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Electrical
Currys raises guidance after ‘better than expected results’
Electronics retailer Currys has increased its profit guidance to between £110-120m for the year ended 29 April 2023. The retailer…
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Online & Digital
THG terminates takeover talks
THG has announced that it has terminated takeover talks with Apollo Global Management as it believes Apollo has undervalued the…
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Supermarkets
BRC calls for Windsor Framework labelling clarity
The British Retail Consortium (BRC) has called on the government to provide clarity for UK supermarkets on labelling issues caused…
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Online & Digital
Asos losses widen to £87m
Asos has revealed a loss before tax of £87.4m in its half-year results for the six months ended 28 February…
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Clothing & Shoes
JD Sports set to acquire Courir for £452.6m
JD Sports has announced that it has entered into exclusive talks to acquire French retailer Courir in a £452.6m deal.…
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High Street
Holland and Barrett acquires FitTech startup Avie
Holland and Barrett, has announced the acquisition of start-up FitTech company Avie as part of its strategy to extend its…
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Clothing & Shoes
Next maintains guidance despite better than expected sales
Next has maintained its profit guidance for the full-year despite seeing better than expected sales figures for the first quarter.…
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High Street
Card Factory profits jump 368.5% to £52.4m
Card Factory has seen its profit before tax rise 368.5% to £52.4m, up from £11.1m, for the year ended 31…
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Clothing & Shoes
Superdry in talks for £15m share sale
Superdry has confirmed that it is in talks to raise capital which, according to Sky News, could be worth around…
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Property
Retailers cautious to invest as retail vacancies plateau
The overall vacancy rate for retail units in the UK remained at 13.8% of Q1 in 2023, the same rate…
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