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 [...]
Footasylum: Profit almost triples as sales surge March 20, 2025 Profit at Footasylum surged by almost 200 per cent as its sales jumped to nearly £350m during its latest financial year, it has been confirmed. The Rochdale-headquartered retailer, which is backed by Germany-headquartered investment firm Aurelius Group, has reported a pre-tax profit of £17.2m for its year to 25 January, 2025. The figure comes after Footasylum [...]
JD Sports: Retailer partners with UFC ahead of London Fight Night March 17, 2025 UK retailer and FTSE 100 giant JD Sports has partnered with fighting organisation UFC in a deal that begins this weekend at London’s Fight Night. The Manchester-headquartered brand forms half of a European partnership, which will see it become a key partner across UFC despite it issuing a profit warning in January. JD Sports forecast [...]
Asos shares plunge as investors lose confidence March 17, 2025 Asos shares have slumped more than eight per cent in early deals this morning, extending losses recorded over the past few months as investors have lost confidence in the retailer’s turnaround plan. The e-commerce firm’s share price has dropped by a third in the last month and has fallen by half since the start of [...]
Boohoo rebrands as Debenhams in shift to a marketplace model March 11, 2025 Boohoo will rebrand to Debenhams as it shifts to a marketplace model to house its brands in the first phase of its turnaround plan. Shares in the company dropped just over three per cent on the news. The Manchester-based company has been struggling with low sales for its youth brands—Boohoo, PLT, and MAN—posting a pre-tax [...]
Klarna set for US IPO in snub to London markets March 6, 2025 Swedish fintech Klarna is looking to raise a minimum of $1bn (£777m) in a US initial public offering (IPO), sources told Bloomberg. Klarna’s US filing, which could come as soon as next week, will see the firm target a valuation of more than $15bn in the New York Stock Exchange, according to people familiar with [...]
Chelsea: Stamford Bridge to get Wetherspoons as MPs call for Abramovich raid February 27, 2025 Chelsea fans may be protesting about the price of tickets at Stamford Bridge but they’re set to see a cut in the price of a pint with JD Wetherspoon to open a boozer in the summer. Walham Green has been given a summer opening date and will sit on Fulham Road, just around the corner [...]
Retail stocks: Luxury pulls ahead while fast-fashion brands Asos and Primark lag February 20, 2025 Luxury stocks have started to outperform high streets brands once again as investors bet on a luxury upswing. Brands which struggled last year – like Burberry and Kering – are bouncing back, while brick-and-mortar reliant firms like Primark are struggling. The ten largest luxury retailers by market cap have seen their stock price rise by [...]
Enhanced Games: Trump invests in ‘doped Olympics’ February 13, 2025 The Enhanced Games, a drug inclusive alternative to the Olympics, has bagged Trump family funding as 1789 Capital leads a new funding round. The venture fund is led by investment bank Farvahar Partners CEO Omeed Malik, vice president JD Vance ally Christopher Buskirk – they co-founded The Rockbridge Network together – and the 47th President’s [...]
Super Bowl LIX: The adverts that cost $7m for 30 seconds February 8, 2025 Steve Howell of sports marketing agency Dark Horses takes us through this year’s Super Bowl LIX ads, featuring Beckham, Keoghan and Meg Ryan It’s a strange time for brands wishing to advertise. Technology designed to help consumers avoid commercials has never been more pervasive, whatever medium you choose. There are adblocker apps, browser extensions, unsubscribing [...]