Grocery inflation stabilises, but Brits still concerned about shopping costs September 10, 2024 Grocery inflation has returned to its downward trend but nearly two thirds of Brits remain worried about the rising cost of their shopping, according to fresh data. Annual grocery price inflation in the four weeks to 1 September fell to 1.7 per cent, down from 1.8 per cent in the previous four-week period, according to [...]
Mountain Warehouse to open 50 new sites after bumper profit September 10, 2024 Mountain Warehouse is set to open another 50 stores next year as part of a rapid expansion plan after achieving a bumper profit last year. The new stores will take the outdoor leisure retailer’s total to around 370 stores across nine countries, according to the Times. It has already opened 20 new stores in the [...]
Luceco: Sales rise beyond expectations at lighting giant September 10, 2024 Revenue at LED lighting specialist Luceco grew beyond expectations during the first half of its financial year as easing inflation helped to stabilise prices. The London-listed firm, which is headquartered in Telford, saw its sales increase to £109.6m in the six months ending 30 June, 2024, up from £101.1m in the same period last year. [...]
Sales rise fails to stop loss widening at Wilkinson Sword September 10, 2024 A rise in turnover at Wilkinson Sword failed to stop its pre-tax loss widening during its latest financial year, according to newly-filed documents. The company, whose brands also include Playtex, Hawaiian Tropic and skincare label Bulldog, has reported a turnover of £132.4m for the year to 30 September, 2023, up from £116.9m in the prior [...]
JD Sports puts almost 200 jobs at risk as it moves to close major distribution centre September 10, 2024 Almost 200 jobs have been put at risk of redundancy after JD Sports confirmed plans to close one of its major distribution centres. The Greater Manchester-headquartered group, which is listed on the London Stock Exchange, is to shutter its location at Derby Commercial Park. The move comes after JD Sports penned a 20-year lease on [...]
House of Fraser: Profit doubles at Mike Ashley’s department store chain amid store closures September 10, 2024 House of Fraser more than doubled its pre-tax profit despite a fall in revenue after closing stores across the country, it has been revealed. The performance of the department store chain, which is owned by Mike Ashley’s Frasers Group, has been outlined in accounts filed with Companies House more than seven months after the deadline. [...]
Bloom & Wild hires first finance chief from Purplebricks as it targets return to profit September 10, 2024 Online flower delivery company Bloom & Wild has appointed a top boss at Purplebricks at its first-ever chief financial officer. Dominique Highfield has been hired by the London-based group from her position as chief operating officer at the online estate agency. Highfield has been at Purplebricks for almost two years, first joining in November 2022 [...]
Halfords: Shareholders voice displeasure in political donations vote September 9, 2024 Shareholders in Halfords have voiced their displeasure in a vote to authorise the retailer to make political donations. More than one in ten voted against the proposal at the Redditch-headquartered group’s annual general meeting, according to a document filed with the London Stock Exchange. The 11.91 per cent in the against column comes after 4.01 [...]
Retailers fret over human rights abuses in supply chains September 9, 2024 Concern among retail leaders comes amid controversy over Shein’s planned blockbuster listing on the London Stock Exchange.
Asos rejected £215m Topshop offer from Shein in favour of lower bid September 8, 2024 Online clothing retailer Asos had declined a much higher bid for Topshop and Topman from fast fashion giant Shein in favour of its new joint venture with Heartland.