B&M has seen its full year revenues decline by 2.7% year-on-year to £4.67 billion, but sales were up 22.5% when compared to pre-pandemic levels two years ago. In the year to 26 March, the retailer’s group statutory pre-tax profit remained flat at £525 million. While B&M UK fascia revenue decreased by 4.1%...
Asda is opening a steak restaurant for one night only at its store in London’s Shoreditch where diners can enjoy “outstanding dishes prepared and plated with fine dining finesse” for free. Some 50 lucky winners will be able to secure their space at the Steak Bay pop-up by entering a prize...
IKEA UK returned to profit in the year to August 2021, with significant demand driving sales of £1.96b (+2.7% YoY), despite the stores being closed for up to 17 weeks during that period. Turnover was up +2.7%, and operating profit reached £61.2m (against a loss of -£32.7m in the previous financial...
L’Oréal has launched a new investment fund to support female-led start-ups. Part of L’Oréal’s BOLD entire capital fund, BOLD Female Founders will focus on investment opportunities worldwide across the wider beauty ecosystem, including brands, beauty tech, biotech and green science. L’Oréal said the move is the latest step in its longstanding commitment...
The Flannels premium fashion chain will see cosmeceutical brand ESHO open a dedicated ‘tweakments’ space in its new Liverpool store when it opens in June. In addition to treatments, the space will allow visitors to purchase ESHO products in person for the first time, as well as online at Flannels. The Flannels...
Ted Baker reported a narrowing of its full-year losses on Thursday as revenues grew, and the fashion retailer hailed a rise in first-quarter sales. In the year to 29 January, pre-tax losses narrowed to £44.1m from £107.7m the year before, while underlying pre-tax losses narrowed to £38.4m from £59.2m. Revenues rose...
Mango is launching a beauty category on its new online marketplace to enable it to sell products from the Rituals bath, body and home brand. The company is initially selling the products in its home country of Spain, but will expand the offering to selected European markets in the next six...
Asda has posted a 9.2% drop in first quarter like-for-like sales compared to the corresponding “exceptional” period at the same time last year, which coincided with the UK’s third national lockdown. In the three months to 31 March, Asda’s like-for-like food sales declined by 7% year-on-year as people ate fewer meals...
Future Workforce has partnered with Liberty London to digitise processes and increase operational efficiencies through software robotics. Liberty and Future Workforce will use UiPath software robotics tools to automate business-critical tasks across the digital and trade teams. This will allow the e-commerce teams to launch products on the website faster than...
JD Sports has announced that Peter Cowgill has stepped down as executive chairman following a decision to accelerate the separation of the roles of chair and chief executive within the business. Cowgill has been in charge of JD without a chief executive since Barry Bown left in 2014. According to reports,...
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