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News
Today’s news in brief-7/6/24
The British Independent Retailers Association (BIRA) has initiated a £1bn damages claim against Amazon on behalf of UK retailers selling…
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Supermarkets
Sainsbury’s unveils Klarna partnership
Sainsbury’s has revealed that it has struck a deal with buy-now-pay-later firm Klarna for the use of its product. The…
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News
Today’s news in brief-6/6/24
Andrew Fisher, a long-serving director at Marks & Spencer (M&S), is resigning following the company’s hiring of Alison Dolan, CFO…
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Clothing & Shoes
N Brown returns to profit despite weakened sales
N Brown has posted a profit-before-tax of £5.3m, up from a loss of £71.1m, for the year ended 2 March…
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High Street
B&M posts profits of £498m
B&M has revealed that its statutory profit-before-tax rose 14% to £498m, up from £436m, for the year ended 30 March…
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News
Today’s news in brief-4/6/24
UK retail sales experienced a slight increase of 0.7% in May, marking a modest improvement compared to the 3-month average…
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Department Stores
M&S boss sees pay packet rise 75% as profits surpass £700m
M&S CEO Stuart Machin has seen his pay rise 75% £4.73m following strong full-year results at the retailer. Machin received…
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News
Today’s news in brief-3/6/24
Shein is reportedly preparing for a landmark London flotation valued at £50bn, marking the city’s most significant public float in…
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Department Stores
‘We should have overtaken Waitrose already’, says M&S boss
M&S CEO Staurt Machin has argued that the company should have “already overtaken” Waitrose following its latest strong results. The…
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News
Today’s news in brief-31/5/24
UK supermarkets experienced a 3.3% sales boost in May, attributed to a brief period of warm weather which saw increased…
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