All News articles
Most recent first.
-
NewsRevolution Beauty hails ongoing ‘transformation’ as profits rise but sales dip
Cosmetics retailer Revolution Beauty has reported an increase in profits for the first half of the financial year despite declining sales amid “year of transformation”
-
NewsMulberry losses widen and sales slide as it looks to ‘rebuild’ and ‘reprioritise’ brand
Luxury fashion and accessories retailer Mulberry has reported deepening losses and falling sales as focus shifts on need to “reprioritise” and “rebuild” business.
-
NewsRetail leaders call on government to ‘mitigate harmful effects’ of Budget
Leaders from across the sector have signed a letter calling on the government to phase in changes to national insurance contributions to ease the burden on the retail from the Budget.
-
NewsAsos boss Ramos Calamonte receives bumper pay rise despite deepening losses
The boss of fashion giant Asos has received an almost 44% pay rise amid a turnaround at the retailer following mounting full year losses.
-
NewsHuel posts record sales and triples profits in year of ‘strengthening our foundations’
Huel’s sales for the 2024 financial year surged past £200m for the first time, as its profits more than tripled to £13.8m in the year. It also completed construction of its in-house manufacturing facility in Milton Keynes.
-
NewsFlying Tiger Copenhagen launches new app in the UK
Flying Tiger Copenhagen has launched a new app with along with “customer club” in the UK to improve the customer experience and offer better rewards for loyal customers.
-
NewsAllSaints shows commitment to bricks-and-mortar with raft of international store openings
Fashion retailer AllSaints is ramping up its international expansion strategy with a raft of new store openings worldwide.
-
NewsMorrisons pays down debt and extends revolving credit facility
Supermarket giant Morrisons has announced it has paid down a further £200m of debt and extended the maturity of its revolving credit facility to 2030, reducing its overall levels of debt.
-
NewsDecathlon enters strategic partnership with fashion giant in India
Decathlon has entered a new strategic partnership with Indian ecommerce platform Myntra to make products more accessible to customers across the country.
-
NewsAmazon has partnered with Asda to launch parcel pickup and returns at supermarkets
Amazon and Asda have teamed up to launch parcel pickup and label-free, box-free returns at over 700 of the supermarket’s stores across the UK.
-
NewsBoohoo has raised £40m to fuel its turnaround
Boohoo has completed a fundraising round to fuel its turnaround amid a boardroom bust-up with its biggest shareholder.
-
NewsSephora CEO wants to open at least 20 UK stores in the next few years
Sephora’s CEO has announced it is aggressively expanding its UK market presence, aiming to challenge established players like Boots.
-
NewsShein is targeting early 2025 for blockbuster London float
Shein, the fast-fashion ecommerce giant, is reportedly preparing to launch its massive £50bn IPO on the London Stock Exchange in early 2025.
-
NewsBoohoo scrutinised for returning to a supplier it struck off after a modern slavery scandal
Boohoo is facing renewed scrutiny over its ethical practices after rekindling a relationship with a supplier it cut ties with in the wake of a modern slavery scandal.
-
NewsLidl increases investment in British made food to £21bn
Discounter Lidl says it is “on track” to increase its investment in British food to £21bn by the end of the year, exceeding its original five-year target by 40%.
-
NewsFour in 10 retail workers are worried about their safety during the festive season
Four in 10 retail employers are concerned about their safety ahead of the Christmas rush, according to a new report by YouGov and Motorola Solutions.
-
NewsAmazon has launched a new low-cost online service in the US set to rival Shein and Temu
Amazon has launched a new online service offering low-cost goods in the US which is set to challenge the likes of discount retailers Shein and Temu.
-
NewsB&M reports revenue growth as it is ‘well positioned’ ahead of peak trading
Value retailer B&M has reported a growth in sales and revenue as it said it is “well positioned” for golden quarter as it continues to focus on “price, product and standards”.
-
NewsWHSmith chief executive sees ‘exciting opportunities’ in American airports and UK hospitals
WHSmith chief executive Carl Cowling said he sees “exciting opportunities” for growth across North American airports and UK hospitals, following the retailer’s preliminary results for the year to August 31.
-
NewsBoohoo chief executive says all options are on the table as he commences business review
Boohoo’s new chief executive Dan Finley said he is considering all options as the retailer commenced a review of the business after losses deepened.