Covid-19

Clarks returns to profit in FY22 amid repositioning

Clarks has announced it has returned to profit for the year ended 29 January 2022, with pre-tax profits rising to…

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Virgin Wines posts profit upturn as it warns of oncoming crisis

Virgin Wines has said that its profits before tax rose to £5.1m for the year ended 1 July 2022, up…

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Retail sales fall below pre-pandemic levels

Retail sales volumes fell by 1.4% in September 2022, making them 1.3% below pre-coronavirus (Covid-19) February 2020 levels. According to…

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Greggs wins initial ruling in £150m Covid insurance case

Greggs has reportedly won a landmark ruling in the high court that supports its case to claim more than £150m…

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CMA set to greenlight Morrisons’ McColl’s takeover

The Competition and Markets Authority (CMA) is set to greenlight Morissons’ proposal to acquire McColl’s after accepting proposals for the…

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The Works revenues rise by 46.5% in FY22

The Works has welcomed “strong” financial results in FY22 and made strategic progress as the group’s total revenue reached £264.6m…

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Unbound Group reports ‘encouraging’ H1 despite £0.3m lose

Hotter Shoes owner, Unbound Group, has reported an EBIT loss of £0.3m for the first half of 2022 after taking…

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Retail sales fall 1.6% in August as cost of living begins to bite

Retail sales fell by 1.6% in August this year, due to rising prices and cost of living which are affecting…

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Mothercare profits hit £12m in FY22

Mothercare has revealed that the group’s profit for the 52 weeks to 26 March 2022 reached £12.1m, compared to its…

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Is the rise in distressed M&As set to continue?

The number of merger and acquisition (M&A) deals targeting UK retailers has increased in the last year, up from 28…

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