Latest finance news – Page 8
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NewsCourt to have final say on Poundland restructuring after creditor pushback
Creditors have failed to fully back value retailer Poundland’s restructuring plan, meaning a final decision will be made at a court hearing next week, Retail Week understands.
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NewsSeasalt hails strong year of growth despite external challenges
Cornish clothing brand Seasalt has recorded another strong trading year with significant progress in international growth and UK bricks-and-mortar store sales.
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NewsONS retail sales data delayed for ‘quality assurance’
The data was due to be published on Friday, but will now be published a fortnight later, according to the UK statistics body
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NewsSavills reports significant retail investment uptick in London
The latest retail leasing research in central London reveals a significant increase in investment in the first half of 2025, amounting to £1.6bn.
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NewsMountain Warehouse records highest revenue in its history
Outdoor clothing company Mountain Warehouse has seen a record revenue with sales at its highest in the retailer’s 28-year history.
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NewsShein posts record UK annual sales and profits
Online fashion giant Shein, which is pondering a London listing, has reported record turnover and earnings at its UK arm.
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NewsCard Factory completes swoop for Funky Pigeon from WHSmith
Card Factory has today announced it has completed its £24m acquisition of online personalised card retailer Funky Pigeon from WHSmith.
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NewsRough Trade sees sales and footfall uplift thanks to Oasis and ‘music tourism’
Record shop Rough Trade has seen a rise in sales and footfall as the business has been benefitting from music tourism and the Oasis tour, Retail Week can reveal.
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NewsDobbies optimistic on turnaround prospects as restructuring costs hit earnings
Garden centre group Dobbies has posted steeper storical losses but bosses are pleased by the early results of a revival plan.
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NewsSupermarkets at risk of closing as a result of business rates rise
More than 100 supermarkets run by big grocers could shut because of government plans to increase business rates, piling futher costs on the industry.
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NewsFrasers call for suspension of Boohoo founder and investigation into loan claims
Tycoon Mike Ashley’s Frasers Group has demanded the suspension of Boohoo founder and executive vice-chair Mahmud Kamani and a probe into allegations about loans to suppliers.
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NewsFrasers Group acquires technology retailer Ebuyer out of administration
Frasers Group, whose business include Game, Sports Direct and Studio Retail, has acquired technology retailer Ebuyer out of administration.
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NewsShoe Zone blames Budget as it halves profit guidance
High street retailer Shoe Zone has halved its profit guidance as it has been experiencing tough trading since the Budget.
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NewsHobbycraft announces it will shut more stores
Hobbycraft has announced that it will be closing more stores this month and in September.
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NewsPoundland confirms number of store closures exceeds 50
Poundland has confirmed the location of a further 12 stores set to close in the coming weeks, bringing the total of guaranteed store closures to 52.
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NewsWaterstones secures £125m in new funding to support growth plans
Waterstones has secured £125m in new funding facilities, which it said is designed to support the company’s ongoing financing needs and future growth.
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NewsClaire’s warns store managers to expect bailiffs as US bankruptcy impacts UK trading
Embattled retailer Claire’s has warned managers of its UK stores to expect bailiffs turning up to recover unpaid debts, Retail Week understands.
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NewsRiver Island secures lifeline after High Court approves restructuring plan
River Island has successfully secured High Court approval for its restructuring plan, providing a crucial lifeline for the embattled chain as it works to transform its business model.
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NewsBarclay family expected to lose ownership of Very Group
The Barclay family, which currently own The Very Group, is expected to lose ownership as US private equity firm steps in.
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NewsRevolution Beauty rejects bid from private equity firm
Revolution Beauty has reportedly rejected a takeover offer from a specialist private equity firm following the retailer’s launch of a formal sales process in May.