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Retail

  • London Westfield owner looks to Paris Olympics for sales boost

    February 8, 2024

    Westfield mall owner Unibail-Rodamco-Westfield (URW) believes the Paris Olympics will boost sales in 2024, with a number of its Viparis convention venues hosting events during games. 

  • Profits rise at DFS-owned Sofology as it opens new stores

    February 8, 2024

    Profits at Sofology increased during its latest financial year as it opened more stores across the UK.

  • Revolution Beauty targets £1bn sales, leaving string of scandals behind

    February 8, 2024

    Lauren Brindley, Revolution Beauty's newly appointed chief and former Boots executive, is set to inform investors about its business strategy at a capital markets event taking place today. 

  • Travelex revenues jump one quarter as international travel rebounds and jet setters choose cash

    February 8, 2024

    Chief executive Richard Wazacz said the results showed that travellers were "making up for lost time"

  • Unilever: Analysts say ‘elephants don’t gallop’ after disappointing performance

    February 8, 2024

    Consumer giant Unilever has shuffled more than half of its senior team in the last four months

  • Watches of Switzerland: Firm ‘encouraged’ by tourist tax review as UK market underperforms

    February 8, 2024

    Luxury retailer Watches of Switzerland is continuing to feel the pinch from rich shoppers scaling back and the damage wrought by the so-called ‘tourist tax’. In an update this morning, the Rolex seller said group revenue declined by one per cent to £397m in the third quarter, and in the UK and Europe it fell [...]

  • British American Tobacco slumps to £15.7bn loss as higher impairment charge on US brands wipes out profit

    February 8, 2024

    British American Tobacco has said the size of its writedown on the value of its US brands has increased to £27.3bn.

  • Gaucho and M owner delivers juicy growth again despite consumer fears

    February 8, 2024

    THE RESTAURANT group behind Gaucho and M consolidated a bumper post-pandemic year in 2022 with double digit profit growth in 2023

  • The Co-op hit by nearly 1,000 shoplifting, abuse, violence and anti-social behaviour incidents every day in 2023

    February 8, 2024

    The Co-op experienced almost 1,000 incidents of shoplifting, abuse, violence and anti-social behaviour every day across its stores during 2023, new figures have revealed.

  • Sainsbury’s refuses to rule out job cuts in £1bn ‘food first’ strategy

    February 7, 2024

    Sainsbury’s did not rule out job cuts as part of its strategy update which aims to save £1bn and ramp up the amount of food it sells in its supermarkets.  This morning, the UK’s second biggest grocery chain said it would slash the amount of general merchandise and clothing it sells in its shops, describing [...]

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