Retail

JD Sports Q3 Performance Driven by Store expansions

Highlights,Steady Organic Growth:,JD Sports recorded 5.4% organic sales growth in Q3 and 6.1% year-to-date, driven by store expansions.,Resilient Marg...

UK Retailers Warn of Looming Challenges from Rising Costs and Tax Bu...

Highlights:,Rising Costs Threaten Retail Viability:,UK retailers face £7 billion in added costs due to tax and wage increases.,Impact on Jobs and Pric...

UK Housebuilders See Valuations Lag Despite Improved Trading Conditi...

Highlights:,Valuations Dip:,UK housebuilder stocks are trading below net tangible asset value, despite higher earnings forecasts.,Budget Impact:,The r...

Morrisons Eases Debt Burden While Strengthening Operations Amid Toug...

Highlights:,Debt Reduction Efforts:,Morrisons cuts its debt from £6.2 billion to £3.8 billion, improving its financial stability post-takeover.,Operat...

Amcor Announces Acquisition of Berry Global in Transformative $8.4 B...

Highlights:,Transformative $8.4 Billion Deal:,Amcor to acquire Berry Global, creating a combined entity with $24 billion in revenue.,Significant Share...

ASOS CEO Faces Criticism for Pay Hike Amid Financial Struggles

Highlights:,CEO Pay Increases by 44% Amid Losses:,ASOS CEO José Antonio Ramos Calamonte’s remuneration rose to £1.17 million despite the retailer repo...

Imperial Brands Hits Five-Year Highs Amid Strategic Transformation a...

Highlights:,Dividend Boost:,Imperial Brands announces a 4.5% dividend hike despite modest revenue decline.,Next-Generation Products Growth:,Sales of v...

Mulberry Group Faces Revenue Decline and Mounting Challenges Amid Lu...

Highlights:,Revenue Down 19%:,Mulberry reports a sharp decline in revenue to £56.1 million, with reduced margins.,Widening Losses:,Pre-tax losses incr...

MP Evans Group Anticipates Strong 2024 Results Amid Rising Palm Oil...

Highlights:,Surge in Palm Oil Prices:,MP Evans reports crude palm oil (CPO) prices have exceeded expectations in the second half of 2024, boosting rev...

Audioboom Raises Full-Year Earnings Guidance for the Second Time Ami...

Highlights:,Earnings Upgrade,:,Audioboom,Group PLC hikes its,full-year,adjusted pre-tax earnings guidance to $2.80 million, marking a second upgrade i...

Burberry Shares Surge on New CEO's Turnaround Plan Despite First-Hal...

Highlights:,Turnaround Strategy Announced:,Burberry's new CEO Joshua Schulman introduced the "Burberry Forward" plan, aiming to revive the brand throu...

Young & Co Faces Budget Headwinds but Reports Strong Financial Perfo...

Highlights:,Budget Impact:,Young & Co (,LSE:YNGA,) faces £11 million in extra costs due to changes in National Insurance and minimum wage regulations....

Burberry Unveils New Turnaround Plan Focusing on Heritage and Core P...

Highlights:,Revival Strategy: Burberry is refocusing on its heritage and core collections after disappointing financial results.,Losses Reported: The...

B&M Delivers Strong Half-Year Results Amid Rising Demand, Eyes Conti...

Highlights:,Sales Growth:,B&M's group sales increased by 3.7% to £2.64 billion, driven by a strong UK performance in the second quarter.,Earnings and...

Boohoo Group Secures £39.3 Million in Oversubscribed Fundraising Ami...

Highlights:,Capital Raise:,Boohoo Group PLC successfully raised £39.3 million through an oversubscribed share placement and retail offering, selling s...

WH Smith Shares Slip Despite Robust Results and New Growth Investmen...

Highlights:,Investment in Funky Pigeon Platform:,WH Smith plans a significant investment into its online greeting cards platform, Funky Pigeon, aiming...

What’s Causing B&M European Value Retail’s Continued Stock Drop?

Highlights,B&M European Value Retail S.A. has experienced a substantial share price decline over the past few years.,The company’s recent performance...

Has British Grocery Spending Hit a Slowdown?

Highlights,UK grocery sales growth slowed due to consumers holding back for Christmas and Black Friday promotions.,Discount retailers Lidl and Ocado s...

Could Tesco’s Recent High Be Masking Underlying Challenges?

Highlights,Tesco PLC's shares rose above their 200-day moving average recently, indicating potential market momentum.,The stock has been trading with...

Chipotle Hit with Shareholder Lawsuit Over Portion Size Controversy

Highlights:,Shareholder Lawsuit Filed,: Chipotle is being sued by shareholders for failing to disclose cuts to portion sizes across its restaurants.,M...