Castore: Andy Murray sportswear brand backed by billionaires tops growth list November 7, 2024 British sportswear brand Castore, which is backed by the likes of Sir Andy Murray and the billionaire Issa brothers, has been named as the UK’s fastest growing retailer. The Manchester-headquartered company has topped the list from Retail Index which analyses revenue growth over a two-year period. Based on the figures used for the ranking, Castore’s [...]
Mamas & Papas: M&S and Next deals boosts sales to new record November 7, 2024 High street nursery brand Mamas & Papas has reported record sales thanks to the success of its deals with M&S and Next. The Huddersfield-headquartered company has posted a revenue of £154.3m for the 12 months to 31 March 2024, up from the £144.1m it achieved in the prior year. The business said that its revenue [...]
Reebok profit surges as international sales take off November 7, 2024 Profit surged at Reebok in the first full year since being acquired by Authentic Brands, it has been revealed. The Cheshire-headquartered group has posted a pre-tax profit of $176.8m (£147m) for 2023 while its turnover totalled $276.4m. The results, revealed in newly-filed accounts with Companies House, were filed after the 31 September deadline. The new [...]
One Stop sales jump at Tesco-owned convenience store chain November 7, 2024 Sales at convenience store chain One Stop, which is owned by Tesco, jumped to almost £1.3bn during its latest financial year. The Walsall-headquartered business has posted a revenue of £1.29bn for the 12 months to 24 February, 2024, up from the £1.17bn it achieved in the prior year. Newly-filed accounts with Companies House have also [...]
Mike Ashley’s Frasers Group warns Boohoo over break-up plans November 6, 2024 Mike Ashley’s Frasers Group has handed Boohoo a list of demands after its campaign to install the retail tycoon as the new CEO of the fast-fashion giant failed last week. The owner of Sports Direct and House of Fraser had sought to get Mike Ashley installed as the new chief executive of Manchester-headquartered Boohoo, in [...]
Asda cuts jobs and demands three-days-a-week return to office November 6, 2024 Asda has announced job cuts and asked its staff to return to the office three days a week in the latest move in its turnaround plan. In an internal email on 5 November, the grocer said it was changing its office attendance policy at its George House site in Leicester as well as its Asda [...]
Huge pay day for Cheshire Oaks owner as profit almost triples November 5, 2024 The group behind outlet shopping centres such as Cheshire Oaks has issued a huge dividend to its owner after its sales and profit surged. Mcathurglen UK has issued a dividend of £58.9m for 2023 after paying out £2.2m in 2022. Newly-filed accounts with Companies House also show that the group’s revenue jumped from £128.4m to [...]
Primark earnings jump despite weather hit November 5, 2024 Budget retailer Primark has seen annual earnings jump by more than 50 per cent in spite of an early summer weather hit to sales. Owner Associated British Foods reported a 53 per cent rise in operating profits at Primark, to £1.1 billion over the year to September 14 as groupwide like-for-like sales lifted 1.2 per [...]
Mike Ashley helps Hornby clean house after strategic review November 5, 2024 Hornby, the international models and collectables group advised by billionaire Frasers Group founder Mike Ashley, has announced the sell-off of a loss-making part of its business and the departure of its former chairman. The Kent-based listed company, in which Frasers owns a stake, has announced the LCD Enterprises is to be sold to EKD Enterprises, [...]
Should a business be like your family? The boss of B&Q thinks so November 5, 2024 A business should be more like a family in order to attract employees with the right moral and cultural judgements, the boss of B&Q has said.