Theo Paphitis: Losses slashed in half at Ryman despite falling sales April 2, 2025 The group behind Ryman, the stationery retailer owned by former Dragons’ Den star Theo Paphitis, has slashed its loss almost in half despite falling sales. The Cheshire-headquartered group has reported a pre-tax loss of £1.49m for the year to 30 March, 2024, according to new accounts filed with Companies House. The figure comes after Ryman Group posted [...]
Trespass: Profit plummets as sales remain static at outdoor clothing brand April 1, 2025 Profit at the company behind outdoor clothing giant Trespass plummeted as sales remained static during its latest financial year. Jacobs & Turner has reported a pre-tax profit of £1.2m for the year to 30 June, 2024, down from the £9.6m it achieved in the prior 12 months. New accounts for the business, which have been [...]
Harvey Nichols: Losses near £100m at luxury department store chain as sales fall April 1, 2025 Harvey Nichols has now lost almost £100m since it last made a pre-tax profit, it has been revealed, after being hit by the cost-of-living crisis and high inflation during its latest financial year. Delayed accounts for the iconic retailer, which was founded in 1831, have revealed its pre-tax loss went from £21.2m to £35.3m in [...]
Peloton: Eye-watering UK losses continue as more jobs cut March 31, 2025 The UK arm of Peloton has reported another eye-watering loss as it continued to significantly cut jobs, it has been revealed. The London-headquartered division has posted a pre-tax loss of £94.3m for the 12 months to 30 June, 2024, after having also lost £115.2m in the prior year. The latest loss comes after Peloton UK [...]
Retail sales beat expectations as Brits keep shopping March 28, 2025 Retail sales volumes beat expectations in February as British shoppers seemed to loosen their spending habits, according to the Office for National Statistics (ONS). Retail sales rose one per cent month-on-month after rising 1.4 per cent in January. Markets had expected a decline of 0.3 per cent. Annual retail sales growth came in at 2.2 [...]
WH Smith agrees sale of UK high street chain to Modella March 28, 2025 WH Smith has agreed to sell its 233-year-old UK high street business to Modella Capital for around £76m. Modella Capita, which owns Hobbycraft, pipped a number of bidders to the prize including Alteri Investors, the owner of Bensons for Beds. The deal will transfer WH Smith’s 500 stores to the investor, with the high street [...]
Brits’ sweet tooth help Ferrero Rocher, Nutella and Kinder Surprise sales surge March 27, 2025 The British public’s sweet tooth helped sales at the owner of confectionary brands such as Ferrero Rocher, Nutella and Kinder Surprise jump by more than £60m during its latest financial year. Ferrero UK, which also owns Thorntons and Tic Tacs, has posted a revenue of £624.4m for the 12 months to 31 August, 2024, up from the £557.5m [...]
Spring Statement 2025: ‘Missed opportunity’ to avoid hospitality cliff edge March 26, 2025 The UK’s leading hospitality body has slammed the Spring Statement as a ‘missed opportunity’ to solve the mounting crisis in Britain’s pubs and bars. The statement contained no phasing in of higher national insurance contributions (NICs) or extra support for the sector, despite pleas from the industry. “Growth won’t just happen without a plan. Today’s [...]
Estée Lauder loses over £360m as it prepares to cut jobs March 26, 2025 Estée Lauder, the beauty giant behind brands such as Clinique, MAC, and Jo Malone, has slumped to a loss of more than £360m in the UK and Ireland as it prepares to cut thousands of jobs. The US multi-national, which is also the owner of Bobbi Brown, Aveda and Tom Ford, posted a pre-tax loss [...]
Uniqlo: Gen Z’s viral fashion trends help profit rocket March 26, 2025 Viral fashion trends among Generation Z helped Uniqlo’s profit surge by more than €100m (£83.5m) during its latest financial year. The London-headquartered European division of the Japanese giant has reported a turnover of €1.69bn for the 12 months to 31 August, 2024, up from the €1.30bn it achieved in the prior period. New accounts filed [...]