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Retail
N Brown Group PLC Reports Interim Results, Highlights Strategic and Financial Progress
October 10, 2024 10:33 AM BST| By Team Kalkine MediaKey Points:,N Brown launched a new mobile-first website for JD Williams, completing the transition of all three strategic brands to its new platform.,Adjusted EBITDA increased by 7.4% to £18.8 million, with an improvement in gross profit margins desp...
Sosandar Expands Retail Presence with New Store in Cardiff's St David’s Shopping Centre
October 07, 2024 05:15 PM BST| By Team Kalkine MediaHighlights:,New Store Location,: Sosandar announced its fourth store, located in Cardiff's St David’s shopping centre, following recent openings in Chelmsford, Marlow, and the Metrocentre.,Strategic Expansion,: The store is part of Sosandar’s strateg...
UK Retail Sector Urges Labour Government to Reform Business Rates
October 07, 2024 12:15 PM BST| By Team Kalkine MediaHighlights:,Disproportionate Tax Burden,: UK retailers contribute 7.4% of business taxes, consuming 55% of pre-tax profits, with calls for a 20% reduction in business rates.,Store Closures,: Business rates have been linked to two-thirds of the 6,000...
Nish Kankiwala Transitions to Non-Executive Role as John Lewis Gets New Chairman
October 07, 2024 12:15 PM BST| By Team Kalkine MediaHighlights:,Leadership Transition,: Nish Kankiwala will step down as CEO in March 2024, transitioning to a non-executive role, as Jason Tarry takes over as chairman.,Improved Financial Performance,: John Lewis Partnership reduced pre-tax losses from...
Frasers Group Takeover Speculation Grows as Mulberry Raises £10.4M
October 07, 2024 11:46 AM BST| By Team Kalkine MediaHighlights:,Fundraising Success,: Mulberry raised £10.4 million through a retail investor offer and major shareholder contributions.,Frasers Group Takeover,: Mike Ashley’s Frasers Group has proposed a full takeover at 130p per share but faces a deadl...
J Sainsbury Announces Plans to Hire 20,000 Temporary Christmas Workers
October 07, 2024 11:05 AM BST| By Team Kalkine MediaHighlights:,20,000 Christmas Jobs,: Sainsbury is hiring 20,000 temporary workers for the festive season, spanning grocery and Argos outlets.,Competitive Pay Rates,: Temporary roles offer hourly wages ranging from £12 to £14.65 depending on the positi...
Watches of Switzerland Acquires Hodinkee to Expand U.S. Market Presence
October 04, 2024 03:32 PM BST| By Team Kalkine MediaHighlights:,Strategic acquisition,: Watches of Switzerland acquires Hodinkee to expand its presence in the fast-growing U.S. luxury watch market.,Key integration,: Hodinkee's commercial activities, including collaborations and insurance services, wil...
Virgin Wines (LSE:VINO) Partners with Ocado to Offer Exclusive Selection of Wines
October 04, 2024 08:09 AM BST| By Team Kalkine MediaKey Points:,Virgin Wines has entered a strategic partnership with Ocado.com, enabling Ocado customers to access an exclusive selection of 50 wines starting October 2, 2024.,This collaboration marks the first time Virgin Wines will offer individual bo...
Tesco (LSE:TSCO) Reports 10% surge in operating profit in recent financial year, driven by volume growth
October 03, 2024 09:23 AM BST| By Team Kalkine MediaTesco PLC (LSE:TSCO) has announced impressive financial results, showcasing a robust performance driven primarily by volume growth and enhanced customer satisfaction. The retail giant reported a significant improvement in market share, gaining 62 bas...
Tesco and Sainsbury’s Criticised for Misleading Plastic Recycling Schemes
October 01, 2024 12:46 PM BST| By Team Kalkine MediaHighlights:,Tesco and Sainsbury’s were criticised for misleading customers about the fate of plastics collected through their in-store recycling schemes.,70% of soft plastics collected were found to be burned for energy, with some waste ending up ove...
Asos Sees Target Price Increase from Berenberg Amid Recovery Hopes
October 01, 2024 11:57 AM BST| By Team Kalkine MediaHighlights:,Berenberg raised Asos's target price by over 20% to 600p, citing the company's turnaround progress.,Debt restructuring and joint venture moves have reduced Asos’s net debt by around £150 million.,The 'Test and React' sourcing model, now 1...
Cranswick Projects Strong Full-Year Results Amid Robust H1 Performance
September 27, 2024 08:16 AM BST| By Team Kalkine MediaHighlights:,Cranswick anticipates strong annual results,: First-half performance is expected to exceed the previous year, supported by volume growth and pig farming expansion.,Cautious outlook maintained,: Company remains wary of economic and geopoli...
Ubisoft Faces Significant Setback Following Delays and Criticism
September 27, 2024 04:46 AM BST| By Team Kalkine MediaUbisoft Entertainment (OTC: UBSFF) has experienced a notable decline in its stock value, with shares plummeting an additional 20% following the company’s announcement of a profit warning. This downturn is attributed to the troubled launch of its late...
Sainsbury's Divests Cash Machine Business to NoteMachine
September 25, 2024 05:21 PM BST| By Team Kalkine MediaHighlights:,Sainsbury’s (LON: SBRY) has sold its ATM business to NoteMachine, maintaining around 1,370 ATMs across the UK.,The transition is expected to finalize by May 2025, ensuring continued free cash access for customers.,The sale follows Sainsbu...
Management Confirms the Effectiveness of Tortilla Mexican Revitalization Plan
September 25, 2024 05:13 PM BST| By Team Kalkine MediaHighlights:,Sales Recovery,: Tortilla reported a revenue decline but achieved improved like-for-like sales growth by September.,Expansion Strategy,: The company is revamping offerings and expanding through franchises, with a new central kitchen set t...
DFS Furniture (LSE:DFS) Reports Challenging FY24, Anticipates Gradual Recovery in FY25
September 25, 2024 09:07 AM BST| By Team Kalkine MediaDFS Furniture plc (LSE:DFS), the UK’s leading retailer of living room and upholstered furniture, has released its preliminary results for the 53-week period ending 30 June 2024. The company reported a challenging year due to weak market demand, shipp...
Superdry CEO Criticizes Shein Over Tax 'Dodging
September 24, 2024 03:19 PM BST| By Team Kalkine MediaSuperdry PLC (LSE:SDRY) chief executive Julian Dunkerton has criticized fast fashion company Shein Group over what he described as a “loophole” allowing the firm to avoid taxes on goods shipped to customers in the UK. In an interview with BBC Radio 4...
Dunelm Shares Drop as Founder Reduces Stake
September 24, 2024 10:58 AM BST| By Team Kalkine MediaDunelm Group PLC (LSE: DNLM) has experienced a notable reduction in the stake held by the founding Adderley family, which has cut its holdings by 10 million shares, representing approximately 4.9% of the company, through a placing priced at 1,140p pe...
CardFactory (LSE:CARD) Reports Almost 6% Rise in revenue in for H1 2025, Expands Global Presence
September 24, 2024 09:01 AM BST| By Team Kalkine MediaCardFactory (LS:CARD), the UK’s leading retailer of greeting cards and celebration essentials, has announced its interim results for the first half of 2025, showcasing significant growth and strategic expansion.,Financial and Business Performance,For...
Jefferies Downgrades Burberry and Cuts Price Target
September 20, 2024 11:54 AM BST| By Team Kalkine MediaJefferies downgraded Burberry,(LSE:BRBY),on Friday from ‘hold’ to ‘underperform,’ significantly reducing the price target from 800p to 490p as the firm reassessed the European luxury market. The downgrade reflects concerns over a change in management...
