Warm weather bolsters retail sales ahead of all-important golden quarter September 19, 2025 Retail sales were bolstered by good weather and rising real incomes this summer, but the struggling sector is looking ahead to the festive season for a bigger boost. Sales fell by 0.1 per cent in the three months to August 2025 when compared with the three months to May 2025, according to the Office for [...]
Temu: UK sales and profit double as Shein court battle looms September 17, 2025 Sales and profit at the UK arm of Chinese online marketplace Temu almost doubled during its latest financial year, it has been revealed. For 2024, the division achieved a revenue of $63.2m (£46.3m), up from the $32.1m it achieved in 2023. New accounts filed with Companies House also show its pre-tax profit jumped from $2m [...]
‘It’s not a fair fight’: HMV boss issues Rachel Reeves Autumn Budget tax demand September 8, 2025 Chancellor Rachel Reeves has been urged to reform business rates in the Autumn Budget by the boss of HMV. Phil Halliday, in an up-coming episode of CityAM‘s Boardroom Uncovered show, said the current system should be altered to make it fairer for UK retailers. The managing director added that businesses such as HMV are [...]
Retail sales see July boost but firms warn of tough winter ahead September 5, 2025 British retail sales rose more than expected in July, boosted by good weather and the UEFA Women’s Euros 2025 tournament. However, extensive revisions to previous months’ data have revealed a less volatile but ultimately slower growth picture for the year. The Office for National Statistics (ONS) today released its latest figures, showing that sales volumes [...]
Retail sales fall for eleventh consecutive month August 27, 2025 UK retail sales have continued their steady decline as price pressures weigh on already-stretched consumers, according to new data. The CBI’s monitor for annual retail sales was little changed at -32 in August, from -34 in July. “Weak demand and higher labour costs continue to put pressure on margins, dampening sentiment across the retail and [...]
FatFace slims down workforce as brand returns to profit August 14, 2025 FatFace shed almost 300 jobs as it returned to profit in its first full year after being acquired by FTSE 100 giant Next. The retailer was snapped up by the Leicester-based group for £115.2m in October 2023 in a deal which saw it fall to an initially reported pre-tax loss of £3.2m in the 35 weeks [...]
July fails to bring summer boost for high streets August 8, 2025 Footfall on UK high streets fell again in July as shoppers continued their slow move online, dashing retailers’ hopes for a summer boost. Overall footfall – which includes high streets, retail parks and shopping centres – fell 0.4 per cent in July, while high street footfall fell 1.7 per cent. Andy Sumpter, Retail Consultant EMEA [...]
Domino’s: Higher employment costs and slowing sales dampen profitability August 5, 2025 New store openings at Domino’s have been lower than expected as it franchisees struggle with lower profitability in a tough market. Just 11 stores have been opened in the year to date, with new openings in the full year expect to be in the mid twenties as franchisees becomes “cautious… given increased employment costs,” Domino’s [...]
Canon: UK losses almost triple after expectations fall short July 29, 2025 Losses have almost tripled at the UK arm of camera and printer giant Canon as its performance fell below its expectations. The Uxbridge-headquartered division has reported a pre-tax loss of £14.4m for 2024, according to new accounts filed with Companies House. The latest pre-tax loss comes after Canon UK posted a loss of £5.1m for [...]
Demand for strawberries and cider help grocery sales surge July 23, 2025 Sales at UK supermarkets surged in June as shoppers splashed out on summer staples like strawberries and cider. Total till sales growth at the grocers soared 5.8 per cent in the four weeks ending July 12, up from 3.8 per cent growth in June, according to new data released today by NielsenIQ (NIQ). “With three [...]