Today’s news in brief-2/4/25
Topps Tiles reported a 4% rise in half-year sales to £127.7m, with underlying growth accelerating to 4.4% in Q2. Trade sales surged 12%, supported by an 11% increase in active traders. However, the retailer warned that National Living Wage and National Insurance hikes will add £4m to annual costs from April 2025. CEO Rob Parker highlighted progress in digital initiatives and category extensions under its ‘Mission 365’ strategy, though profits are expected to be weighted toward H2 due to seasonal factors.
Decathlon posted a 5.2% revenue increase in 2024, reaching €16.2bn (£13.5bn) after currency adjustments, driven by cost-control measures and digital growth, now accounting for 20% of sales. The retailer modernised 200 stores and aims to revamp 90% of its product range by 2026 for sustainability. Decathlon also cut carbon emissions by 13% since 2021 and reduced plastic packaging by 53%, while expanding its second-hand and repair services.
Intersport’s global sales grew 2.1% to €14bn in 2024, with Q4 being its strongest quarter. The retailer expanded its store network by 83 to 5,464 locations, citing strong performances in France, Italy, and Switzerland. Key categories like Sportstyle and Football drove growth, aided by major sporting events. Intersport plans to bolster private-label brands and hyperlocal store strategies in 2025.
Currys announced its largest-ever investment in store safety to combat rising retail crime, including upgraded surveillance, employee headsets, and crime-reporting software via Auror. Trials of new security measures, such as enhanced laptop clamps, showed promising results. The rollout coincides with Currys’ internal ‘Safety Week,’ aimed at addressing staff concerns amid increasing shoplifting and aggression toward workers.
The Perfume Shop saw a 56% sales surge ahead of Mother’s Day 2025, fuelled by a 30% jump in classic fragrance sales and strong demand for personalised gifts. Next-day delivery orders made up 35% of sales, with over 43,688 ribbons and 1,091 engraved bottles ordered. Customer director Karen Harris attributed the growth to perfume’s enduring appeal as a sentimental gift.