Latest finance news – Page 103
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NewsChristmas footfall highest since pandemic as strikes spur shoppers to high street
The number of shoppers visiting high streets and malls rose in 2022, but retail park numbers decreased, the latest figures suggest.
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NewsBoots’ focus on value delivers strong Christmas performance
Boots’ focus on value has paid off this Christmas as it posted an 8.7% increase in like-for-like sales for the three months to November.
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NewsTrouva acquired by personal shopping platform Re:store
Trouva, the online marketplace for independent brands, has been bought by Cambridge-based digital personal shopping platform Re:store for an undisclosed sum.
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NewsGreggs beats strikes and bad weather to post strong seasonal sales
Food-on-the-go specialist Greggs generated a big Christmas sales rise to end the year strongly.
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NewsNext ups profit guidance as Christmas sales beat expectations
Fashion powerhouse Next has increased its earnings guidance after a strong Christmas performance.
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NewsWilko secures £40m lifeline as it reshuffles non-executive board
General merchandise retailer Wilko has secured a £40m funding lifeline from noted high street lender Hilco and has announced a change at the head of its board.
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NewsGrocery sales hit record £12.8bn over Christmas as inflation drives up prices
Take-home grocery sales passed the £12bn mark for the first time in December, with inflation the key driving factor as volumes decreased.
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NewsFood inflation leaps to highest rate on record
Food inflation has risen to its highest rate on record, accelerating to 13.3% last month, the latest figures from the BRC-Nielsen Shop Price Index have shown.
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NewsAldi hails record Christmas as World Cup and festive trading boost sales
Aldi has reported surging sales as the World Cup and the festive period, combined with a flight to value driven by the cost-of-living crisis, helped deliver its “best Christmas ever”.
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NewsRetail Week and World Retail Congress bought by William Reed
Retail Week and World Retail Congress have been acquired from Ascential by family-owned publishing business William Reed.
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NewsThe Perfume Shop hails ‘best ever’ Christmas with record number of bottles sold
The Perfume Shop has hailed the resilience of perfume as a gifting category after it sold a record number of bottles over the Christmas trading period.
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NewsJoules owed more than £100m when it hit the wall
Fashion retailer Joules was nearly £114m in the red when it collapsed last month.
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NewsAsos shareholders urged to rebel at AGM next month
Troubled online fashion giant Asos faces the prospect of a shareholder rebellion at next month’s AGM.
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NewsMade.com customers to be left £12m out of pocket, warn administrators
Tens of thousands of Made.com customers will collectively lose out on £12m worth of deposits made around the time the retailer collapsed into administration.
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NewsBoxing Day Sales drive retail footfall resurgence
Footfall to UK retail destinations jumped 40% year on year on Boxing Day as customers hunted for bargains amid the cost-of-living crisis.
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NewsFashion marketplace Atterley collapses into administration
Scottish online fashion retailer Atterley.com is in the process of appointing administrators, it has emerged.
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NewsSuperdry secures £80m lifeline before end-of-year deadline
Fashion retailer Superdry has secured a new £80m loan facility ahead of a January deadline, but warned of “extremely challenging” market conditions.
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NewsMatalan outlines timeframe for completion of sale
Embattled fashion retailer Matalan says it has received bids from a “number of interested parties” and expects to complete the sale process by the end of January.
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NewsRetailers hope late shopping surge will provide Christmas trading miracle
Retailers remain hopeful that a late shopping surge will help save Christmas trading, despite the cost-of-living crisis and the added complications of rolling strike action.
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NewsOak Furnitureland defies sector gloom as it returns to profitability
Oak Furnitureland has defied ongoing pandemic-induced disruption and soaring inflation in freight and raw materials to post a 10% year-on-year uplift in group revenue and a return to profit.