RedLeg Spiced Rum, Trove Vodka and Blackwoods Gin maker Distil reports profit plunge April 11, 2024 Sales between January to March fell 47 per cent year-on-year, despite an overall eight per cent rise in full-year volumes.
Has Tesco benefited from people trading down? April 10, 2024 Britain’s largest supermarket Tesco made a profit of £2.8bn - up £300m on the prior years figure - as the grocer said a slew of price cuts helped attract customers.
Ryman: Losses widen at retailer owned by former Dragons’ Den star Theo Paphitis April 10, 2024 Losses widened at Ryman, the stationery retailer owned by former Dragons' Den star Theo Paphitis, despite an increase in sales.
Tesco’s profit surges as lower prices draw in consumers April 10, 2024 Britain’s biggest supermarket, Tesco, has traded in line with raised expectations, posting a total operating profit of £2.8bn for the full year. This morning, chief Ken Murphy thanked a slew of price cut schemes for the lift, which saw profit exceed the board’s expectations by £50m last year. Group sales were up 7.4 per cent [...]
Five graphs that explain the UK economy ahead of GDP, inflation and unemployment data April 10, 2024 The great challenge for the UK economy is to restore some degree of growth following a very sluggish 2023.
Asos under pressure as Gen Z shoppers switch to Shein April 9, 2024 Clive Black, analyst at Shore Capital, told City A.M. Asos has come off the back of three “really hard years” and is facing increased competition from Far East rivals Shein and Temu.
Mike Ashley’s Sports Direct locks horns with Premier League club Newcastle United over replica kits April 9, 2024 The club has refused to supply Sports Direct - and its former owner Mike Ashley - with its upcoming replica kit, as it now has an exclusive retail arrangement with JD Sport.
Next and Mike Ashley’s Frasers Group mull Ted Baker rescue deal April 9, 2024 Mike Ashley’s Frasers Group and Next have reportedly expressed interest in buying Ted Baker.
Early Easter boosts retail as Brits splash out on food and homeware before summer April 9, 2024 Retail leaders also issued warnings about impending costs such as the rise in minimum wage and business rate hikes, urging the government and Labour to take more action ahead of the General Election.
The Very Group hires former Fenwick boss as new chief April 9, 2024 The Very Group has appointed the former boss of department store chain Fenwick as its new chief executive.