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Economy
Shop price inflation hits record levels
Shop price annual inflation increased to a record high of 8.0% in January up from 7.3% in December, according to…
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News
Pets at Home raises profit outlook
Pet retailer Pets at Home has raised its profit outlook after record Q3 consumer revenues, for the 12 weeks ended…
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Clothing & Shoes
Frasers Group increases N Brown stake
The Frasers Group has increased its shareholding in clothing and footwear retailer N Brown to become its second largest shareholder.…
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Clothing & Shoes
H&M net sales increase 12%
H&M has announced that its net sales for FY22 increased 12% to SEK 223bn (£176bn) for the year ended 30…
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Clothing & Shoes
Inditex to double number of disabled employees
Zara owner Inditex has announced plans to double its number of disabled employees within the next two years. The company…
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Luxury Goods
Michael Kors appoints new CEO
Michael Kors owner Capri Holdings has announced the appointment of Cedric Wilmotte as the CEO of Michael Kors effective 3…
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Clothing & Shoes
Primark revenues surpass £3bn
Primark owner Associated British Foods has announced that its retail revenues for the year reached £3.15bn. In a trading update…
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Supermarkets
Asda owners eye potential £13bn EG Group merger
Asda owners Mohsin and Zuber Issa are reportedly considering merging the company with the EG Group ahead of EG’s £7bn…
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Economy
December retail sales fall 1% despite Christmas boost
Retail sales volumes fell by 1% in December 2022 after a 0.5% fall in November 2022, according to data from…
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Clothing & Shoes
Dr Martens warns on profits amid US disruption
Dr Martens has warned that its profits and revenues could drop after it faced “significant operational issues” at its new…
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