Wayfair more than halves UK workforce in two years July 28, 2025 Online retail giant Wayfair has more than halved the number of people it employs in the UK in the space of two years, it has been revealed. The UK division of the US homewares and furniture seller had a headcount of 405 at the end of 2024, compared to 587 in 2023 and 847 in [...]
UK retail sales bounce back as Brits enjoyed warmest June on record July 25, 2025 Sales for UK retailers rose last month as Britons enjoyed the warmest June on record, which helped drive sales of food and drink, according to official figures. The Office for National Statistics (ONS) said overall retail sales volume rose by 0.9 per cent in June, following a 2.8 per cent fall in May, as consumers [...]
Lionesses fever sends shirt sales skywards ahead of Women’s Euro final July 24, 2025 The Lionesses’ run to the Women’s Euros final has triggered a scramble for shirts and other merchandise, with sales far higher than even during the team’s 2023 World Cup run. Global retailer Fanatics, which operates England’s official stores, said that sales of Lionesses products were up 41 per cent on the same stage at the [...]
How a slow burning legal battle could cost UK supermarkets millions July 24, 2025 UK supermarkets are struggling through turmoil but quietly in the background, an ongoing legal battle is unfolding that could cost them millions
Alphabet and Tesla to kick off pivotal week for the Magnificent Seven July 23, 2025 The high-stakes earnings season for the Magnificent Seven tech giants begins on Wednesday, as Tesla and Alphabet report after the closing bell. With both companies under pressure to justify elevated valuations and market leadership, their results could set the tone for the rest of the sector’s global heavyweights – and for equity markets more broadly. [...]
Demand for strawberries and cider help grocery sales surge July 23, 2025 Sales at UK supermarkets surged in June as shoppers splashed out on summer staples like strawberries and cider. Total till sales growth at the grocers soared 5.8 per cent in the four weeks ending July 12, up from 3.8 per cent growth in June, according to new data released today by NielsenIQ (NIQ). “With three [...]
Business lender Shawbrook plots £2bn London IPO July 23, 2025 Shawbrook is lining up a London IPO in the second half of the year in a much-needed boost to the capital’s public markets. The business lender is pressing ahead with plans that target a valuation of as much as £2bn, according to the Financial Times. The firm’s private equity owners had been seeking an exit [...]
The Works: Shares triple in value after ‘living to fight another day’ July 22, 2025 Shares in The Works have more than tripled in price in the space of four months after recovering from investors questioning “its relevancy in modern retail”. Stock in the West Midlands-headquartered company was priced at 20p towards the end of March but their value has rocketed since then and are now changing hands for more [...]
Decathlon: Losses almost double amid ‘significant transformation’ July 22, 2025 Losses almost doubled at Decathlon during its latest financial year as a “significant transformation” impacted its sales. The retailer has reported a pre-tax loss of £23.7m for 2024, according to new accounts filed with Companies House. The total comes after Decathlon also posted a loss of £11.9m for 2023. The business last achieved a pre-tax [...]
Lionesses and late licences set to deliver £135m boost to UK economy July 22, 2025 Pubs will be allowed to stay open until 1am tonight for the Lionesses’ Women’s Euros semi-final with Italy as the UK economy gets set for a boost of more than £135m. The Home Office announced plans in May to extend licensing hours if England reached the last four of the tournament and they were approved [...]