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Retail
Can the Retail Giant Overcome Its Setbacks?
February 25, 2025 01:30 AM AEDT| By Team Kalkine MediaHighlights:,Profit warning impacts performance of B&M European Value Retail SA (LSE:BME),Leadership change creates a temporary gap at the top,Intensified grocery competition continues to pressure margins,The retail environment is experiencing continu...
Investors reportedly pressure Shein to reduce its valuation to $30 billion for its London IPO.
February 18, 2025 10:30 AM AEDT| By Team Kalkine MediaShein's London IPO Plans: Valuation Adjustments and Market Challenges
WH Smith Reports Travel Growth in Early 2025 Trading Update
January 29, 2025 06:35 PM AEDT| By Team Kalkine MediaHighlights,Global Travel Revenue Growth:,Total travel division revenue rose,8% year-on-year,on a constant currency basis.,UK Travel Division Momentum:,Revenue in the UK travel sector increased,7% overall and like-for-like (LFL),, supported by new pro...
Virgin Wines Reports Significant Christmas Sales and Promising H1 Performance
January 29, 2025 06:32 PM AEDT| By Team Kalkine MediaHighlights,Christmas Sales Surge:,Revenue rose by 6.7% year-on-year, with December sales up 9% compared to 2023.,H1 Market Outperformance:,Revenue remained steady at £34.1 million, outperforming the online drinks market, which declined by 5%.,Profita...
TheWorks.co.uk Announces Interim Results and New Strategy Amidst Steady Growth
January 24, 2025 06:23 PM AEDT| By Team Kalkine MediaHighlights:,Revenue Growth & Sales Performance:,Total revenue grew by 1.3% to £124.2m (H1 FY24: £122.6m), with store LFL (like-for-like) sales up 0.9%, driven by strong seasonal offerings and fiction book sales.,Improved Profitability:,Pre-IFRS 16 ad...
Shoe Zone Adjusts Strategy as Digital Sales Grow and Store Footprint Evolves
January 21, 2025 07:06 PM AEDT| By Team Kalkine MediaHighlights,Revenue Shift:,Total revenue at £161.3m, with digital sales rising to £35.2m (+14%).,Store Optimization:,Transitioned to 185 new-format stores, with 53 closures and 27 relocations.,Dividend Reduction:,Dividend cut to £1.2m (2.5p/share) fro...
DFS Furniture Expects Improvement in Profitability in First-Half
January 17, 2025 06:14 PM AEDT| By Team Kalkine MediaHighlights,Profit Growth:,First-half profit before tax (PBT) expected to reach £16-17m, marking a year-on-year increase of £7-8m.,Order Intake Surge:,Group order intake rose by 10.1% year-on-year, with Sofology achieving a notable 19.1% growth.,Reduc...
Dunelm Reports Sales Growth and Strategic Advancements in H1 FY25
January 16, 2025 06:31 PM AEDT| By Team Kalkine MediaHighlights,Strong Sales Performance:,Dunelm achieves 2.4% sales growth to £894 million in H1 FY25, with a 1.6% increase in Q2 amidst a challenging market.,Strategic Progress:,The company made notable strides in enhancing its online experience, expand...
Currys Upgrades Profit Outlook for FY25, Shares React
January 15, 2025 07:11 PM AEDT| By Team Kalkine MediaHighlights,Sales Growth,: Currys saw a 2% increase in peak like-for-like revenue in the UK & Ireland, driven by strong performance in mobile, gaming, and premium computing.,iD Mobile Expansion,: iD Mobile subscribers grew by 30% year-on-year, reachin...
Greggs Reports Record £2 Billion Sales in FY24 Despite High Street Challenges
January 09, 2025 07:27 PM AEDT| By Team Kalkine MediaHighlights:,Greggs achieved record total sales of £2.01 billion in FY24, up 11.3% year-on-year.,A net increase of 145 shops brought the total to 2,618 outlets by December 2024.,Supply chain expansion, including projects in Derby and Kettering, is on...
B&M Reports Q3 FY25 Financial Results with Growth Across UK and France
January 09, 2025 07:24 PM AEDT| By Team Kalkine MediaHighlights:,Revenue Growth:,Group Q3 revenue rose by 2.8% year-on-year, with positive LFL growth in December and strong momentum continuing into January.,Store Expansion:,On track to open 73 new stores in FY25 across the Group, including 45 in the UK...
Challenger Energy Group Sees Positive Growth and Strong Financials
January 06, 2025 09:50 PM AEDT| By Team Kalkine MediaHeadlines,Challenger Energy Group shows positive performance.,Key financial metrics and ratios discussed.,The future outlook and developments for the company.,Challenger Energy Group's Positive Movement and Financial Metrics,Challenger Energy Group P...
Kingfisher Announces Appointment of Ian McLeod as Non-Executive Director and Departure of Catherine Bradley CBE
January 06, 2025 07:22 PM AEDT| By Team Kalkine MediaHighlights,Ian McLeod Joins the Board:,Accomplished retail executive with over 40 years of global experience, Ian McLeod, will join Kingfisher’s Board as a Non-Executive Director on January 20, 2025.,Catherine Bradley Steps Down:,Catherine Bradley CB...
Rising Costs and Closures Accelerate Pub Decline Across England and Wales
December 30, 2024 10:13 PM AEDT| By Team Kalkine MediaHighlights,412 pubs lost in 2024:,The highest number since the Covid-hit years, marking a sharp increase in closures.,Rising costs burden pub owners:,Increased National Insurance, minimum wage hikes, and reduced business rates relief are putting sign...
ECB Official Highlights Risks of US-China Trade War on European Economy
December 30, 2024 09:58 PM AEDT| By Team Kalkine MediaHighlights,Deflation Risk in Europe:,A US-China trade war could lead to a flood of cheap Chinese goods in Europe, potentially triggering deflation.,Steel Market Example:,The Chinese steel industry already illustrates how oversupply can pressure price...
Gelion PLC Highlights Progress in Battery Technology Development and Strategic Partnerships
December 27, 2024 09:26 PM AEDT| By Team Kalkine MediaHighlights,Technological Advances in Lithium-Sulfur Batteries:,Achieved 402 Wh/kg energy density with GEN 3 Li-S technology, making it 60% lighter than lithium-ion batteries.,Strategic Partnerships and Expansion:,Strengthened partnerships with Glenco...
Momentum vs. Recovery: The Battle of British Brands IAG and Diageo Heading into 2025
December 27, 2024 09:26 PM AEDT| By Team Kalkine MediaHighlights,IAG soars on transatlantic demand:,British Airways’ parent company enjoys momentum from robust pricing and operational improvements.,Diageo eyes recovery from US challenges:,Spirits giant faces headwinds but sees potential for a cyclical r...
UK Retailers Face Critical Financial Distress as Sector Challenges Mount
December 27, 2024 09:26 PM AEDT| By Team Kalkine MediaHighlights,Retailers in critical distress surge:,Over 2,100 UK retailers classified as in critical financial distress, a 25% rise in three months.,General retailers hit hardest:,Operational costs and weak consumer spending are key pressures on the se...
Electric Guitar PLC Transitions to AIM Cash Shell Following Subsidiary Liquidation
December 24, 2024 10:08 PM AEDT| By Team Kalkine MediaHighlights:,3radical Limited Liquidation Finalized:,Subsidiary liquidation marks the cessation of trading activities for Electric Guitar PLC.,Transition to AIM Rule 15 Cash Shell:,The company has until June 2025 to complete a reverse takeover or re-a...
Second-Hand Shopping Surges: Vinted Reports Pre-Owned Goods Sales to Hit £2 Billion This Christmas
December 24, 2024 09:50 PM AEDT| By Team Kalkine MediaHighlights:,£2 Billion in Sales:,Second-hand goods sales are projected to exceed £2 billion in the run-up to Christmas, reflecting a growing trend in pre-owned shopping.,10% of Christmas Shopping:,Pre-owned items are expected to make up 10% of all fe...
AI on the Rise: A Look at Top AI Companies and Their Stocks