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 [...]
Nikon: Profit cut in half amid falling demand February 14, 2025 Profit was cut in half at the European arm of Nikon amid falling demand in its healthcare business, it has been revealed. The division of the Japanese giant has reported a pre-tax profit of €13.5m (£11.2m) for the 12 months to 31 March, 2024, according to newly-filed accounts with Companies House. The latest figure comes [...]
Birkenstock predicts further UK sales success after latest surge February 12, 2025 Birkenstock has forecast its UK sales will take another huge step forward during its current financial year thanks to growing demand. The footwear brand has revealed its sales have so far been “above initial expectations” in its year which will finish at the end of September. The continued rise in its UK revenue has been [...]
LK Bennett: Luxury fashion brand loved by Princess of Wales slumps into the red February 5, 2025 LK Bennett, the luxury fashion brand loved by the likes of Catherine, Princess of Wales, has slumped into the red. The London-headquartered retailer has reported a pre-tax loss of £3.1m for the 12 months to 27 January, 2024, according to newly-filed accounts with Companies House. The loss comes after LK Bennett posted a pre-tax profit [...]
Jack Wills: Job cuts continue as fashion brand halves in size February 5, 2025 Profit has continued to fall at fashion brand Jack Wills, which is owned by Mike Ashley’s Frasers Group, as more jobs were cut and stores closed during its latest financial year. The company’s headcount reduced from 233 to 135 in the 12 months to 28 April, 2024, while it went from running 32 shops to [...]
Savile Row label Hackett hails international success as profit rockets February 4, 2025 International success has helped up-market Savile Row clothing label Hackett almost quadruple its profit during its latest financial year as sales surged. The London-headquartered chain has reported a pre-tax profit of £3.8m for the 12 months to 31 March, 2024, according to newly-filed accounts with Companies House. The figure comes after Hackett posted a pre-tax [...]
Crew Clothing plans to open at least 20 stores in 2025 January 29, 2025 Crew Clothing has revealed plans to open at least 20 stores across the UK this year. The fashion retailer announced its intention to expand further after the brand added 15 new locations over the course of 2024. That flurry of openings included a new store in Paddington, a move which marked the company’s return to [...]
Jollyes: Pets at Home rival to lower 3,000 prices and open new stores January 28, 2025 Pet superstore chain Jollyes has revealed plans to lower thousands of prices and open new stores across the UK. The retailer, which is a major rival to Pets at Home, has also announced a range of new benefits for its employees in a bid to attract new talent. The news comes almost a year after [...]
Knoops on track to almost double sales after festive cheer January 21, 2025 Drinking chocolate chain Knoops expects to almost double its revenue by the end of its current financial year as it reported record Christmas trading results. The London-headquartered company has also confirmed the appointment of Lush co-founder Andrew Gerrie, who is also a former chairman of Hotel Chocolat, to its board as a non-executive director. Gerrie [...]
Superdrug hails record Christmas as sales surge January 17, 2025 Superdrug has hailed its Christmas trading as its best ever after sales rose by more than five per cent in the final weeks of 2024. The high street retailer said it was boosted by one gift set being sold every second throughout December. Own Brand top sellers included the Studio London Ultimate Brush Collection, the [...]