Boohoo has increased its half year sales by 20% to £975.9 million after doubling its share in key markets. However, adjusted pre-tax profit dropped by the same percentage to £63.8 million as profitability was impacted by a range of cost headwinds relating to the Covid-19 pandemic and its investment in newly...
SKG Capital, the family office specialising in retail turnarounds, has taken bedding and linen retailer Julian Charles to a break-even position. Founded in 1947, Julian Charles was acquired by SKG Capital during the height of the Covid-19 pandemic in June last year. In the 12 months to April 2019, the retailer made...
LEGO Group saw its first half revenue climb by 46% year-on-year to DKK 23 billion as the company benefited from strong demand across all of its markets. In the six months to 30 June, consumer sales rose by 36% as all market groups delivered double-digit consumer sales growth. Top-performing themes included...
Quiz has seen its full year group revenue decline by 66% to £39.7 million after it bore the impact of enforced store closures and fewer customers buying occasion wear during the Covid-19 pandemic. In the year to 31 March, the retailer reported an underlying pre-tax loss of £9.6 million compared to...
Moonpig has said trading in the year to date has been strong ahead of its AGM today. In an update on its performance from 30 April to date, the company said it is now raising its full year guidance for group revenue to between £270 million and £285 million. The company said frequency...
UK retail footfall increased by 2.7% last week from the previous seven-day period after city centres were boosted by people making a return to the office. According to retail footfall specialist Springboard, footfall rose by 6.5% in central London and by 6.1% in large city centres outside of the capital. The...
Asos is to invest £14 million in a new tech hub in Belfast and create 184 new jobs in the city over the next three years. The announcement was made by Northern Ireland Economy Minister Gordon Lyons who said the move was a clear vote of confidence for Northern Ireland and...
Fnatic has announced a three-year deal with online fashion and cosmetic retailer ASOS as the org’s Official Retail Fashion Partner. The reported ‘multi-million pound partnership’ will include on-and-offline activations, as well as ASOS’s logo placement on the front of Fnatic’s jerseys. This will include the organisation’s League of Legends World Championship...
The Very Group has appointed former Fenwick chief executive Robbie Feather as its retail managing director and a member of the executive board. Feather was recruited by Fenwick in 2018 to turnaround and modernise the business and customer proposition. Since then, he has developed the group’s digital strategy, launching the business...
As part of plans to accelerate its share of the UK grocery market, Aldi has committed to investing £1.3 billion over the next two years. This will include creating more than 2,000 new jobs in 2022 and the opening of 100 new stores across the UK over the next two years....
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