George

Asda plans to overtake Primark as UK’s biggest clothing retailer

Asda is reportedly planning to overtake Primark as the UK’s biggest clothing retailer, The Telegraph has reported.  According to the paper, chairman Allan Leighton believes that the supermarket’s clothing brand, George, can help lead a turnaround for the company. As part of these plans, 100 Asda stores are set to…

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Dobbies appoints two new directors in executive reshuffle

Dobbies Garden Centre has announced the appointment of two new directors, George Hutchinson and Richard Herbert, as part of efforts to strengthen its executive team.  News of the appointments comes as operations director, Nick Anderson, steps down after 12 years with the business.  Hutchinson previously served as regional operations director…

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Is kidswear holding fashion retailers back?

Children’s apparel rarely commands the spotlight in retail reporting – but when it underperforms, the drag is felt quietly across the balance sheet. In its latest financial results, Adena Brands – owner of Monsoon and Accessorize – reported a £7.5m pre-tax loss and an 11% decline in group sales. The…

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Asda Q1 revenues fall 5.9% to £5bn

Asda has seen its total revenues fall 5.9% year-on-year to £5bn, excluding fuel, for the first quarter to 31 March, but revealed that it is seeing “green shoots” in its sales performance.  While like-for-like sales during the period declined by 3.1%, this represents a 1.1% improvement on the fourth quarter…

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Primark UK sales fall 4% in H1 as US and Europe boost growth

Primark’s sales grew by 1% to £4.47bn in the first half of the year, with adjusted operating profit up 8% to £540m, as weaker UK and Ireland sales were offset by growth across the US and Europe. In both the UK and Ireland, sales fell by 4% despite good like-for-like…

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Dreams appoints Feather & Black GM amid expansion plans

Dreams has appointed Sarah Morgan as general manager of Feather and Black, Dreams’ luxury brand offering. Dreams acquired Feather and Black in July 2020, as part of its long-term strategy to strengthen its premium offering. Since then, it said the brand has played an important part in Dreams’ diversification. Moving…

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Today’s news in brief-31/3/25

Primark CEO Paul Marchant has resigned with immediate effect following an investigation into an allegation regarding his behaviour towards a woman in a social setting. Parent company ABF launched an external probe, after which Marchant acknowledged his “error of judgement” and apologised to the individual, the board, and Primark employees.…

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Primark boss resigns following investigation into behaviour allegations

Primark CEO Paul Marchant has stepped down from his role with immediate effect following an allegation from a woman concerning his “behaviour towards her in a social environment”.An investigation into the allegation was initiated by ABF and carried out by external lawyers following the claim. ABF said Marchant cooperated with…

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Furniturebox returns to profit as FY sales rise 20% to £25m

Furniturebox has reported a profit of £612,288 for the year ended 31 July 2024, as sales in the period rose by 20.6% to £25.6m.  News comes after the retailer sustained a £1.03m loss in the previous year due to a £3m investment in its new warehouse headquarters.  Turnover in the…

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Monsoon opens two boutiques at Gatwick airport

London fashion retailer Monsoon has announced the opening of its first two new travel boutiques in London Gatwick’s North and South Terminals. Adorned with the brand’s signature fabric chandelier centrepieces, the boutiques offer a space in which passengers can shop an extended range of ladies beachwear, including some Gatwick-exclusive lines,…

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