Year: 2019

Watches of Switzerland reports 112% increase in profit before tax

Watches of Switzerland has reported a 112% increase in adjusted profit before tax since May 2019. The high-end retailer revealed…

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McColl’s earnings to fall short of expectations

Convenience retailer McColl’s has revealed that earnings are set to fall short of expectations amid “unseasonable weather and lower consumer…

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The Lib Dems want to abolish business rates, but don’t hold your breath

Over the weekend the leader of the Lib Dems, Jo Swinson, visited Hertforshire to discuss her party’s approach to SMEs.…

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Ted Baker appoints Deloitte to probe £25m stock overstatement

Ted Baker has appointed ‘Big Four accountancy firm’ Deloitte to probe into its accounting blunder that revealed it had overstated…

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Wet weather hits November footfall

Retail footfall in November dropped 3.4% year-on-year after “severe wet weather” deterred shoppers in the last two weeks of the…

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Tesco considers sale of its Asian arm

Tesco is considering the sale of its Malaysian and Thai businesses, the supermarket giant has confirmed. The two businesses have…

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Jessops appoints administrators, 500 jobs at risk

Camera retailer Jessops has appointed administrators to its property arm, reportedly placing around 500 jobs at risk.  According to The…

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Why shoppable social media means retailers must embrace returns

Growing social commerce This year marks 25 years since the first secure online transaction was completed, signalling the birth of…

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CMA issues interim order to halt JD Sports’ Footasylum acquisition

The Competition and Markets Authority (CMA) has issued an interim order against the proposed £90m takeover of Footasylum by JD…

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Boohoo founders sell off £143m of stock

Boohoo founders, Mahmud Kamani and Carol Kane, have announced the sale of 50 million shares in the fashion group, at…

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