Economic Headwinds

Today’s news in brief-14/5/25

Luxury fashion brand Burberry has announced plans to cut up to 1,700 jobs globally following a challenging financial year. The…

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Hilco closes in on Lakeland deal

Family-owned homeware retailer Lakeland is close to being acquired by high-street investment firm Hilco Capital, according to reports from Sky…

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Today’s news in brief-25/3/25

WH Smith has successfully completed a refinancing deal, securing a £200m US Private Placement and a new £120m bank term…

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Are consumers stuck in an endless cycle of ‘aesthetic’ dupes?

The retail landscape is increasingly defined by a relentless cycle of “aesthetic” dupes – fast, trend-driven products designed to mimic…

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In The Style rescued from administration with Alps Sourcing deal

Online fashion retailer In The Style has been sold out of administration to Alps Sourcing Limited, saving 87 jobs in…

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Virgin Wines revenues rise 6.7% over Xmas season

Virgin Wines has reported that revenues rose by 6.7% year-on-year during the six-week period to 27 December 2024, as sales…

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M&S celebrates bumper Xmas as sales top £4bn

M&S has reported a successful Christmas trading update as its total group sales increased by 5.6% to £4bn in the…

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Moonpig to meet full-year guidance despite market challenges

Moonpig has revealed that it expects to hit its guidance for FY25 despite the ongoing “challenging environment” and consumers pulling…

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New season, new start – what’s next for the retail sector

As retailers look to unveil the new products of the season, there is an opportunity to start afresh – and…

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Virgin Wines sales fall by £10m in FY23

Virgin Wines has seen revenues fall to £59m in FY23, down from £69.2m, as the group battled with economic headwinds…

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