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Luxury Goods
Kering hails ‘record’ revenues of €17.64bn
Kering has reported “record” revenues of €17.64bn (£14.72bn) in FY21, up 35% year-on-year from €13.1bn (£10.93bn) and up 13% from…
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People Moves
Kingfisher announces leadership shakeup
Kingfisher plc has announced a number of senior management changes to strengthen its group executive team and support the delivery…
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Clothing & Shoes
Hotter FY22 revenues rise to £51.9m
The Unbound Group has reported a 16% increase in revenues for its subsidiary, Hotter Shoes (Hotter), in the financial year…
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HR
M&S raises hourly pay for all store colleagues
M&S has announced it has increased its hourly pay to £10 for all store colleagues across the UK as part…
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Economy
Inflation hits 30-year high amid rising cost of living
Inflation rose by 5.5% in the 12 months to January 2022, up from 5.4% in December 2021, marking the highest…
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Clothing & Shoes
Universal Works debuts London showroom
Universal Works, the Nottingham-based fashion brand, has announced it has launched its first dedicated showroom in the heart of London’s…
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Economy
UK labour market sees recovery as unemployment falls to 4.1%
The UK labour market has seen “continuing recovery” as the unemployment rate decreased by 0.2% on the quarter to 4.1%,…
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News
Studio Retail to appoint administrators amid failure to acquire £25m loan
Studio Retail, the digital value retailer, has announced its intention to appoint administrators to SRG and Studio Retail Limited, its…
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Clothing & Shoes
CMA fines JD Sports £4.3m for breaching rules
The Competition and Markets Authority (CMA) has issued JD Sports a penalty of £4.3m for failure to comply in certain…
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Supermarkets
Waitrose boosts partnership with Deliveroo
Waitrose has announced it is expanding its partnership with Deliveroo and will be trialling Deliveroo Hop, the delivery service that…
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