Crew Clothing plans to open at least 20 stores in 2025 January 29, 2025 Crew Clothing has revealed plans to open at least 20 stores across the UK this year. The fashion retailer announced its intention to expand further after the brand added 15 new locations over the course of 2024. That flurry of openings included a new store in Paddington, a move which marked the company’s return to [...]
Morrisons sales surge as customer loyalty pays off January 29, 2025 Eating into the market share of its rivals and growing its loyalty card scheme helped sales surge at supermarket giant Morrisons during its latest financial year. The Yorkshire-headquartered chain has reported a revenue of £15.2bn for the 12 months to 27 October, 2024, up from £14.7bn. Its group like-for-like sales also increased from 1.8 per [...]
Virgin Wines: ‘A decent Christmas was needed and delivered’ January 29, 2025 Virgin Wines delivered a strong Christmas trading performance and outperformed the wider market, although revenue remained flat year on year. Revenue increased by 6.7 per cent year-on year during the six weeks to 27 December, 2024, the company told markets this morning. Sales rose nine per cent in December 2024 versus December 2023, reaching the highest level since the Covid-19 lockdowns, [...]
WH Smith: Travel drives growth ahead of possible high street exit January 29, 2025 Revenue at WH Smith rose four per cent in the first half of the financial year, driven by growth in its travel stores as it prepares to exit the high street. Total travel revenue rose six per cent like for like in the 21 weeks to January 25, while high street revenue dipped three per [...]
Stella McCartney buys back LVMH stake in her eponymous fashion brand January 28, 2025 Stella McCartney has bought back LVMH’s 49 per cent stake in her fashion brand, which the luxury giant has held for five years. McCartney will continue to advise LVMH chief Bernard Arnault and the group’s executive team on sustainability issues as global ambassador on sustainability. “This new chapter for Stella McCartney reflects her desire to [...]
Wickes: Share price jumps as recovery gets underway January 28, 2025 Wickes has reported an uptick in the revenue for the second half of the year, driven by small retail purchases and lower losses in its installation segment. The company’s share rose more than 10 per cent in early trades. Revenue at the home improvement firm rose by 1.8 per cent in the six months ending [...]
Jollyes: Pets at Home rival to lower 3,000 prices and open new stores January 28, 2025 Pet superstore chain Jollyes has revealed plans to lower thousands of prices and open new stores across the UK. The retailer, which is a major rival to Pets at Home, has also announced a range of new benefits for its employees in a bid to attract new talent. The news comes almost a year after [...]
Dr Martens: Asia drives recovery for FTSE boot-maker as Europe falters January 27, 2025 Dr Martens reported a recovery in revenue driven by e-commerce sales in Asia and a turnaround in America. Overall group revenue rose by three per cent to £267m in constant currency, an adjustment of figures to align the number of reporting days in the current and prior reporting periods, in the third quarter of the [...]
UK listed firms issued third-most profit warnings ever last year January 27, 2025 One in five UK-listed companies issued a profit warning in 2024, according to EY, revealing the scale of the challenges facing the business community.
City broker slashes price target for Primark-owner Associated British Foods January 24, 2025 Analysts at Panmure Liberum downgraded their rating for Primark-owner Associated British Foods from ‘Buy’ to ‘Hold’ after Primark underperformed over the festive quarter. Panmure downgraded its target price for ABF to 1900p from 2800p. Its share price currently sits at 1,892.50p after falling five per cent in the last five days. Associated British Foods reduced [...]