All articles by Chloe Mills – Page 35
-
NewsSosandar posts record quarter driven by ‘strong performance across all channels’
Fashion retailer Sosandar has posted a record golden quarter 23% increase in revenue year on year to £14.3m, up from £11.6m in the previous year.
-
NewsExclusive: London Designer Outlet Boxing Day sales hit record high
A total of 14 retailers have posted record-breaking Boxing Day sales at London Designer Outlet (LDO) at Wembley Park in the outlet’s “best trading day ever” as full-year sales also hit an unprecedented £99m, Retail Week can reveal.
-
NewsBoohoo eyes Leicester factory closure
Fashion giant Boohoo is mulling the closure of its Thurmaston Lane factory in Leicester and relocating its operations, according to reports.
-
NewsPandora hails ‘strong end’ to 2023 as trading beats expectations
Jewellery retailer Pandora has posted a “strong end to 2023” as sales during the golden quarter exceeded expectations and growth for the full year landed above guidance.
-
NewsMatalan commits £35m to lower prices on 700 products
Matalan has pledged to help families amid the ongoing cost-of-living crisis as it invests £35m in lower prices on more than 700 products.
-
NewsOxford Street overhaul gets go-ahead to start this year
Plans to overhaul Oxford Street with pocket parks, wider pavements and better crossings have been supported by residents and businesses and are on track to begin later this year.
-
News120,000 retail jobs lost in ‘exceptionally difficult’ year
UK retailers cut almost 120,000 jobs last year and store closures reached a total of more than 10,000 in what has been called an“exceptionally difficult” year, according to the Centre for Retail Research.
-
NewsExclusive: Ann Summers secures £8m funding
Ann Summers has secured £8m in fresh funding in a bid to boost its omnichannel offering and drive growth, Retail Week can reveal.
-
AnalysisNext vs JD Sports: two very different golden quarter stories
As Next upped its profit guidance again, on the same day JD Sports issued a profit warning. Retail Week explores the differentiating factors between the two
-
NewsTopps Tiles sales slip due to ‘ongoing challenges’
Topps Tiles has posted a dip in sales in its first quarter due to “ongoing challenges to discretionary consumer spending” as the cost-of-living crisis continues to take its toll.
-
NewsJD Sports issues profit warning after ‘soft’ peak trading
JD Sports has lowered its full-year profit guidance after revenue growth was hit by “milder weather”, “cautious” consumer spending and a peak trading season “softer” than anticipated.
-
NewsNext ups profit guidance again as sales soar
Next has upped its full-year profit guidance for the fifth time in eight months following “better than anticipated” full-price sales during November and December.
-
NewsVinted, eBay and Etsy sellers face new tax rules
Sellers on platforms including Vinted, eBay and Etsy now face new tax rules set by HMRC in a bid to crack down on tax evasion.
-
NewsIn The Style chief executive Adam Frisby steps down
In The Style founder and chief executive Adam Frisby has announced he is stepping down from his role after 10 years at the helm.
-
AnalysisThe fast-moving retail brands to watch in 2024
As 2023 draws to a close, Retail Week picks the top nine brands to keep your eye on as the calendar flips to 2024.
-
InterviewQ&A: Ann Steer on reinventing Freemans in a year of ‘aggressive’ transformation
Freemans chief executive Ann Steer speaks to Retail Week about a year of “aggressive” change for the business following the move that transformed Freemans from a traditional mail-order catalogue business to a modern digital department store
-
NewsScS shareholders vote through £99m sale to Poltronesofà
The £99m takeover of ScS by Italian sofa retailer Poltronesofà has been given the go-ahead after shareholders voted in favour of the deal yesterday.
-
NewsNovember sales boost reflects ‘tactical’ spending ahead of Christmas
Retail sales increased in November, helped by Black Friday and “increased spending in the run-up to Christmas each year”, according to the Office for National Statistics (ONS).
-
NewsTemu customers risk supporting ‘forced labour’, MP warns
Customers ordering “cheap gifts” for Christmas from Chinese-owned marketplace Temu are at risk of buying items made using forced labour, an MP has warned.
-
NewsNike plans $2bn cost savings as it posts soft sales outlook
Nike has outlined plans to make $2bn (£1.6bn) in cost savings over the next three years as demand slows and it looks ahead to a “softer” second-half sales outlook.