Superdry cuts its losses despite tumbling revenues January 20, 2022 Revenues at fashion brand Superdry have dropped on a one-year and two-year basis, but losses are also down at the retailer.
How Instagram conquered the antiques world January 20, 2022 It was a classic case of love at first sight. Over breakfast I’d spotted my ‘forever-table’ on Instagram, and by that afternoon my partner and I were en route to a residential street in Brixton to pick it up. The caption gave some dimensions and the price; the seller’s bio read ‘shop via the grid’. [...]
WH Smith takes pandemic beating as spending dips at its travel stores in airports and train stations January 19, 2022 WHSmith has revealed the Omicron variant led to a fall in spending at its travel stores in airports and train stations during the final four months of 2021. The retailer added that high-street sales managed to improve during the same period – including in December as infection rates rose – however, overall, the company’s sales [...]
THG earnings margin anticipated to be below market expectations as quarterly revenue up January 18, 2022 E-commerce giant THG has said its adjusted core earnings margin would fall short of market expectations, in otherwise buoyant results on Tuesday. The retail group posted a 29.7 per cent jump in fourth-quarter revenue, setting it on a good course for the year However, THG blamed adverse currency movements as it forecast that adjusted core [...]
The future of tax in the UK, an expert view January 18, 2022 This article first appeared in ICAS’ CA magazine. Young businesses have the potential to drive post-pandemic recovery – but is the UK’s ageing tax system a help or a hindrance to entrepreneurs? Fraser Allen asks four experts to share their thoughts Earlier this year, the Institute for Fiscal Studies published a blunt assessment of the way [...]
Gold glints with opportunity as Federal Reserve mulls interest rate hike to combat rising inflation January 17, 2022 Impending increases in US interest rates could power gold’s performance over the coming weeks according to market analysts, with prices currently treading water at just over $1,820 per ounce.
China economy whacked by Omicron curbs and stalling property sector January 17, 2022 China’s economy is growing at the slowest pace in a year and a half as the world’s second largest economy contends with a concoction of headwinds, revealed official figures released today. Gross domestic product (GDP) jumped four per cent over the three months to December compared to the same period last year, the National Bureau [...]
Patagonia boss calls on businesses to ‘justify’ sustainability claims January 16, 2022 Patagonia’s boss has once again slammed businesses for greenwashing, a practice which sees companies inflate their sustainability to lure in consumers. The outdoors retailer, which has been making fleeces from recycled bottles since the 90s, in 2011 issued a full-page advert in the New York Times urging customers to rethink their Black Friday purchases, even [...]
Private equity firms readying bids for Boots after owner puts chain on sale for £7bn January 16, 2022 Private equity firms are readying to enter the auction for high street chemist Boots after its American owner Walgreens Boots Alliance put the chain on the market for £7bn.
Curry’s report ‘resilient performance against a softer market’ as online tech sales up 29 per cent January 14, 2022 Curry’s have reported a “resilient performance against a softer market” this morning, with peak online sales up 29 per cent in the run up to Christmas.