UK retail sales pick up as summer finally heats up August 6, 2024 Retail sales returned to growth in July after the long-awaited summer boost for retail finally arrived along with the warmer weather. Total retail sales increased by 0.5 per cent year on year in July, up from the three-month average growth rate of 0.3 per cent, according to the British Retail Consortium (BRC)-KPMG Retail Sales Monitor [...]
Yum: KFC and Pizza Hut owner surges back into the black August 5, 2024 Yum! Brands, the owner of KFC and Pizza Hut surged back into the black last year after a bumper year for its brands.
Prada hails ‘outstanding’ UK sales amid luxury struggles August 5, 2024 The UK arm of Prada has hailed its "excellent" and "outstanding" performance despite the wider slowdown in luxury sales.
Regional REIT: Boost to bottom line as it looks beyond emergency capital raise August 5, 2024 Embattled real estate investment trust Regional REIT was given a boost from exchanges on six big leases in the three months to June, helping it achieve a double digit net rental uplift since the start of the year.
Societe Generale offloads UK and Swiss private banking units in latest sales August 5, 2024 French bank Société Générale has struck a deal to sell its UK and Swiss wealth management businesses to Geneva-based Union Bancaire Privée for €900m (£771m) as part of efforts to offload less profitable divisions.
The Queen of Shops: Helen Dickinson on Brexit, Labour and the changing face of retail August 5, 2024 Ali Lyon sits down with the head of the British Retail Consortium to discuss Brexit, Labour and the changing face of retail
From online to in-store: How retail is adapting to consumers August 3, 2024 The dual effects of the pandemic and the cost-of-living crisis, as well as the ever-improving technology on offer, have changed the way people shop and how retail adapts to customers.
Amazon says consumers cautious as it forecasts revenue below Wall Street targets August 2, 2024 Amazon reported slowing online sales growth in the second quarter and said cautious consumers were seeking out cheaper options for purchases, sending shares down nearly eight per cent.
Pets at Home: Revenue ticks up amid difficult year August 1, 2024 Total revenue at animal care retailer Pets at Home rose by one per cent to £441.1m in the 16 weeks to July 18, with like-for-like revenue up by 0.5 per cent.
Another one? Next hikes profit guidance again as sales soar ahead of expectations August 1, 2024 Department store Next has increased its profit guidance for the year as sales soared in its first half of its financial year.