Retail bosses warn of dumping from Chinese firms into Europe April 14, 2025 UK retail bosses have warned that Trump’s tariffs will cause low-quality goods to be dumped into Europe from China via distributor sites like Amazon. Unable to sell competitively in the US due to US President Donald Trump’s 104 per cent tariffs on goods from China, as well as his decision to end the de minimis [...]
Bond Street dethrones Milan with Europe’s most expensive retail rent April 10, 2025 London’s Bond Street has been crowned Europe’s most expensive street to rent, stealing the top spot from Milan. In 2024, Bond Street reported a 20 per cent uplift in prime headline rents, taking its benchmark prime rent to €15,333 (£13,162) per sqm. It has overtaken Milan’s Via Monte Napoleone (£12,872 per sq m), which held [...]
FTSE 100 retail giant Next passes £1bn profit milestone for the first time March 27, 2025 Next has joined a small group of UK retail companies in reporting more than £1bn in annual profit. The high street bellwether told markets this morning that its profit before tax for the year to January 2025 was £1.01bn, up 10.1 per cent year on year. Its share price rose more than eight per cent [...]
Retail sales plummet as trade fears and taxes weigh on confidence March 25, 2025 Retail sales dropped in March and are expected to fall further as low confidence worsens a decade-long decline in retail. Sales volumes in the UK dropped “markedly” in the year to March, according to the CBI’s latest trading survey. It was the sharpest drop since last July and marks the sixth consecutive months of decline, [...]
Profit jumps at electrical retailer AO World March 25, 2025 Profit has risen more than twice as fast as sales and far outstripped revenue growth at online electrical retailer AO World. The company told markets this morning that it expects retail revenue to increase by around 12 per cent in the 12 months to March 31. It expects like-for-like revenue to increase by around seven [...]
Kingfisher: French trading dampens performance of B&Q owner March 25, 2025 Kingfisher, the parent company of B&Q and Screwfix, has reported a drop in sales driven by the weak consumer market in France. Sales fell 1.5 per cent to £12.78bn in the year ended January 31, Kingfisher told markets this morning. This drop was overwhelmingly driven by a 6.2 per cent drop in sales in France, [...]
JD Sports: Nike woes could spell trouble for retailer says broker March 24, 2025 London broker Peel Hunt has downgraded its forecast for JD Sports ahead of the company’s full-year results next month due to short-term industry issues. Peel Hunt cut its projected profit before tax and earnings per share for JD Sports by three per cent for the financial year 2026. The broker attributed the downgrade to an [...]
Asos shares spike on positive trading update March 21, 2025 Asos shares rose by over a fifth this morning after the company posted a better than expected market update. The e-commerce retailer told markets that it expects a “significant improvement in profitability” this year, adding that its own brand full-price sales have returned to growth. Investors reacted positively to the news. Asos’ share price had [...]
Profits at DFS shoot up as retailer grabs market share March 13, 2025 DFS has swung back to profit as demand for home furniture has recovered. Share in the sofa retailer rose more than 13 per cent in early trades. The company told markets this morning that underlying profit before tax nearly doubled to £17m in the 26 weeks to December 29, up from £8.7m last year. Last [...]
Deliveroo reports first full year of profit March 13, 2025 A bump in the number of people ordering takeaways and groceries in the UK and Ireland helped Deliveroo swing to a profit last year. The food delivery company told markets this morning that gross merchandise value (GTV) increased by five per cent to £7.4bn in the year ended December 31, up from £7bn last year. The [...]