Pepco Q1 revenues hit €1.9bn as it warns on Red Sea disruption
The Pepco Group has posted record Q1 revenues of €1.9bn (£1.63bn) up 10.8% and boosted by new openings. It comes despite group like-for-like (LFL) revenues declined 2.3% in Q1, but with an improving...
View ArticleJohn Lewis warns staff could face smaller pay rises
John Lewis has reportedly warned staff that they may face smaller pay rises under new salary policies as it continues its turnaround strategy, according to The Telegraph. The outlet reported that the...
View ArticleStorm Isha dampens early week footfall
Battering winds from Storm Isha hit retail over Sunday and Monday with footfall across all UK retail destinations down -4.6% on the week previous and down -5.1% on 2023 levels, according to the latest...
View ArticleQuiz blames inflation amid Xmas sales dip
Fashion retailer Quiz has blamed “inflationary pressures” for negatively impacting its sales performance during Christmas trading as its group sales decreased 11% to £8.8m. In a trading update for the...
View ArticleN Brown Group appoints new chief people officer
N Brown Group, the fashion and homeware digital retailer, has appointed Natalie Rogers as the business’ new chief people officer. Rogers will lead the People function and team, with a focus on fully...
View ArticleRetail accounted for 19% of 2023 UK administrations, study finds
The retail sector accounted for 19% of administrations in 2023 – the highest industry in the UK, according to analysis by full-service law firm Shakespeare Martineau. A total of 1,641 businesses, 239...
View ArticleShop price inflation drops to lowest level since 2022
Shop Price annual inflation eased to 2.9% in January, down from 4.3% in December, marking the lowest level since May 2022. It comes as non-food inflation fell to 1.3% in January, down from 3.1% in...
View ArticleLloyds Pharmacy enters voluntary liquidation
Lloyds Pharmacy has entered voluntary liquidation owing its 514 creditors over £293m. As first reported by Chemist and Druggist, the company – which is now known as Diamond DCO Two Limited – filed...
View ArticleSainsbury’s boss to unveil new cost saving targets
Sainsbury’s boss Simon Roberts is reportedly set to unveil the next phase of its strategy next week which is thought to include a new set of cost saving targets, according to Reuters. The outlet...
View ArticleAvalara Tax Changes 2024: Be aware of the upcoming compliance issues
Businesses should be alert to important changes to the tax compliance landscape in the year ahead. Avalara Tax Changes 2024 is a comprehensive report covering upcoming compliance issues and challenges...
View ArticleJan supermarket sales remain buoyant
Total Till sales at UK supermarkets experienced continued growth (+6.6%) in the last four weeks ending 27 January 2024, according to new data released today by NIQ. The firm said the increase is...
View ArticlePrimark to invest £100m into UK stores
Primark has announced it is to invest more than £100m in its UK stores in 2024, as it marks 50 years on the Great British High Street. The news includes more than £75m of new investment in UK retail...
View Article24 million will skip Valentine’s Day gifting
Valentine’s Day has traditionally been a retail bonanza for retailers as spouses, partners and would-be lovers demonstrate their affection with cards and gifts – but are retailers now carrying a torch...
View ArticleDobbies appoints Andy Hannan as commercial director
Dobbies, the garden centre retailer, has appointed Andy Hannan as commercial director to lead its new strategy. With “extensive experience” from across the retail sector, Hannan has previously held...
View ArticleWet weather sees footfall slump 5.2%
Heavy rain and snow across some parts of the UK saw footfall drop 5.2% across all retail destinations when compared with the previous year, according to the latest data from MRI Springboard. Footfall...
View ArticleInflation remains steady at 4%
Inflation remained unchanged at 4% in January, despite forecasters expecting a slight rise as falling food prices offset an increase in the energy cap, according to the latest figures from the Office...
View ArticleMytheresa outperforms market despite falling profits
Luxury clothing retailer Mytheresa has hailed its Q2 performance as it said it “outperformed almost all competitors” despite posting an operating loss of €4.4m (£3.7m). For the second quarter ended 31...
View ArticleNew season, new start – what’s next for the retail sector
As retailers look to unveil the new products of the season, there is an opportunity to start afresh – and consider how best to evolve operations to meet the demands of an ever-evolving breed of...
View ArticleBP appoints David Phillpot as European convenience trading director
BP has announced the appointment of David Phillpot as convenience trading director, Europe. Phillpot joins the firm from M&S and brings over 25 years of experience in diverse food retail roles. In...
View ArticleURW secures 12 lease signings for Centrale & Whitgift
Unibail-Rodamco-Westfield (URW) has announced 12 new signings for Centrale and Whitgift including London’s first Loupe store, alongside a number of key renewals including international and British...
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