Retail

On the Beach Group Reports Record TTV in FY24 and Sets Ambitious Gro...

Highlights:,Record Performance:,Total Transaction Value (TTV) grew 15% to £1.2 billion, with revenue up 14% to £128.2 million, driven by strong market...

Greencore Group Reports Profit Growth and New Partnerships Despite R...

Highlights:,Profit Surge:,Greencore posted a 36% increase in profit before tax to £61.5 million, supported by improved gross margins despite a 5.6% de...

SSP Group Reports Robust Growth Amid Global Recovery, Sees Positive...

Highlights:,Strong Profit Growth:,SSP Group posted a 26% increase in operating profit for the year ending September 2024, driven by a 14% rise in reve...

November Retail Sales Plunge Amid Economic Uncertainty and Delayed B...

Highlights:,Largest November Decline Since Covid:,Retail sales dropped by 5.8%, with both online and in-store segments significantly impacted.,Delayed...

Burberry Set for Revival as Deutsche Bank Highlights Turnaround Pote...

Highlights:,Deutsche Bank Upgrades Burberry to ‘Buy’:,Analysts express optimism over Burberry’s turnaround strategy and expected sector recovery in 20...

Supreme PLC’s Acquisition of Typhoo Tea: A Strategic Expansion into...

Highlights:,Supreme Acquires Typhoo Tea for £10 Million:,The deal secures jobs and strengthens Supreme’s diversified portfolio.,EPS Growth Anticipated...

Boohoo Group Takes Key Step in Refinancing Strategy with Loan Repaym...

Highlights:,Boohoo repays £50 million loan:,Part of a larger refinancing strategy, reducing its term loan balance to £47 million.,Funding raised throu...

Topps Tiles Defends Strategy Amid Investor Criticism Over Market Ada...

Highlights:,Market outperformance:,Topps Tiles highlights a 5.4% revenue decline compared to a 10-15% wider market contraction.,Focus on digital expan...

Loungers PLC Secures Support for £338 Million Fortress Takeover

Highlights:,Fortress Takeover Offer:,Loungers PLC has received a 310p-per-share cash offer from US private equity firm Fortress, valuing the company a...

Caffyns Reports Improvement in Half-Year Financial Performance Resul...

Highlights,Caffyns reported a 3% increase in revenue for H1 FY25 and a £0.45 million underlying profit before tax, reflecting improved financial perfo...

AO World Reports Continued Profit Growth and Operational Efficiency...

Highlights,Adjusted profit before tax increases by 30%, reaching £17 million with a PBT margin of 3.3%.,B2C Retail revenue grows by 13%, driving overa...

Halfords Group shares jump on Tuesday. Here's Why.

Highlights,Group like-for-like sales show slight decline of -0.1%, reflecting mixed performance across Autocentres and Retail segments.,Gross margin i...

Kingfisher Reports £3.2 Billion in Q3 Sales Amid Challenging Market...

Highlights,Q3 sales flat at £3.2 billion, with like-for-like (LFL) sales declining by 1.1%.,UK & Ireland showed growth driven by Screwfix (+1.8% LFL)...

DFS Furniture Reports Momentum Continuation in FY25, Announces CFO A...

Highlights,Order intake growth sustained:,DFS sees continued year-on-year growth in order intake, aligning with expectations.,Cost-efficiency focus:,O...

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...