Superdry drafts in PwC to help with debt after profit warning and sales slump January 16, 2024 Superdry has drafted in advisors to help explore its debt-raising options, following a profit-warning posted last month by the firm.
Ocado: Marks-linked grocery tech giant cheers bumper online Christmas orders January 16, 2024 Ocado Retail, the grocery delivery service owned in a joint venture with Marks and Spencer, said it would return to positive EBITDA for the full year, as customers fall back in favour with the brand
THG signs fulfilment deal with Holland & Barrett and sees Q4 sales growth January 16, 2024 THG saw revenue growth of 1.1 per cent across the ‘golden quarter,’ it told markets this morning. Group revenue hit £597.9m in the quarter, with sales across the full financial year ending in December at £1.98bn. THG’s Q4 performance represented the best quarter of this financial year and the firm this morning hailed a “pleasing [...]
Moving markets: Five things shaping the FTSE 100 today January 16, 2024 Asian stocks decline, the greenback strengthens, and oil prices surge amidst rising Middle East tensions. Focus sharpens on the UK labor market data.
Superdrug market share hits 10-year high as savvy shoppers boost sales January 15, 2024 High street chemist Superdrug now holds 40 per cent of the mass market share in cosmetics, as shoppers seeking out cheaper beauty alternatives help propel sales.
In The Style: Why fast-fashion brand once worth over £100m was forced to sell itself in cut-price deal January 15, 2024 The full financial challenges that faced fast-fashion brand In The Style before it was forced to sell itself to avoid administration have been revealed for the first time.
Fragrance Direct predicts return to growth after ‘challenging year’ January 15, 2024 Fragrance Direct has said it expects its performance to improve over the coming months after blaming its fall in sales on a number of factors including the cost-of-living crisis.
FTSE 100 today: London markets brace for muted start amid thin U.S. holiday trading January 15, 2024 Asian markets decline in response to sparse U.S. holiday trading; China's central bank maintains stable lending rate; investor attention shifts towards Q3 earnings and China's Q4 GDP figures,
Battersea Power Station welcomes 11 million visitors in boost for retail January 14, 2024 Battersea Power Station welcomed over 11 million visitors last year, as shoppers flocked to the former derelict building.
Sainsbury’s launches new EV charging unit to address UK shortage January 12, 2024 Sainsbury's has today launched a new EV charging business designed to give customers access to chargepoints at its stores.