King’s Coronation: Retailers Likely to See Limited Sales Boost
Lead: As the King's Coronation approaches, retailers may not see significant sales boosts due to consumers prioritizing cost-effective celebrations...
Monthly Archives: April 2023
Sainsbury’s Profits Drop Amid Inflation Battle Efforts
Sainsbury's reports a 62% drop in statutory pre-tax profits to £327m due to spending over £560m on keeping prices...
Boohoo Strengthens Board with John Goold Appointment
Boohoo appoints John Goold as independent non-executive director, chairman of Audit Committee: Boohoo has announced that John Goold will...
Kering Reports Mixed Q1 Results with €5bn Revenue
Luxury goods giant Kering reports a 2% increase in Q1 revenues at €5bn ($4.4bn), with Gucci's direct store sales...
Hotel Chocolat Reports Lower Sales, Focuses on Future Growth
Hotel Chocolat reports lower-than-expected sales for FY23 with breakeven underlying PBT, citing range gaps and a focus on "quality...
Frasers Group Unveils Amazon Prime Alternative with Studio Retail Acquisition
In a recent announcement at the World Retail Congress in Barcelona, Michael Murray, CEO of Frasers Group, unveiled plans...
M&S Invests £12.5m in London Stores, Creates 400 Jobs
Marks & Spencer (M&S) is investing £12.5 million into its London stores this year, creating 200 jobs and doubling...
Puma Reports 14% Sales Growth in Q1, Cites Strong Demand for Performance Categories and DTC Success
Sportswear giant Puma reports a 14% increase in first quarter sales, reaching €2.18bn (£1.93bn), driven by strong demand for...
Compostable Coalition UK Launches Research Project with Tesco, M&S, and Ocado Retail on Board
In a groundbreaking move, Tesco, Marks and Spencer, and Ocado Retail join Compostable Coalition UK's advisory board for their...
Screwfix Installs Defibrillators in All Stores and Trains Staff on CPR Skills with British Heart Foundation
Lead: Screwfix, a British trade tool retailer, partners with the British Heart Foundation to install defibrillators in all UK...