Matalan: Huge losses continue as almost 200 jobs lost June 19, 2025 Huge losses have continued at Matalan as its sales dipped below £1bn and it shed almost 200 jobs. The Liverpool-headquartered retailer has reported a pre-tax loss of £67.2m for the 12 months to 22 February, 2025. The total comes after Matalan also posted a pre-tax loss of £60m in its prior year. New accounts also [...]
Holly Tucker: I was lost after leaving Not On The High Street June 19, 2025 Holly Tucker, founder of retail behemoth Not On The High Street, tells us about leaving her business and setting up anew in this week's Square Mile and Me.
Wowcher: Profit slashed after huge refund over pressure selling tactics June 17, 2025 Profit at Wowcher has been slashed after the UK’s competition watchdog scored a major victory against the e-commerce giant. The London-based business promised the Competition and Markets Authority (CMA) in July last year that it would change its online selling practices and hand 870,000 customers a share of more than £4m in refunds. The move came [...]
Business rates to hammer the West End: ‘This whole policy is nuts’ June 16, 2025 A rise in business rates for more expensive properties is set to hammer valuable areas like London’s West End, a leading investment firm has warned. The policy, which aims to bring down business rates for small properties by raising them for large properties, has been slammed as “unlikely to save the high street” and likely [...]
Dunelm’s ‘market-beating’ potential hailed as shares rocket June 16, 2025 Dunelm has been hailed as a “coiled spring” by London broker Peel Hunt amid rising sales and its shares rocketing in recent weeks. The Leicester-headquartered retailer, which is a member of the FTSE 250 index, a “clear moat” compared to its competitors due to a combination of more products, more active customers and a much [...]
Grenade: We invented ‘good’ protein bars June 16, 2025 It is difficult to walk around a supermarket without being screamed at by a collection of very similar labels on very different aisles: High-protein yogurt! Protein powder bread! All natural high-protein ketchup! As the final social-media-endorsed macronutrient standing, protein’s stock has soared from a good-to-have to a must-buy in the last decade. Somewhat inexplicably, Marks [...]
Aldi denied permission to appeal Thatchers court ruling June 12, 2025 Aldi has been denied permission to appeal against a court ruling that it infringed on the British cider brand Thatchers’ trademark with its cloudy lemon cider product. The Court of Appeal found against the discount supermarket giant in January after the family-owned cider maker launched a legal battle in 2022. Thatchers claimed that the supermarket [...]
Group owned by Dragons’ Den star Touker Suleyman makes just £3,000 profit June 12, 2025 A fashion brand owned by Dragons’ Den star Touker Suleyman made a profit of just £3,000 as it returned to the black in 2024, it has been revealed. The company behind Low Profile posted the pre-tax profit after reporting a loss of £2.6m in 2023. New accounts filed with Companies House also show that Suleyman’s [...]
Poundland sold for just £1 and handed war chest to lead recovery June 12, 2025 Poundland has been sold for just £1 to investment giant Gordon Brothers in a deal which will provide the discount retailer with a £80m war chest to turn around its fortunes. Pepco Group has entered into a definitive agreement with Gordon Brothers to sell Poundland which will continue to be led by chief executive Barry [...]
Tesco: Supermarket giant widens market share amid price war June 12, 2025 Supermarket juggernaut Tesco delivered an upbeat trading statement for the first three months of the year as the price war in the competitive UK grocery market rumbled on. Food sales at the grocer were up 5.9 per cent year-on-year led by a strong performance in fresh food. Meanwhile, non-food sales climbed 6.2 per cent after [...]