By: Amber Murray

Retail Reporter Amber Murray is a reporter at City A.M., covering retail, luxury and property stores. Prior to City A.M., she worked as a sub-editor for Fastmarkets and completed a Masters in Financial Journalism at City University. Please get in touch with stories/tips/coffees at amber.murray@cityam.com

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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 [...]
London’s store closures finally return to pre-pandemic levels

March 21, 2025

Retail closures in London stabilised last year after rising during the pandemic, according to a new survey. The capital lost about a store a day last year, with five stores closing and four new stores opening, according to PwC. Head of retail at PWC Jacqueline Windsor said the figures indicated “cautious optimism” for UK retail. [...]
Plans approved for £600m Euston Tower revamp

March 21, 2025

British Land’s plans to strip and redevelop Euston Tower in a £600m project have been approved by Camden Council. The tower, which was originally built in 1970 and sits next to Euston station, will undergo a complete revamp with new office space, restaurants and terraces. “We are delighted to receive planning consent for this incredible [...]
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 [...]
Consumer confidence ticks up but ‘little evidence’ of recovery

March 21, 2025

Consumer confidence rose by one point in March as Brits became more pessimistic about their own finances but more optimistic about the UK’s. The overall effect was to push confidence up to -19 in March, from -20 in February and -21 in March last year. The index remained below its long-term average. “If consumer confidence [...]
Norwegian oil fund buys a quarter of Covent Garden from Shaftesbury

March 20, 2025

Shaftesbury Capital has sold a quarter of Covent Garden to Norwegian oil fund Norges for £570m in the latest bet by Noway’s sovereign wealth fund on the capital. Under the terms of the contract, Norges Bank Investment Management (NBIM) will buy a 25 per cent non-controlling stake in the £2.7bn Covent Garden estate, which Shaftesbury [...]
DIY sales support Wickes as big-ticket items still off the table

March 20, 2025

Wickes has reported another drop in big-ticket home improvement sales as Brits continue to shy away from large purchases. The company also announced a new share buyback programme of £20m, which will start in April 2025. The retailer reported a one per cent drop in revenue in the year ended December 28, from £1.5bn last [...]
Bloomsbury: Fiction sales boost Harry Potter publisher

March 20, 2025

Harry Potter publisher Bloomsbury said its sales last year were ahead of market expectations and driven by success in its consumer division. Analysts had expected the firm to report a revenue drop of two per cent to £333.4m, as well as a twenty per cent drop in profit before tax of £39.6m in the year ending February [...]
Unilever accused of ousting Ben and Jerry’s chief over activism

March 19, 2025

Ben and Jerry’s has accused parent company Unilever of removing its chief executive David Stever over the firm’s political activism. In a court filing, the ice cream brand alleged that Unilever had violated a merger agreement by trying to silence its “social mission”, advocated by Stever. “Unilever has repeatedly threatened Ben & Jerry’s personnel, including [...]
All the pubs hiking the price of a pint after Budget tax raid

March 19, 2025

Shepherd Neame announced this morning that it would be forced to raise prices at its 290 pubs due to cost pressures from last October’s budget. The family business follows a host of other hospitality companies in raising prices, with the average price of a pint set to go up by six to eight per cent, [...]

Burnham would ‘probably’ have won by-election, says Powell

UK Sport: We invest £32m in winter sports because Britain cares deeply

Ministry of Sound: ‘industry is on the up’ as it reveals brand new take on The Box

By: Amber Murray

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