Currys shares soar after retailer defies high street gloom Retail Shares in tech retailer Currys soared this morning after the firm released an upbeat Christmas trading update, defying wider gloom on the high street. The London-listed firm recorded a three per cent uptick in UK and Ireland revenue as it clawed a bigger market share from strong sales in mobile, as well as growth in [...]
JD Sports-owned Go Outdoors returns to profit but cuts more jobs Retail Go Outdoors, the retailer owned by FTSE 100 giant JD Sports, returned to profit as it cut more jobs in the wake of Chancellor Rachel Reeves’ tax hikes, it has been revealed. The business said it has reduced its headcount as it “faced significant cost headwinds” including the increase in the National Living Wage, a [...]
Temu: UK sales and profit double as Shein court battle looms Retail Sales and profit at the UK arm of Chinese online marketplace Temu almost doubled during its latest financial year, it has been revealed. For 2024, the division achieved a revenue of $63.2m (£46.3m), up from the $32.1m it achieved in 2023. New accounts filed with Companies House also show its pre-tax profit jumped from $2m [...]
‘It’s not a fair fight’: HMV boss issues Rachel Reeves Autumn Budget tax demand September 8, 2025 Chancellor Rachel Reeves has been urged to reform business rates in the Autumn Budget by the boss of HMV. Phil Halliday, in an up-coming episode of City AM‘s Boardroom Uncovered show, said the current system should be altered to make it fairer for UK retailers. The managing director added that businesses such as HMV are [...]
FatFace slims down workforce as brand returns to profit August 14, 2025 FatFace shed almost 300 jobs as it returned to profit in its first full year after being acquired by FTSE 100 giant Next. The retailer was snapped up by the Leicester-based group for £115.2m in October 2023 in a deal which saw it fall to an initially reported pre-tax loss of £3.2m in the 35 weeks [...]
Shoe Zone shares booted as Labour’s budget tax raid weighs August 13, 2025 Footwear retailer Shoe Zone has slashed its profit target in half for the full-year citing an overhang from Rachel Reeves’ 2024 Autumn Budget. The London-listed firm said in a trading update on Wednesday it expects pre-tax profit for the financial year ending September 2025 to be around £2.5m. This marks a stark drop from previous [...]
River Island saved from brink of administration but stores to close August 8, 2025 High street retailer River Island has been saved from the brink of administration after a High Court judge approved its restructuring plan
Hamleys: More loss-making stores closed by iconic toys seller July 9, 2025 Hamleys has closed another raft of loss-making stores as it battles to boost its bottom line. The retailer shuttered 29 shops during its latest financial year, having also closed 40 in the prior 12 months. Hamleys, which also opened 22 new locations in the year, now operates 11 stores in the UK and has 176 [...]
Clarks cuts over 1,200 jobs as sales fall by almost £100m June 30, 2025 Clarks cut more than 1,200 jobs as its sales slumped by almost £100m during its latest financial year, it has been revealed. The Somerset-headquartered shoe retailer has reported a revenue of £901.3m for 2024, down from the £994.5m it achieved in 2023. New accounts filed with Companies House also show that Clarks’ headcount fell from [...]
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 [...]