Latest finance news – Page 45
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NewsCarpetright is on the brink of administration with 2,000 jobs at risk
Carpetright is likely to be sold in a pre-pack administration as it teeters on the brink of collapse, putting around 2,000 jobs at risk.
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NewsUniqlo owner Fast Retailing is upping its profit expectations after record performance
Uniqlo parent company Fast Retailing has upped its full-year profit expectations after another record performance for the fashion giant.
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NewsSuperdry will delist from the London Stock Exchange next week
The delisting follows the approval of its restructuring plan by shareholders last month.
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NewsA British tycoon is nearing a deal to buy The Body Shop
A British Tycoon is said to be close to securing a deal to buy The Body Shop out of administration.
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NewsShein is launching a circularity fund as a decision on its IPO looms
Shein is launching a circularity fund as it looks to tackle fashion waste following criticisms over its supply chain and sustainability standards.
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NewsPepco revenues have dipped after supply chain disruption
Variety discount retailer Pepco has recorded a dip in like-for-like revenues as “company-specific issues” impacted sales.
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NewsHolland & Barrett sales have risen after a year of ‘excellent progress’
Holland & Barret has reported a growth in sales in all markets driven by investment in stores, technology and new product development as part of its transformation strategy.
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NewsNeptune is back in the black following a shake up of its management team
Neptune, the interiors brand chaired by former River Island CEO Will Kernan, is back in profit, Retail Week can reveal.
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NewsSuperdrug increases market share as profits and sales jump
Superdrug has grown market share for the third straight year. A focus on price and adding new stores has led to a jump in both pre-tax profits and sales.
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NewsShein tax ‘loophole’ is a concern, says new business secretary
The newly appointed business secretary has warned that the tax “loophole” being exploited by Shein is a cause for concern.
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NewsStore openings and concerts contribute to ‘strong’ first half at O2 Outlet
Outlet Shopping at The O2, previously known as Icon Outlet, has reported a “strong” first half as a result of new store openings and concerts driving footfall.
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NewsEU plans to impose customs duty may hurt Shein’s London float goals
The European Union’s plans to impose a customs duty on cheap goods would impact imports from online retailers and Shein’s London listing, The Guardian has reported.
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NewsTopps Tiles suffers sales fall amid ‘challenging’ market
Specialist retailer Topps Tiles has reported a fall in quarterly sales but maintains it is outperforming the market.
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NewsThe Body Shop administrator sets deadline for final bids
The final deadline for bids for The Body Shop is set for tomorrow (July 3) as FRP is keen to wrap up a sale of the struggling beauty chain, The Sun reports.
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NewsShoe Zone blames profit warning on poor weather and Red Sea
Footwear retailer Shoe Zone issued a profit warning today as the combination of weakened demand and ongoing Red Sea challenges take their toll.
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NewsSainsbury’s sees ‘more and more people’ coming through its doors
Sainsbury’s has said it is seeing the “biggest market share gains of any grocer” as more and more customers are shopping with the supermarket giant.
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NewsShop price inflation has eased thanks to investment in retail ‘paying off’, says BRC
Shop price inflation has fallen to its lowest level since October 2021 as retailers’ investments in operations and supply chains is “paying off”, according to the British Retail Consortium.
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NewsSmall businesses are calling on the next government to make changes to tax and business rates
Small businesses in the UK are urging the next government to overhaul policies relating to tax, business rates and international trading.
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NewsLaura Ashley owners Gordon Brothers are in the running to rescue The Body Shop
A selection of private equity firms are in the running to rescue The Body Shop’s troubled high street business.
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NewsWalgreens abandons Boots sale plan for a second time
The American owner of Boots, Walgreens Boots Alliance, has shelved plans for a potential sale for the second time.