Card Factory Reports £14.6m Drop in Profits Amidst Rising Costs and Weak Pound
In a challenging retail environment, Card Factory's profits dropped by £14.6 million due to rising wage costs and the...
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UK Retail Sales Show Mixed Results in March
UK retail sales saw a 1.4% increase in March compared to last year, according to KPMG, with Easter not...
Iceland Bans Palm Oil in Own-Brand Products by End of 2018
Iceland, a popular frozen food supermarket chain, has announced its decision to eliminate palm oil from all of its...
Half of Brands Face Counterfeiting Challenges, Study Finds
Half of brands face significant sales losses due to counterfeit goods, reveals a study by MarkMonitor and Virtuous World....
Mothercare Considers Store Closures and CVA Amidst Turnaround Efforts
Mothercare is considering closing a third of its stores and reducing rents through a Company Voluntary Arrangement (CVA), potentially...
Dominic Chappell to Sue Philip Green Over Insolvency Service Ban
Former British Home Stores owner Dominic Chappell plans to sue retail magnate Philip Green and contest a proposed boardroom...
Pension Auto-Enrolment Hits Small Firms Hardest, Says FSB
Small businesses and startups are facing a significant challenge due to the doubling of auto-enrolment employer pension contributions, according...
Bestway Wholesale Acquires Conviviality Retail Brands
In a last-minute deal worth £7 million, Bestway Wholesale has acquired Conviviality's retail brands, saving 2,000 jobs. This comes...
Bestway Acquires Conviviality’s Retail Arm: Saving 4,000 Jobs
Lead: Cash and carry wholesaler Bestway is set to acquire Conviviality's retail chains, including Bargain Booze, saving around 2,000...
Co-op Profits Soar as Membership Grows and Business Thrives
Co-operative reports a 25% increase in underlying profit before tax, reaching £72m, while revenues remain steady at £9.5bn. Like-for-like...