The Paperchase greeting card and stationery retailer has been put up for sale just over four months after a change of ownership. The retailer was taken over in August by retail investor Steve Curtis. According to Sky News, Paperchase is being auctioned by accountancy firm PricewaterhouseCoopers. Curtis has been an operating partner at...
Marks & Spencer has posted a strong increase in food, clothing and home sales in the 13 weeks to 31 December. The company said its investment in value helped food sales to rise by 6.3% on a like-for-like basis. Its top tier M&S Collection range also performed well with sales growing...
ASOS has posted a decline in sales after experiencing volatile trading in the four months to 31 December. Revenue fell by 4% in the period when Russia was excluded. ASOS said the drop was broadly in line with expectations as a result of challenging trading conditions and the prioritisation of structural profitability...
Pepco Group, the owner of Pepco, Poundland and Dealz, has posted a 24% increase in group revenue to €1.65 billion in its first quarter. On a constant currency basis, revenue was up 27% year-on-year. In the three months to 31 December, group like-for-like sales climbed by 13% on a constant currency...
Sainsbury’s has posted a 7.1% increase in retail sales over the festive trading period after investing in value, innovation, service and availability. In the six weeks to 7 January, grocery sales rose by 7.1% while general merchandise sales came in stronger than expected with growth of 7.4%. Meanwhile Argos sales climbed by...
JD Sports has raised its full year guidance following a surge in sales over the Christmas trading period. The company said revenues in its organic retail businesses have strengthened throughout its second half with revenue growing by more than 10% in the 22 weeks to 31 December. This compares to an...
White Stuff has benefited from customers returning to in-store shopping in the run-up to Christmas. The fashion retailer saw its sales climb by 16% year-on-year in the nine weeks to 31 December. This included a 25% increase in in-store sales compared to 8% for online. The knitwear and partywear categories performed particularly...
Morrisons is helping its customers save money on fuel during the cost-of-living crisis by offering 5p off every litre at the pumps this January. Customers who spend £35 on qualifying products in-store until 15 January will receive a coupon giving them 5p off every litre of fuel purchased. The coupon is redeemable...
The Fragrance Shop has enjoyed record Christmas trading in-store and online following investment in its omnichannel strategy. The retailer posted an 11.2% uplift in underlying sales in the six weeks ending 31 December 2022 compared to the same period in the previous year. Trade was boosted by popular new fragrance launches such...
AO World has raised its full year guidance as actions to reduce costs and improve margins take effect. As a result, its board now expects adjusted EBITDA to be in a range of £30 million to £40 million for the the year to March, which is ahead of a previous guidance...
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