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News
Today’s news in brief-16/9/24
The New West End Company (NWEC) has reported that the removal of tax-free shopping cost West End retailers ยฃ220m in…
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Luxury Goods
Tourist Tax cost retailers ยฃ220m in H1, says NWEC
The loss of tax-free shopping cost West End retailers ยฃ220m in unrealised sales in the first half of 2024, according…
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News
Today’s news in brief-13/9/24
Logistics UK warned that new EU fingerprint and facial recognition checks for non-EU passengers at Dover could cause delays, impacting…
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High Street
Retail industry is overtaxed, says BRC
The British Retail Consortium (BRC) has claimed that the retail industry is overtaxed compared with other sectors of the economy…
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News
Today’s news in brief-12/9/24
John Lewis Partnership reported a significant improvement in financial performance, narrowing pre-tax losses to ยฃ30m from ยฃ59m. Total revenue rose…
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Department Stores
John Lewis narrows pre-tax losses to ยฃ30m
The John Lewis Partnership has revealed that its losses-before-tax closed to ยฃ30m, down from ยฃ59m, a decrease of 49%, for…
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News
Today’s news in brief-11/9/24
In July 2024, the UK economy saw no growth for the second consecutive month, failing to meet analysts’ expectations of…
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Department Stores
Dunelm PBT rises 6.6%
Dunelm has revealed that its profit-before-tax rose 6.6% to ยฃ205m, up from ยฃ193m, for the year ended 29 June 2024.…
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News
Today’s news in brief-10/9/24
Burberry has faced a significant downturn, with its market value plummeting to ยฃ2bn, its lowest since 2009. Barclays downgraded Burberry,…
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DIY
Wickes HY profit falls to ยฃ23.4m
Wickes has revealed that its adjusted profits fell to ยฃ23.4m, down from ยฃ31.1m, for the 26 weeks ended 29 June…
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