Pandemic

Kingfisher lowers upper end of FY guidance

Home improvement retailer Kingfisher has lowered its upper guidance for its FY 22/23 pre-tax profit range despite seeing an increase…

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The Fragrance Shop appoints Peter Cowgill as first NE chairman

The Fragrance Shop has announced former JD sports boss Peter Cowgill as its first ever non-executive chairman. Cowgill suddenly quit…

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Pets at Home H1 profits dented by rising freight and energy costs

Pets at Home has seen underlying profit before tax fall by 9.3% to £59.2m in the first half of the…

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H&M closes one in five UK stores amid sales hit

H&M has closed around one in five of its shops in the UK, according to The Mail on Sunday, as…

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October sales rise 0.6% but remain behind pre-Covid levels

The Office for National Statistics (ONS) reported that retail sales volumes rose by an estimated 0.6% in October, following a…

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Job cuts will continue into 2023, warns Amazon CEO

Amazon has confirmed that further cuts to its workforce should be expected in 2023, as the group continues its annual…

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Lidl sees pre-tax profits quadruple to £41.1m

Budget supermarket chain Lidl has revealed its pre-tax profits quadrupled to £41.1m, up from £9.8m, during the year ending February…

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Consumers are feeling the pinch – but so are retailers. Can Black Friday even happen this year?

Black Friday traditionally marks the start of the festive shopping season, with big ticket promotions that seem to get bigger…

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Retail faces multiple challenges – A key one is fixing the data layer

As the UK consumer battles rising inflation, interest rates, scary heating bills and even considering back-up generators to avoid potential…

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Supermarkets see sales improve as they head into Christmas

In the last four weeks supermarkets’ total till value growth increased to 5.3% from 4.7% last month, despite inflation accelerating…

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