Automation

In The Style owners line up administrators

In The Style is reportedly on the brink of insolvency less than two years after it was sold to Baaj…

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Retail sales increase 2.6% despite ‘stormy’ January

UK total retail sales increased by 2.6% year-on-year in January, against a growth of 1.2% in January 2024, as consumer…

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NI increase will force retailers to raise prices, BRC warns

The British Retail Consortium (BRC) has warned that the National Insurance Increase, set to come into place this April, will…

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Asos to shut US distribution centre to help boost profitability

Asos is set to close its US distribution centre and instead fulfill its US orders from the UK, as part…

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Today’s news in brief-17/12/24

Shein’s potential London IPO may challenge regulatory norms as the company reportedly seeks a waiver from the UK’s 10% public…

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Retail loses 225,000 jobs in five years

The retail industry has lost 225,000 jobs in the last five years, according to data from the Office for National…

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Today’s news in brief-13/12/24

Hundreds of Harrods workers, including retail, restaurant, and cleaning staff, are set to strike on 21–22 December and Boxing Day…

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In The Style losses narrow amid job cuts

In The Style has revealed that it posted a loss-before-tax of £2.7m for the year ended 31 March 2024, compared…

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Currys HY losses narrow as it warns of price rises

Currys has posted a loss before tax of £10m for the half year ended 26 October 2024, up from £44m…

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Frasers lowers profit guidance as H1 sales fall 8.4%

Frasers Group has lowered its profit guidance for FY25 to between £550m to £600m, having seen its sales fall by…

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