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News-In-Brief
Today’s news in brief-14/11/24
The Range and Wilko owner, CDS Superstores, has acquired 70 Homebase stores after the DIY retailer entered administration. This move,…
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Luxury Goods
Burberry unveils turnaround plan as profits plummet
Burberry has unveiled a turnaround plan after it posted an adjusted operating loss of £41m for the six months ended…
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News-In-Brief
Today’s news in brief
Asda announced plans to cut 475 head office roles and reduce hybrid work arrangements, requiring staff to be in the…
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Supermarkets
Asda to cut 475 head office roles and reduce hybrid working
Asda has confirmed that it is set to cut 475 jobs from its head offices in Leeds and Leicestershire, whilst…
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News-In-Brief
Today’s news in brief-6/11/24
Marks & Spencer (M&S) reported a strong half-year performance, with profits rising 17.2% to £407.8m for the period ending 28…
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Department Stores
M&S profits rise by 17% in half-year results
M&S has welcomed “further progress” in its half-year results as profit-before-tax rose by 17.2% to £407.8m for the half-year ended…
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News-In-Brief
Today’s news in brief-5/11/24
Primark’s profits surged by 51% to £1.1bn in FY24, as its parent company, Associated British Foods, credited a significant rise…
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Economy
Retail sales see weak growth in October amid pre-budget uncertainty
Total retail sales in the UK nudged up by only 0.6% in October, compared with a growth of 2.6% in…
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News-In-Brief
Today’s news in brief-4/11/24
Asda co-owner Mohsin Issa and partner Victoria Price have taken a substantial stake in the Manchester-based secondhand clothing platform GoThrift…
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Supermarkets
Sainsbury’s becomes first grocer to match Aldi prices in convenience stores
Sainsbury’s has announced that it has extended its Aldi price match scheme into its convenience stores, becoming the first supermarket…
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