Latest finance news – Page 7
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NewsShein braces for Trump tariff hit after profits fall
Shein has warned that uncertainty around new US trade tax rules will weigh on profits after taking a hit from rising costs last year.
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NewsIkea sees sales decrease in UK, citing weak economy
The furniture retailer announced retail sales of £2.25bn in its 2025 financial year, which runs to August, down by 2.1% on the year before.
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NewsBain forecasts “subdued” festive sales growth in the UK
The management consultancy firm says that “poor consumer confidence and ongoing economic uncertainty” means most sales growth with likely be due to inflation, with sales volumes set to decrease, Retail Week can reveal.
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NewsProCook posts record first-half performance
ProCook has seen sales climb for its eighth consecutive quarter as its store and marketing strategies pay off.
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NewsSosandar returns to revenue growth in first half
Fashion retailer Sosandar has reported that it was back in growth in the first half of its financial year.
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NewsMarks & Spencer extends chair Archie Norman’s tenure
Marks & Spencer chair Archie Norman is to stay in post for an extended period so the retailer can benefit from his “continued strong leadership”.
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NewsTHG reports ‘best quarter’ of trading in four years
Online beauty and nutrition group THG has reported its “strongest quarter of organic sales growth” since 2021.
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NewsRetail sales growth slows as Budget uncertainty and weather delay spending
The rate of retail sales growth moderated in September as factors such as a looming Budget and warm weather affected trading conditions.
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NewsIceland boss says private equity firms causing ‘death of the high street’
Iceland boss Richard Walker has said private equity ownership in the UK has caused more damage to retail than any other entity.
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NewsCo-op warns 150,000 jobs at risk without business rates reform
Co-op has called on the government to do more in the Budget to protect small shops, warning a failure to do so could cost 150,000 jobs.
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NewsUniqlo owner Fast Retailing posts fourth year of record profits
Uniqlo owner Fast Retailing has posted its fourth consecutive year of record profit, citing “large revenue and profit gains” across its international business.
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NewsRetail group behind Wilko and The Range returns to profit
The retail group consisting of The Range, Wilko, and more recently Homebase, has seen a return to profit.
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NewsLow consumer confidence weighs on UK retail footfall
Low consumer confidence ahead of the upcoming Budget next month is driving shoppers away from retail locations, the British Retail Consortium (BRC) has warned.
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NewsFrasers Group snaps up majority stake in US luxury retailer
Frasers Group has snapped up a majority stake in US luxury multi-brand retailer The Webster as the retail giant ramps up its international expansion.
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NewsN Brown to axe hundreds of jobs as it trims costs
N Brown Group is planning to cut some 270 roles across its head office and warehouse as it looks to trim costs.
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NewsModella Capital demands rent cuts from Claire’s landlords
Private equity firm Modella Capital has demanded rent holidays until after Christmas from the landlords of the stores it acquired as part of its £3.6m deal to save the struggling retailer, Retail Week understands.
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NewsB&M unveils turnaround plan after issuing profit warning
Value retailer B&M has launched a “decisive” turnaround plan, after issuing a profit warning for the first half.
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NewsModella Capital weighs up bid for New Look
New Claire’s Accessories owner Modella Capital is understood to be considering a potential bid for womenswear brand New Look, Retail Week understands.
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NewsWhite Stuff sales boosted by new store openings
White Stuff has delivered a 20% increase in full year sales, boosted by new store openings, customer acquisition and its ongoing brand transformation.
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NewsLidl investment in price tops £250m ahead of Christmas rush
Discount giant Lidl has today announced it has invested £250m in price this year, ahead of the all-important festive trading season.