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Luxury Goods
Selfridges boss blames job cuts on loss of tax-free shopping
Selfridges is reportedly set to cut 70 jobs with CEO Andrew Keith blaming the loss of tax-free shopping, according to…
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News
Today’s news in brief-8/5/24
Boohoo posted widened losses of £159.9m for the full year due to challenging market conditions and a strategic focus on…
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DIY
Carpetright announces restructuring, 70 jobs at risk
Carpetright has announced restructuring plans across a number of departments to “better support regional stores and digital plans”. A staff…
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News
Today’s news in brief
The latest BRC-KPMG Retail Sales Monitor reveals a 4% year-on-year decrease in total UK retail sales for April. Non-food sales…
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High Street
The White Company profits dip 1.3%
The White Company has revealed that its profit before tax fell slightly from £32.6m down to £32.2m for the 52…
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News
Today’s news in brief-3/5/24
Asda, following strong FY23 financial results, has successfully refinanced £3.2bn of debt, pushing maturities into the next decade. This included…
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Supermarkets
Asda successfully refinances £3.2bn of debt
Asda has announced that it has refinanced £3.2bn of debt pushing out the majority of its maturities into the next…
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News
Today’s news in brief-2/5/24
Total supermarket sales growth in the UK slowed to 3.4% in the four weeks ending April 20, down from the…
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Luxury Goods
Hugo Boss Q1 sales jump 6%
Hugo Boss has announced that its sales jumped 6% on a constant currency basis to €1.01bn (£860m) for the three…
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Online & Digital
Amazon Q1 net sales jump 13% to $143.3bn
Amazon has revealed that its net sales rose 13% to $143.3bn (£114.7bn), up from $127.4bn (£102bn), for the three months…
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