Hawes & Curtis Shifts Focus to Casualwear Amid Profit Drop
Hawes & Curtis, a menswear retailer, reports a 66% drop in profits to £4.85m due to rising costs. Despite...
profits drop
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...
Gymshark Faces 38.7% Profit Drop Amid Rising Costs and Economic Challenges
In a recent announcement, Gymshark reported a 38.7% drop in profits for the year ended July 2022, attributing it...
Boohoo Warns of Continued Sales Decline and Profit Drop Amid Economic Challenges
Boohoo warns of lower sales for the rest of the year due to rising costs and weaker-than-expected demand, with...
Industry-Wide Inflation Looms as Morrisons Reports 37.1% Drop in Profits
In a recent announcement, Morrisons predicts widespread price hikes in the retail industry due to ongoing HGV driver shortages...
Marks and Spencer Reports 17% Drop in Profits Amid Clothing Sales Slump
Marks and Spencer reports a 17% drop in profits to £176.5m for the first half of the financial year...
Ted Baker Reports 193.9% Profit Drop and 35% Share Plunge
Ted Baker shares plummet 35% today as profits drop 193.9%, reaching a £23m loss due to restructuring costs and...
M&S on the Brink of FTSE 100 Exclusion
Marks and Spencer faces potential removal from FTSE 100 index unless share prices rise by September 4th. The company...
Morrisons Reports Third Year of Sales Growth Despite Profits Drop
Morrisons, one of the UK's Big Four supermarkets, has reported a 4.8% increase in sales for the third year...
Superdry Faces Profit Drop, Considers Store Closures Amidst Challenges
Superdry, a popular fashion retailer, has issued a profit warning as pre-tax profits dropped 49% to £12.9 million in...