Inflation

Naked Wines axes roles in plan to ‘pivot to profit’ 

Naked Wines has made around 6% of its workforce redundant as part of a raft of measures to help the…

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Wilko calls in advisers amid cost-cutting measures

Wilko has reportedly drafted in Teneo as advisors as the retailer seeks to cut costs across the business amid the…

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Rising food prices push inflation back to 10.1%

Inflation has returned to the 40-year high of 10.1% in September, up from 9.9% in August, with rising food prices…

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Asos profits plunge 105% as group outlines turnaround strategy

Asos has seen its profits plummet 105% to a loss of £9.8m in its latest full-year results, down from profits…

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Boohoo CIO exits business after three years

Boohoo’s chief information officer (CIO), Jo Graham, has announced her departure from the business after three and a half years…

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ScS sees revenues rise but warns of reduced consumer confidence

ScS has reported a record 8.6% revenue rise in its preliminary results for the 52-week period ended 30 July 2022,…

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Unemployment at lowest level in 50 years as pay levels fall

The UK unemployment rate dropped to 75.5% for June to August 2022, down 0.3 percentage points from the previous quarter…

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Retail sales rise 2.2% in September

The British Retail Consortium (BRC) Sales Monitor reports that, on a total basis, sales increased by 2.2% in September, against…

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Superdry swings to profit but ‘cautious’ on near future

Superdry has returned to profitability as pre-tax profits surged to £21.9m in the 53 weeks ended 30 April 2022 (FY22),…

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Footfall slows to +6.8% in September

UK footfall slowed for the third consecutive month and now sits just 6.8% compared with the same period in 202,…

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