Covid-19

H&M Group profits surge amid high street resurgence

H&M Group has revealed its gross profits increased by 52.2% to £4.36bn in the six months to 31 May. Profits…

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Matalan FY revenues surpass £1b

Matalan has revealed its revenues for the 52-week period ending 26 February 2022 reached just over £1bn, up 38% from…

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JD Sports profits double to £947m in FY22

JD Sports has recorded a “record” pre-tax profit of £947.2m in FY22, more than double the previous record set in…

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BoE raises interest rates to 1.25%

The Bank of England’s (BoE) Monetary Policy Committee has voted to raise interest from 1% to 1.25% – marking its…

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Missguided founder to return as CEO under Frasers Group

Missguided founder Nitin Passi has returned to the business as CEO just two weeks after the company was acquired out…

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ProCook issues FY23 profit warning amid ‘challenging’ market

ProCook has issued a warning over its profits for the upcoming financial year, as its trading has been impacted by…

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N Brown revenue hits £43.1m in FY22

N Brown has welcomed a resilient year of trading in FY22, with a sustained growth in customer numbers as pre-tax…

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AI-powered self-service is the future of physical retail

At the start of the Covid-19 pandemic, retail was among the most impacted industries: over 17,500 chain stores closed in…

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Harrods appoints chief financial officer

Harrods has appointed Tim Parker as its new chief financial officer for the group. He joins Harrods following 10 years…

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The Great Resignation: Why the battle for talent sees retail staff come out on top

A new report by stakeholder intelligence firm alva has revealed the biggest winners and losers from the last three years…

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