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People Moves
Matalan founder returns as chairman
Matalan has announced that its founder, John Hargreaves, will return to the company as chairman, effective immediately. In this role,…
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HR
Co-op to axe 400 office jobs amid ‘tough’ trading environment
The Cooperative Group (Co-op) has announced that it will make 400 roles redundant at its head office in Manchester, amid…
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Economy
Transitional relief could cost retailers over £1bn, BRC warns
Retailers have warned that the failure to fix the “flawed” Transitional Relief system could cost the industry over £1bn between…
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News
Frasers Group swings to profit but warns of economic headwinds
Frasers Group has reported a “record-breaking” year with pre-tax profits surging to £344.8m in FY22, up from a loss of…
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Health & Beauty
Superdrug signs 200+ brands to new health & beauty marketplace
Superdrug has signed over 200 brands to the upcoming launch of Superdrug’s Marketplace, its new platform which will see brands…
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News
Ocado Retail CEO Melanie Smith to step down
Ocado Retail has announced that its chief executive, Melanie Smith CBE, will leave the business after three years in the…
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News
Grant Thorton fined £1.3m over Sports Direct audit
The Financial Reporting Council (FRC) has fined Grant Thornton UK LLP £1.3m for “serious failings” in the statutory audits of…
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Clothing & Shoes
H&M Group to exit Russia
The H&M Group has announced its decision to begin winding down its business in Russia over the coming months, following…
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News
Profit warnings surge 66% in H1 FY22
The number of profit warnings issued by UK-listed companies in the first six months of 2022 has increased 66% year-on-year,…
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News
Deliveroo lowers FY22 guidance amid consumer headwinds
Deliveroo has lowered its gross transaction value (GTV) guidance for FY22 from 15–25% to 4–12% due to a “more cautious”…
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