Crown Paints: Losses double as more jobs lost amid DIY downturn January 3, 2025 Crown Paints saw its pre-tax loss more than double as it shed further jobs despite sales rising, it has been revealed. In delayed accounts, the Lancashire-headquartered firm has reported a pre-tax loss of £16.1m for 2023. The figure comes after Crown Paints made a pre-tax loss of £8m in the prior 12 months. However, the [...]
Not-so-golden quarter: Retail footfall slumps in another disappointing year January 3, 2025 A dull December marked the end of yet another “disappointing” year for UK retail footfall as fresh data has revealed 2024 was the second year in a row to see a decline. According to recent Sensormatic data by the British Retail Consortium, UK footfall fell by 2.5 per cent year-on-year during the three months to December, [...]
Watchfinder continues in the red as sales tick below £100m January 2, 2025 Watchfinder continued to make a heavy loss during its latest financial year as its sales dipped below the £100m mark. The London-headquartered business, which sells second-hand watches, has reported a pre-tax loss of £12.6m for the 12 months to 31 March 2024. The figure comes after the firm also lost £12m in the prior year. [...]
Dairy giant Muller loses over £65m after Milk & More sale January 2, 2025 The UK and Ireland arm of dairy giant Muller slumped to a huge loss despite its sales rising by more than £100m, it has been revealed. The Shropshire-headquartered division of the German group fell to a pre-tax loss of £65.3m for 2023, delayed accounts show. The loss comes after the business also made a pre-tax [...]
Abel & Cole owner enters the red as it battles cost-of-living crisis January 2, 2025 The owner of organic vegetables box business Abel & Cole fell into the red despite sales increasing as it battled the impact of the cost-of-living crisis. William Jackson Food Group, which acquired Abel & Cole in 2012, has reported a pre-tax loss of £1.5m for the year to 27 April, 2024. The loss comes after the [...]
Record profit for Totally Wicked ahead of single-use vapes ban as sales double in two years January 2, 2025 Profit at Totally Wicked has surged to a new record level ahead of the sale of single-use disposable vapes being banned in England and Wales later this year. The Lancashire-headquartered has reported a pre-tax profit of £8.1m for the 12 months to 31 March, 2024, up from the £3.3m it posted for the prior year. [...]
Retailers get festive boost as more people head to shops January 2, 2025 There was an increase in the number of people who headed to the shops in December amid fears retailers face uncertain times after the festive season, analysts say. The 7.1 per cent increase in footfall in December from November is the greatest month-on-month rise since an 8.7 per cent jump was recorded in the same [...]
KPMG: UK households plan to splash the cash in 2025 December 31, 2024 The positive picture from households contrasted with a more gloomy view about the state of the economy more broadly.
Retail insolvencies set to surge as Budget bites, experts warn December 30, 2024 A wave of insolvencies could be coming to the retail and hospitality sectors next year as businesses crumble under the tax bill brought on by Labour’s Budget, bosses have warned. Insolvencies and restructuring could rise further over the start of 2025 as firms face increased cost pressures, industry experts have said, with the retail, hospitality [...]
Drop in Boxing Day footfall ‘signals return to declining pre-covid levels’ December 27, 2024 The slump in the number of people heading to the shops during Boxing Day sales signals a return to declining pre-pandemic levels, an analyst has said. Boxing Day shopper footfall was down 7.6 per cent from last year across all UK retail destinations up until 8pm, MRI Software’s OnLocation Footfall Index found. However, this year’s [...]