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 [...]
Greencore: Strawberry sandwich maker’s shares rise amid M&S cyber fallout Retail Shares in Greencore, one of the UK’s major convenience food manufacturers, have risen six per cent following Wednesday’s trading update which highlighted another strong quarter and a robust full-year performance. The FTSE 250-listed group, which supplies sandwiches, rolls and wraps – and notably, the viral Japanese sando-inspired strawberry and cream sandwich – to Marks & [...]
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 [...]
New Look owners line up Rothschild as high street chain prepares for possible sale August 24, 2025 The owners of New Look have appointed Rothschild to oversee a strategic review that could see the high street fashion chain change hands next year. Alcentra and Brait, which have controlled the retailer since 2020, tapped the investment bank after receiving unsolicited approaches from potential buyers, Sky News reported. No timeline has been set for [...]
Business rates are a relic of a bygone era. Reform them to save the high street August 22, 2025 Business rates are sinking Britain’s high streets - inaction is no longer an option for the Chancellor, writes Shevaun Haviland.
UK online SMEs confident despite economic headwinds August 21, 2025 A wave of online small and medium-sized enterprise (SME) entrepreneurs are showing confidence in their future, despite wider economic pressures, a new report from eBay UK suggests. The study found that nearly four in five, or 78 per cent, of online small businesses expect to see growth over the next 12 months, with a third [...]
Profit at Lucozade maker soars despite cost pressures August 19, 2025 Profit at Suntory Beverage & Food, which owns both Lucozade and Ribena, has been boosted by higher demand for sports refreshments and ready-to-drink alcohol. Turnover at the company, which has over 40,000 employees across its various subsidiaries, rose two per cent to £552m in the year ended 2024, according to its latest reports filed with Companies House. [...]
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 [...]
Is Claire’s about to disappear from the UK High Street? August 6, 2025 Claire’s accessories has filed for bankruptcy in the US and entered administration in France, stoking fears about its presence on UK high streets. The US-based fashion accessories and jewellery business filed for Chapter 11 bankruptcy in a court in Delaware, according to new documents. Chris Cramer, CEO of Claire’s, said the decision was “difficult” but [...]