Wickes has reaffirmed its full year guidance after trading in the year-to-date came in line with expectations. In a trading update, the company said group like-for-like sales in the first 20 weeks of its financial year were down 0.6% on the same period in the prior year. While core like-for-likes fell...
Tile retailer Topps Tiles has reported record first half revenue as ‘robust’ demand for home improvements continues. The Leicestershire-headquartered business – which wants to win £1 in every £5 spent on tiles by 2025 – recorded revenue of £119.2 million for the 26 weeks to April 2, 2022, which is the...
L’Oréal has made a minority investment in Japanese beauty start-up Sparty through its venture capital fund, Bold. The move marks L’Oreal’s first venture capital investment in Japan. Based in Tokyo, Sparty offers personalised beauty through a direct-to-consumer business model with brands such as Medulla in haircare and Hotaru in skincare. Jean-Pierre Charriton, chief...
Buy now, pay later company Klarna is to reduce its workforce by 10% in a move which it has attributed to declining consumer confidence, inflationary pressures, a volatile stock market and likely recession. In a blog post, Klarna chief executive Sebastian Siemiatkowski said the company had re-evaluated its organisational structure to...
Pets at Home has increased its full year revenue by 15.3% to £1.317 billion to mark a record year for the business. In the 53 weeks to 31 March, retail revenue grew by 18.5% after store and online sales rose by 17.7% and 18.4% respectively. Meanwhile, underlying pre-tax profit climbed by 65.3%...
Gymshark Group has reported a 54% increase in revenue in the year to July 31 2021. The sportswear giant made net revenue of 401.9 million pounds, up from 260.7 million pounds a year earlier, according to filings at Companies House. The Solihull-based group’s profit before tax increased to 45.4 million pounds from...
The Vintage Store has chosen Liverpool ONE for the opening of its largest store to date. Set to launch at the end of May, the site will span 12,000 square feet. The store will feature the brand’s signature collection of vintage clothing from sportswear brands such as Adidas, Nike and Champion as...
Mamas & Papas is to create up to 200 new jobs as it looks to expand its UK concessions with Next over the coming year. The 19 new locations will include places like Chelmsford, Cheltenham, Crawley, Ipswich, Oxford and Poole. Mamas & Papas already operates 14 concessions with Next and also has...
Tortilla has acquired fellow Mexican food chain Chilango for £2.75 million from investment firm RDCP Group. Chilango operates eight sites across the UK which offer both eat-in and take away options. The company also has a delivery channel which is supported by it own delivery kitchens. Tortilla said the move will accelerate...
Tesco has confirmed that it will be removing volume-led promotions on unhealthy food and drink products in October as planned. The news comes despite the Government’s announcement that restrictions on multibuy deals on foods high in fat, salt or sugar are to be delayed for a year. The supermarket said it was...
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