Inflation

Boohoo warns of further sales decline as profits drop 90%

Boohoo has warned that its sales are likely to be hit over the remainder of the financial year due to…

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Boohoo and Wilko cancel orders with suppliers amid slow sales

Boohoo has been cancelling and deferring orders from suppliers and Wilko has deferred payments to suppliers to protect its squeezed…

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Made.com for sale: what went wrong?

Made.com has officially put itself up for sale amid fears the business will be unable to raise fresh equity due…

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Footfall set to plummet in lead up to Christmas

Springboard has forecast that footfall across all UK retail destinations will decline on a month to month basis by -4.9%…

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Made.com to shed workforce amid plans for company sale

Made.com could reportedly cut over a third of its headcount alongside plans to explore a potential sale of the group,…

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Chancellor announces sweeping tax cuts in first mini-budget

Chancellor Kwasi Kwarteng has today (23 September) announced a ream of tax cuts alongside a £60bn energy support package as…

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Revolution Beauty to undergo investigation into audit failures

Revolution Beauty has said it will undergo an audit investigation after its failure to complete its auditing quickly enough, as…

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Consumer confidence plummets to record low in September

UK consumer confidence has plummeted to a record low of -49% in September, the lowest since 1974, according to the…

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BoE raises interest rates to 2.25%

The Bank of England has today (22 September) announced that interest rates will be raised by 0.5%, with rates rising…

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Inflation, fast fashion and how to keep shoppers in a recession

According to the Office for National Statistics (ONS), inflation is back in the single digits in August after it rose…

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