Dr Martens has posted an 18% uplift in underlying revenue to £418.6 million in its half year results after trade was boosted by continuing investment in growing its global store footprint. However, pre-tax profit slipped by 5% to £57.9 million in the six months to end September, although EBITDA was maintained...
Record customer levels at Pets at Home have helped the retailer to grow its first half revenue by 7.3% to £727.2 million. In the six months to 13 October, retail revenue climbed by 6.8%, with like-for-like growth of 5.9%. Meanwhile, vet group revenue increased by 12.4% and by 10.5% on a...
Sainsbury’s will donate £3 million to fight food poverty this Christmas as it looks to help people in need during the cost-of-living crisis. As part of this, the supermarket has launched the Nourish the Nation campaign with longstanding charity partner Comic Relief in which it will encourage customers to donate. Sainsburys...
Waitrose is to make its shops more energy efficient as it looks to combat rising energy prices and reach its goal of net zero emissions by 2035. The supermarket is switching its in-store heating from fossil fuel to electric heat pumps that are powered by zero-carbon renewable energy. In addition to the...
H&M has quietly closed one in five of its shops in the UK according to reports. The fashion giant has closed 56 stores since its peak in the months before the pandemic struck. The Ipswich branch of H&M has confirmed that it will be closing its doors before Christmas. It leaves the...
Aldi is set to launching its first ever clothing campaign, the ‘Aldi Originals’ range. With trainers dubbed as ‘Aldidas’, social media fans are describing the drop as its “its most daring campaign yet”. The collection is sportswear inspired featuring hoodies, joggers, and even trainers – which the supermarket says “will make wearers...
Boots is kickstarting its “most affordable Christmas yet” with its biggest ever weekend of deals this Black Friday. The health and beauty retailer will be offering over 18,000 promotions spanning Christmas gifting, electrical beauty and premium cosmetics ranges, with discounts of up to £320. Having launched a whole month of Black Friday...
AO has seen its losses widen after the cost-of-living crisis led to reduced consumer demand in the electricals market. In the six months to 30 September, AO’s revenue declined to £546 million from £661 million at the same time last year while its loss increased to £12 million from £4 million. In...
It has been reported in the Retail Bulletin that Naked Wines has appointed Stephen Bolton as a non-executive director with immediate effect. He will also chair the company’s audit committee. Bolton possesses nearly forty years’ experience in the areas of operational and strategic finance, investor relations, M&A, internal audit and risk and...
The Estée Lauder Companies has signed an agreement to acquire the Tom Ford brand in a $2.8 billion deal. The cosmetics giant said the purchase means it will secure long-term cash flow from owning the fast-growing Tom Ford Beauty brand beyond the existing license expiration in 2030. It will also benefit...
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