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DIY
Wickes profit soars 71% in FY21 as it ‘outperforms’ market
Wickes has announced that its profit-before-tax soared by 71.7% to £85m in FY21, up from £49.5m the year before, as…
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Economy
Retail industry responds to ‘underwhelming’ Spring Statement
Both Bira and CBI have expressed disappointment in the chancellor’s Spring Statement, with Bira having declared it is “underwhelmed with…
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News
Foot Locker appoints first global brands president
Foot Locker has announced the appointment of Samantha Lomow as its first global brands president, effective 18 March 2022. Lomow…
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Economy
Spring Statement: Chancellor raises NI threshold to £12,570
The chancellor has outlined a series of measures to help combat the rising cost of living in his latest spring…
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Clothing & Shoes
Threads Styling secures $12m to further expand e-commerce offering
Threads Styling, the luxury chat-based shopping platform, has announced it has raised a $12m (£9m) fundraising round led by Highland…
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Supermarkets
Morrisons drafts in advisors for McColl’s options
Morrisons has reportedly drafted in City advisers to help it weigh up options for the future of its convenience store…
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People Moves
The Hut Group appoints Charles Allen as new chair
The Hut Group (THG) has announced that Charles Allen, Lord Allen of Kensington CBE, is joining the group as an…
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DIY
Decathalon owners face backlash over Russian expansion plans
The French owners of sporting goods store Decathlon could be set to face public backlash after being accused of profiting…
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Online & Digital
Ocado lowers growth forecast amid drop in Q1 sales
Ocado Retail Ltd has announced its revenues dropped 5.7% year-on-year in the 13 weeks to 27 February 2022 (Q1) to…
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Comment
13 Spring Statement predictions
With both the global and UK economies coming under pressure from the rising cost of living crisis, which has only…
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