Poundland is to take on around 1,200 seasonal staff members to work in its stores in the run-up to Christmas. The temporary roles will end on Christmas Eve, although some colleagues may be taken on permanently if positions are available. As a thank-you to all 18,000 Poundland and Dealz team members for...
WH Smith has returned to profit after a successful year in which it reached its strongest ever position in the travel market. In the 12 months to 31 August, the book and stationery retailer posted a pre-tax profit of £61 million compared to a loss of £104 million last year. Furthermore, revenue...
Depop is to launch a three-day pop-up in London’s Oxford Street as it looks to encourage more people to buy second hand and circular fashion. The move will see four leading sellers at Depop being brought into the real world at the Sook rentable pop-up space. Celiapops and Identityparty will be in...
It has been reported in the Retail Bulletin that the boss of Revolution Beauty has quit as an investigation continues into the troubled make up and beauty business. Chief executive officer Adam Minto has resigned from the business with immediate effect, the company told investors on Wednesday. It comes after an investigation...
Shoppers across the UK are expected to spend an estimated £850 million less on Black Friday and Cyber Monday according to research from shopping comparison site finder.com. The study found that Black Friday and Cyber Monday spending is set to drop by almost a fifth (18%) this year, as Brits seek...
It has been reported by the BBC that Made.com has gone into administration, leading to the loss of up to 500 jobs. The firm, which enjoyed soaring sales during Covid lockdowns, hit problems as households cut back and has appointed PWC as the administrator. The fashion and furniture retailer Next is buying...
Primark has seen its sales return to pre-Covid levels after it benefited from an increase in footfall following the easing of Covid related restrictions. In the year to 17 September, the fashion retailer’s total sales climbed by 43% to £7.7 billion while adjusted operating profit increased by 81% at constant currency...
DFS has named John Fallon as its new chief financial officer. He will join the company’s board as an executive director on 14 November. Fallon previously worked with Asda for 20 years where his most recent role was group chief financial officer. This involved playing a key role in the supermarket’s recent...
Marks & Spencer has posted an uplift in half year sales and profit after it benefited from “robust” trading within its food and clothing businesses. In the six months to 1 October, statutory pre-tax profit rose to £208.5 million from £187.3 million in the prior year. However, pre-tax profit before adjusting items...
It has been reported in the Guardian that Britain’s retailers are bracing themselves for a tough Christmas trading period as hard-pressed consumers react to a worsening cost of living crisis by cutting back on spending. With the most profitable period of the year for shops and online outlets approaching, two surveys...
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