Latest finance news – Page 94
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NewsThe Fragrance Shop confident for 2023 after record-breaking Christmas
The Fragrance Shop has said it enjoyed record-breaking festive trading both in-store and online, which both benefited from investment in its omnichannel strategy.
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NewsSofa-in-a-box brand Snug bought by ScS
ScS has snapped up digital-first sofa-in-a-box brand Snug for £875,000.
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NewsShoe Zone sales and profits rise after ‘very positive year’
Shoe Zone achieved a rise in revenues and earnings last year, when stores performed strongly.
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NewsDecember sales rise as Christmas brings some cheer for retailers
UK retail sales rose in December 2022 but the uptick masked a drop in volumes due to inflation running at historically high levels, the latest BRC-KPMG Retail Sales Monitor has found.
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NewsN Brown reaches £50m legal settlement with insurer
JD Williams-owner N Brown has announced it is to settle an ongoing legal dispute with Allianz Insurance for £49.5m by the end of the month.
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NewsHobbycraft delivers ‘robust’ Christmas trading performance
Hobbycraft has posted a “robust” set of Christmas results driven by workshops, a quicker click-and-collect service and social media ‘cleanfluencer’ Mrs Hinch.
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NewsSeasalt enjoys record Christmas store trading but warns of online challenges
Cornish fashion brand Seasalt hailed record in-store trading over Christmas but warned online sales would continue to be challenging in 2023 due to macroeconomic conditions.
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NewsWaitrose launches month-long offers to help customers with cost of living
Waitrose is offering customers price reductions across thousands of products during January to help ease the ongoing cost-of-living crisis.
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NewsChristmas footfall highest since pandemic as strikes spur shoppers to high street
The number of shoppers visiting high streets and malls rose in 2022, but retail park numbers decreased, the latest figures suggest.
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NewsBoots’ focus on value delivers strong Christmas performance
Boots’ focus on value has paid off this Christmas as it posted an 8.7% increase in like-for-like sales for the three months to November.
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NewsTrouva acquired by personal shopping platform Re:store
Trouva, the online marketplace for independent brands, has been bought by Cambridge-based digital personal shopping platform Re:store for an undisclosed sum.
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NewsGreggs beats strikes and bad weather to post strong seasonal sales
Food-on-the-go specialist Greggs generated a big Christmas sales rise to end the year strongly.
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NewsNext ups profit guidance as Christmas sales beat expectations
Fashion powerhouse Next has increased its earnings guidance after a strong Christmas performance.
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NewsWilko secures £40m lifeline as it reshuffles non-executive board
General merchandise retailer Wilko has secured a £40m funding lifeline from noted high street lender Hilco and has announced a change at the head of its board.
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NewsGrocery sales hit record £12.8bn over Christmas as inflation drives up prices
Take-home grocery sales passed the £12bn mark for the first time in December, with inflation the key driving factor as volumes decreased.
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NewsFood inflation leaps to highest rate on record
Food inflation has risen to its highest rate on record, accelerating to 13.3% last month, the latest figures from the BRC-Nielsen Shop Price Index have shown.
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NewsAldi hails record Christmas as World Cup and festive trading boost sales
Aldi has reported surging sales as the World Cup and the festive period, combined with a flight to value driven by the cost-of-living crisis, helped deliver its “best Christmas ever”.
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NewsRetail Week and World Retail Congress bought by William Reed
Retail Week and World Retail Congress have been acquired from Ascential by family-owned publishing business William Reed.
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NewsThe Perfume Shop hails ‘best ever’ Christmas with record number of bottles sold
The Perfume Shop has hailed the resilience of perfume as a gifting category after it sold a record number of bottles over the Christmas trading period.
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NewsJoules owed more than £100m when it hit the wall
Fashion retailer Joules was nearly £114m in the red when it collapsed last month.