National Living Wage

Shoe Zone profits remain flat amid rise in revenues

Shoe Zone has reported that its adjusted profit before tax remained flat at £2.5m for the 26 weeks to 30…

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The Works expects return to profit amid cost-cutting plans

The Works is anticipating a return to profit in its new financial year, having reported flat sales for FY24, following…

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Today’s news in brief-29/4/24

Ted Baker’s European operations are on the brink of administration, endangering 149 jobs. The potential collapse affects stores and concessions…

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Monsoon Accessorize profits fall amid ‘difficult trading’

Monsoon Accessorize has seen its EBITDA fall 18% to £20m for the year ended 26 August 2023. The company stated…

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Number of retailers going insolvent jumps to 2,195, says Mazars

The number of insolvencies of retailers increased 19% in the past year to 2,195 in 2023/24, up from 1,843 in…

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Shop price inflation falls to lowest level in two years

Shop Price annual inflation eased to 1.3% in March, down from 2.5% in February, marking its lowest level since December…

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Holland and Barrett to increase hourly staff pay to £12

Holland and Barrett is set to increase its hourly pay by 9% to £12, almost 5% above the National Living…

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Today’s news in brief-13/3/24

Morrisons reported a loss of £1.1bn for the year ending October 2023. The increase in debt, mainly due to the…

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Shoe Zone warns trading to be ‘marginally below’ expectations

Shoe Zone has warned that its trading is marginally below expectations, due to an increase in National Living Wage and…

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Shop price inflation drops to lowest level since 2022

Shop Price annual inflation eased to 2.9% in January, down from 4.3% in December, marking the lowest level since May…

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