Latest finance news – Page 28
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NewsTopps Tiles has returned to sales growth as CEO announces retirement
Topps Tiles has reported surging sales during the first quarter as the search for a new chief executive begins to succeed long-serving boss Rob Parker.
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NewsSeasalt has posted ‘impressive’ sales growth but warns of Budget pressures
Cornish clothing brand Seasalt has recorded “impressive sales” over the festive trading period, with online, stores, wholesale and marketplace partner sales all increasing.
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NewsThe Cotswold Company has posted strong Christmas growth 'ahead of market'
The Cotswold Company has posted a strong sales rise during the Christmas trading period as its investment in bricks-and-mortar showrooms pays off.
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NewsTesco, Sainsbury’s and Lidl post strong growth in Christmas trading
Average household spending on groceries hit a record high of £460 during Christmas trading according to the latest grocery sales figures from Kantar.
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NewsNext has upped its guidance but warns of 'unwelcome' price rises
Next delivered a bumper Christmas performance, leading to an increase in its full-year profit guidance, but it warned that it would offset the incoming rise in wage costs by increasing the price of its clothing.
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NewsB&Q has bought five more Homebase stores
B&Q has reached an agreement to purchase five more Homebase stores for £2.5m, following the retailer’s collapse into administration in November.
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NewsAldi hails ‘best ever’ Christmas as customers trade up
Discounter Aldi has recorded its best-ever Christmas and said customers marked the festive season by trading up to premium own-label products.
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NewsBen Sherman owner has snapped up Laura Ashley from Gordon Brothers
British fashion and lifestyle retailer Laura Ashley has been acquired by New York-based Marquee Brands, the owner of British clothing brand Ben Sherman, from Gordon Brothers.
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NewsBrompton boss says bike industry ‘in turmoil’ as profits nearly wiped out
The chief executive of Brompton has said the industry is “in turmoil” and predicted that 2025 will be another tough year after profits nosedived.
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NewsHush sales and profits have fallen but it remains ‘committed’ to growth
Hush has reported falling sales and swung to a loss during the full year as the ongoing cost-of-living crisis continued to take toll.
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NewsRevolution Beauty enters ‘confidential settlement’ with former shareholder
Revolution Beauty has announced that it has entered into a “confidential settlement” with a former shareholder, Chrysalis Investments Limited.
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NewsBarbour’s profits are up despite a dip in sales
Barbour has reported a rise in profits for the full year despite a dip in sales as it remains laser-focused on being the go-to British lifestyle brand.
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NewsThe Perfume Shop has seen a ‘successful’ Christmas trading period
The Perfume Shop has recorded another successful Christmas as 2 million bottles of perfume were sold between November 28 and December 24.
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NewsLidl celebrates its ‘most successful Christmas yet’
Discount supermarket Lidl has recorded its “most successful Christmas yet” as year-on-year sales and turnover increased.
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NewsNearly 170,000 UK retail workers lost their jobs in 2024
Almost 170,000 UK retail workers lost their jobs in 2024, according to data from the Centre for Retail Research.
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NewsIssa brothers are considering a multibillion US listing for their forecourt empire
The Issa brothers are looking at a potential £13bn US listing for their petrol station empire, EG Group, despite the business originating in the UK.
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NewsFootfall on peak shopping day rises as shoppers enjoy ‘last splurge’ ahead of Christmas
The peak shopping day before Christmas, December 23, has proved a hit for retailers
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NewsQuiz is quitting the stock exchange to cut costs
Fashion retailer Quiz intends to cancel its listing on the AIM stock market and operate as a private company instead.
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NewsBoohoo has strengthened its balance sheet with office sale
Fashion retailer Boohoo has sold its office in London, helping the retailer to bolster its balance sheet.
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NewsBRC has warned of a ‘challenging year’ to come for retailers
Trade body the BRC has cautioned that a difficult 2025 lies ahead as jittery consumer confidence and rising costs pile pressure on retailers.