John Lewis pushes turnaround plan back two years as losses narrow September 14, 2023 Losses at John Lewis have shrunk but the struggling retailer warned that its ambitious partnership plans have been pushed back two years.
Trainline shares soar as £2.6bn ticket sales help shrug off rail strike chaos September 14, 2023 Trainline’s shares soared more than 12 per cent this morning after the firm unveiled a £50m share buyback scheme on the back of booming ticket sales. Group net ticket sales at the online retailer grew by nearly a quarter to £2.6bn in the six months to August, taking revenues to £197m, a 20 per cent [...]
Mark Kleinman: Wilko’s demise, the FTSE chair merry-go-round and Bink’s breakup with Barclays September 14, 2023 Mark Kleinman gets the Square Mile talking in his weekly column for City A.M.
Mark Kleinman: The inquest into Wilko’s demise has only just begun September 14, 2023 Mark Kleinman is City editor at Sky News Inquest into Wilko’s demise has only just begun Few things elicit British consumers’ sentimentality like the imminent disappearance of a once-proud high street name. For Woolworths in 2009 and BHS in 2016, read Wilko in 2023. The sad fate of more than 10,000 employees at the family-owned [...]
Wilko brand set to be bought by The Range as carve up continues September 13, 2023 The Range is poised to buy the brand and intellectual property of Wilko, as the collapsed high street store continues to be carved up by competitors.
UK vape ban slammed as ‘own goal’ for the government September 13, 2023 Industry groups have slammed a looming government plan to ban disposable vapes, warning it is a threat to public health.
Poundland owner Pepco snaps up 71 Wilko sites after its collapse September 12, 2023 Poundland owners, Pepco, will acquire 71 Wilko sites to be transformed into Poundland chains. Yesterday, it was confirmed that all Wilko stores would vanish after a deal with HMV owner Doug Putman fell through due to over concerns about the costs of the retailer’s infrastructure. Rival discounter store chain B&M also bought 51 Wilko stores [...]
Wickes on track to hit guidance for year despite near 40 per cent fall in profit September 12, 2023 Wickes has said it continues to trade in line with expectations after recording a 0.7 per cent uplift in revenues to £827.7m, despite a near 40 per cent slide in profits before tax. The London-listed DIY and home improvement retailer was bolstered by sales in its Do It For Me (DIFM) offering, with sales up [...]
Grocery price inflation drops to its lowest level in over a year September 12, 2023 Grocery price inflation dropped to its lowest level in over 12 months, falling 12.2 per cent for the four weeks to September, new data shows.
Primark results: ABF investors to see if digital push paid off September 11, 2023 Primark owner ABF is set to publish its full year update tomorrow, with investors keen to see if the budget favourite will continue to impress.