of “a soft market, the Red Sea disruption and the subsequent [...]
Pure Electric: Scooter brand to make first profit in 2026 after transformation February 25, 2025 Pure Electric, the scooter brand run by former Hargreaves Lansdown investor Adam Norris, has predicted it will make its first profit in 2026 after transforming its business model. The Somerset-based business added that its pre-tax loss will continue to fall during its current financial year as it expands further across the world. The forecast comes [...]
Very Group returns to half-year profit despite sales decline February 19, 2025 Very Group returned to making a half-year profit during the final six months of 2024 despite a fall in sales. The Merseyside-headquartered business, which includes Littlewoods, has reported a pre-tax profit of £6.1m for the period to 28 December 2024. The profit comes after Very Group fell to a pre-tax loss of £2m during the [...]
Club L London almost triples in size as it targets international expansion February 18, 2025 Fashion retailer Club L London is targeting international expansion after almost tripling its sales and headcount over a two-year period. The Manchester-headquartered company achieved a turnover of £44.4m for the 14 months to 31 March, 2024, newly-filed accounts with Companies House have revealed. The latest sales figure comes after Club L London’s turnover stood at [...]
Ann Summers slips further into the red as sales dip February 18, 2025 Ann Summers slipped further into the red as it battled “significant external pressures” including the cost-of-living crisis, rising inflation and Google’s safe search restrictions. The retailer fell to a pre-tax loss of £13.1m for the year to 29 June, 2024, after it also made a loss of £3.8m in the prior 12 months. Newly-filed accounts [...]