Travis Perkins has said it made a positive start to its new financial year with total sales in the three months to 31 March rising by 13.6%. Sales in its merchanting segment grew by 17.9% with all businesses performing in line with expectations. Meanwhile, Toolstation total sales were down 6% as expected...
Amazon has reported its first loss since 2015 after trading was impacted by slowing sales, rising costs and its investment in electric carmaker Rivian. The online retail giant saw its revenues grow by 7% to $116.4 billion in its first quarter which marked its slowest growth rate in two decades. It also...
AO World has said its revenue declined by 6% to £1.56 billion in the 12 months to 31 March against strong prior year comparatives when the company was boosted by more people buying online during the Covid-19 pandemic On a two-year basis, group revenues increased by 52%. During the year, the electrical...
In The Style has said its revenue came in marginally ahead of guidance with growth of 28% to £57.3 million in its first full year as a public company. In the 12 months to 31 March, the retailer’s sales were up 197% on two years ago. During the year, In The Style...
Sainsbury’s has posted a 104% increase in its underlying pre-tax profit to £730 million in the year to 5 March, but has warned that the cost of living crisis will impact the outcome of its current financial year. While group revenue rose by 2.9% to £29.9 billion in the period, grocery...
H&M has announced that stand-up comedian, actor and writer Pete Davidson has become the face of its new menswear campaign. The retailer said the campaign will put personal style to the forefront and encourage men to enjoy clothes they already own as well as to buy vintage and add items from...
Lush is to give away 100,000 bath bombs to consumers online and in shops across the world in one of its biggest ever “random acts of kindness”. The mass giveaway will coincide with Lush’s first-ever World Bath Bomb Day which will take place on 27 April and is designed to promote...
Greggs has appointed former Selfridges HR director Lynne Weedall as a non-executive director. Due to take up her position on 17 May 2022, she will join the retailer’s board immediately after the close of its AGM that day. In addition to working with Selfridges, Weedall has also previously held senior HR roles...
WH Smith has been boosted by a profit rebound in the first half of its financial year as it looks ahead to capitalising on its ongoing recovery. In the six months to 28 February, the book and stationery retailer posted a headline profit before tax and non-underlying items of £14 million...
Lidl is to offer a finders fee to members of the public who are successful in helping it to identify sites for new stores. The supermarket is investing £1.3 billion in expanding its store portfolio across 2021 and 2022 and publishes an annual list of locations where it is interested in...
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