John Lewis Reports £234m Loss, Cuts Staff Bonus Amid Inflation Impact and Job Cuts
John Lewis reports a staggering £234 million loss in full-year results, down from last year's £27 million, with inflation...
Monthly Archives: March 2023
UK Spring Budget: Corporation Tax Rises to 25%, Energy Price Guarantee Extended
In a bid to deliver "long-term, sustainable, healthy growth," Chancellor Jeremy Hunt announces corporation tax will rise from 19%...
Liverpool One Defies National Trends with 16.5% Sales Increase and Strong Footfall
Liverpool One defies national trends with a 16.5% sales increase this year, outperforming the country's average 5.2% rise, according...
CMA Warns of Potential Price Increase from Asda’s Acquisition of Co-op Petrol Stations
The Competition and Markets Authority (CMA) has identified competition concerns with Asda's acquisition of 132 petrol stations owned by...
H&M’s Q1 Net Sales Up 12% Amid Cost-Cutting Measures and US Resale Partnership
H&M reports a 12% increase in net sales, reaching SEK 5.4bn (£423.7m), with a 3% rise in local currencies...
Inditex Sales Soar 17.5% in FY22: Strong Results for Zara’s Parent Company
Inditex, the parent company behind Zara, reports a 17.5% increase in sales for FY22, reaching €32.6bn ($34.8bn). Online sales...
New Chief Financial Officer for Burberry Announced
In a major shakeup at Burberry, Kate Ferry has been appointed as the company's new Chief Financial Officer and...
M&S Expands Nobody’s Child Pop-Ups Across UK Stores
Marks and Spencer plans to expand its fashion brand Nobody's Child to 30 stores across the UK from March...
UK Retail Footfall Drops 7% Amid Severe Weather Conditions
Severe weather conditions caused a -7% decline in UK retail footfall last week, significantly worse than the previous week's...
Mamas & Papas Partners with Kit & Kin for Eco-Friendly Products
Starting Monday, nursery brand Mamas & Papas partners with eco-conscious company Kit and Kin, offering their sustainable nappies made...