Consumer Confidence

Today’s news in brief-31/1/25

Homebase, the DIY retailer that collapsed into administration in November 2024, owes more than £650m to unsecured creditors, including suppliers…

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John Lewis warns staff on profits amid missed sales targets

The John Lewis Partnership has fallen short of its profit targets in Q4 after both Waitrose and John Lewis “missed…

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Today’s news in brief-24/1/25

Morrisons has announced plans to cut over 200 jobs as part of a restructuring effort aimed at reducing costs and…

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The Works maintains guidance as HY revenues rise 1.3% to £124m

The Works is maintaining its full-year guidance as total revenues rose 1.3% to £124.2m in the first half of FY25,…

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Consumer confidence drops five points in January

Consumer confidence decreased by five points to -22 in January, GfK’s latest Consumer Confidence Index has revealed.  According to the…

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Today’s news in brief-21/1/25

Aldi has announced a significant pay increase for its store assistants, setting a new minimum hourly rate of £12.71, rising…

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Shoe Zone profits fall in ‘year of two halves’

Shoe Zone has revealed that its profit before tax fell to £10.1m for the year ended 28 September 2024, down…

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Bira calls for gov action following ‘disappointing’ December sales

The British Independent Retailers Association (Bira) is calling for urgent government intervention following “disappointing” December retail figures, which show sales…

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Today’s news in brief-15/1/25

Inflation in the UK unexpectedly fell to 2.5% in December, marking its first decline in three months, according to the…

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Is New Look right to close up shops?

The tax increases unveiled in the October 2024 budget have further complicated the outlook for retailers in the new year.…

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