UK retail sales ticked up in August in a summertime boost September 3, 2024 UK retail sales ticked up in August, according to fresh data, after consumer confidence was boosted by good weather.
Harrods passes £1bn mark as Qatari owners get £180m pay day despite falling profit September 2, 2024 Sales jumped to £1bn at the company behind luxury department store Harrods during its latest financial year, but profit was slashed over the same period, it has been revealed. The London icon posted a turnover 8.2 per cent higher for the year to 3 February, 2024, according to newly-filed accounts with Companies House, compared to [...]
Vertu Motors warns on profit as UK’s new car market hits the brakes September 2, 2024 Chief executive Robert Forrester insisted he was "pleased" with Vertu's performance, despite a slowdown in new car sales.
What it takes to forage for gold in a growing health and wellness market September 2, 2024 For start-ups, the hunt for capital can be difficult. It can be so difficult, most entrepreneurs turn to credit cards to find the money.
Oasis ticket-selling websites hit with outage issues August 31, 2024 Oasis fans face a struggle to secure general sale tickets for the band’s comeback tour as booking websites experienced outages.
Burberry’s fall out of the FTSE 100 is about much more than a challenging market August 30, 2024 Burberry is set to drop out of the FTSE 100 in its quarterly reshuffle, which will be based on market caps as of 2 September. It’s an unfortunate if not surprising turn of events for the UK’s only luxury fashion brand, which has seen its share price drop nearly 75 per cent in the last [...]
Naked Wines boss ‘excited about the future’ as the company goes ‘back to basics’ August 30, 2024 Over the last year, Naked Wines has undergone a painful restructuring process, with measures to reduce costs, stock, and advertising spending in what it called a “pivot to profit.” In December 2023, the company warned that it might not be able to pay its debts if it didn’t manage to make a turnaround work. Now, [...]
Easing inflation helps retail footfall in August despite riots August 30, 2024 Retail footfall in the UK was boosted by good weather and easing inflation in August, despite the effect of the violent riots which erupted earlier in the month. Total UK retail footfall fell by 0.4 per cent in August year-on-year, compared to an annual drop of 3.3 per cent in July, according to the British Retail Consortium (BRC). It’s [...]
What’s Next: Retailer seeking appeal but does it stand a chance? August 28, 2024 Next lost a major equal pay case this week, resulting in an estimated £30m bill to foot but what does this mean for businesses? Lawyers tell City A.M. that the ruling is a "worrying precedent for employers"
Victoria Beckham’s beauty brand bucks luxury fashion downturn again August 28, 2024 Victoria Beckham’s eponymous beauty brand has reported its third consecutive year of double-digit growth, bucking the trend of much of the luxury market. Its positive results came after it clambered out of the red in 2022 for the first time since its inception in 2008, despite a tough industry. Total revenue rose by 52 per [...]