Finance News: Concerns over UK Stock Market Valuation and Retail Industry Updates
Lead: Redwheel, the top shareholder of Currys, warns of undervaluation in UK stock markets, sparking fears of foreign takeovers....
revenue increase
Retail News Roundup: John Lewis Salary Changes, Virgin Wines Growth, and Tesco Delivery Disruptions
John Lewis employees may face smaller pay rises as part of a turnaround strategy, with management gaining control over...
Deckers Reports Strong Q2 Growth, Boosts Sales Outlook
In Q2, Deckers, the owner of Ugg and sportswear label Hoka, experienced a 25% revenue increase to $1.09 billion,...
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...
Quiz Reports 17% Revenue Growth and Strong Online Performance
Quiz, an omnichannel fashion brand, reports a 17% revenue increase to £91.7 million for the year ended in March...
ShoeZone’s Revenue Surges Amid ‘Back to School’ Season and Cost-of-Living Crisis
ShoeZone reports a 31.2% increase in revenue to £156.2m from £119.1m last year, signaling a shift towards budget-conscious shopping...
ScS Reports Record Revenue Increase but Faces Challenges from Inflation and Reduced Consumer Confidence
ScS, a furniture retailer, reports an 8.6% revenue increase to £331.6 million for the year ended July 2022, but...
Marks and Spencer Faces Profit Challenges Amid Russia Exit
Marks and Spencer (M&S) predicts flat profits this year due to rising living costs and increased expenses. The company...
Sainsbury’s Profits Hit by External Factors and Supply Chain Issues
Sainsbury's warns of lower profits due to external pressures impacting consumer incomes; expects underlying profit between £630m-£690m for 2022/23....
Watches of Switzerland Group Reports Strong Q3 Sales Growth Amid Thriving Market Demand
Watches of Switzerland Group PLC reports a massive 27.9% revenue surge to £348.1m in Q3 FY22, up 36.5% from...