Dear government: Ecommerce isn’t killing the high street, rigid thinking is January 8, 2025 To revitalise the high street, the government needs to stop thinking as ecommerce as the enemy, writes Jordan Sullivan.
Mamas & Papas: Nursery brand reveals latest expansion amid record sales January 8, 2025 The festive season provided yet another boost in sales for high street nursery brand Mamas & Papas following a bumper year of trade thanks to the success of its deals with M&S and Next. The Huddersfield-headquartered firm today reported record sales during this year’s Golden Quarter, especially within its UK and overseas markets. It said [...]
Hornby: Mike Ashley-advised toy train giant steams ahead after festive boost January 8, 2025 Hornby, the international toy company advised by billionaire Frasers Group founder Mike Ashley, reported a boost in sales thanks to a bumper festive season and first-time customer attraction. The international models and collectables group told markets today it witnessed a seven per cent surge in group sales for the third quarter ended 31 December. Group sales for [...]
All change at Topps Tiles as sales return to growth and its chief retires January 8, 2025 Topps Tiles reported a return to sales growth during the golden quarter driven by trade demand, while its chief executive Rob Parker announced his retirement from the firm after five years at the helm. Sales in the golden quarter were up 4.6 per cent year on year, while sales in the shorter festive period – [...]
Seasalt: Cornish clothing brand bucks retail gloom over festive season January 7, 2025 Cornish retailer Seasalt has defied the despondent British high street and reported a significant uptick in sales over the Christmas season despite significant cost pressures. Total sales across online, stores, and marketplace partners like M&S increased by 10 per cent compared to last year in the last five weeks of the year, with every channel [...]
Bacardi: Martini maker shaken as UK drinkers move away from spirits January 7, 2025 UK drinkers ditching spirits in favour of wine, beer and non-alcoholic drinks has hit the sales of Bacardi, it has been revealed. The division of the Bermuda-headquartered drinks giant has said its performance has also been impacted by “a combination of post-Covid challenges, ongoing global conflicts and a tough economic environment marked by rising living [...]
Home Bargains billionaire pays himself over £1bn as sales and profit surge January 7, 2025 The billionaire owner of Home Bargains paid himself more than £1bn as sales and profit both jumped at the discount retail giant during its latest financial year. Tom Morris, who owns 98 per cent of Liverpool-headquartered TJ Morris, the firm behind the brand, received the vast majority of the £1.22bn in ordinary dividends and asset [...]
Coty: Rimmel and Max Factor owner slumps to £53m UK&I loss January 7, 2025 The UK and Ireland arm of Coty, the global beauty and cosmetics giant behind the likes of Rimmel and Max Factor, slumped to a loss of more than £50m during its latest financial year. The Kent-headquartered division has posted a pre-tax loss of £53.4m for the 12 months to 30 June, 2024, according to newly-filed [...]
Grocery spending hit record high at Christmas as Brits favour food over gifts January 7, 2025 Grocery spending hit a record high this Christmas as Brits dined out on premium goods and fizz, in a marked contrast to the anaemic growth in retail spending. Overall take-home sales at the grocers rose by 2.1 per cent over the four weeks to 29 December compared with last year. Brits splashed out on premium [...]
Next: FTSE 100 retailer hikes profit guidance but warns on costs January 7, 2025 Retail industry bellwether Next has upgraded its profit outlook for the year after sales and growth exceeded expectations during the Golden Quarter. The FTSE 100 company hiked its expected profit by five per cent as sales jumped six per cent in the nine weeks to 28 December, nearly double its previous guidance of 3.5 per cent. [...]