Major Retailers’ Financial Updates and UK Economy Growth
Next is reportedly in the final stages of acquiring clothing brand FatFace for over £100 million, following recent acquisitions...
Monthly Archives: October 2023
Uniqlo Parent Company Fast Retailing Sees 20.2% Revenue Growth and International Expansion
Uniqlo's parent company, Fast Retailing, reports a 20.2% increase in year-on-year revenues at ¥2.7tn (£15bn) and operating profits up...
Arc’teryx Expands to Larger Covent Garden Flagship Store
Shaftesbury Capital has announced that Arc'teryx, a Canadian high-performance outdoor apparel brand, will be expanding to an 8,000 sq...
Hotel Chocolat Reports Revenue Drop, Focuses on Post-Pandemic Rebalancing
Hotel Chocolat reports a 10% revenue drop to £204.5m due to lower online and international sales, but UK store...
Pepco Group Reports €5.6bn Revenue Growth Amid Challenging Market Conditions
Pepco Group, owner of Poundland in the UK and Dealz brands in Europe, reports a 17.7% revenue increase to...
UK Economy Shows Slight Recovery in August
In a recent report from the Office for National Statistics (ONS), the UK economy experienced a modest growth of...
Next Nears £100m FatFace Takeover Deal: Latest in a Series of Acquisitions
TV Anchor: Breaking news tonight! Retail giant Next is reportedly close to acquiring clothing brand FatFace in a deal...
N Brown Reports 97% Drop in Profit Before Tax Amid Challenging Market Conditions
N Brown's profit before tax plummets 97% to £0.1m for the 26 weeks ended September 2023, citing challenging market...
Marks Electrical Reports 24.8% Revenue Growth Amidst Market Flatness
Marks Electrical reports a 24.8% increase in revenues to £53.9m for the first half of the year, driven by...
UK Retail News Roundup: Market Challenges, Business Sales, and Crime Concerns
Travis Perkins lowers its full-year earnings forecast due to a slowdown in housing and renovation activity, while Toolstation sees...