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Finance

Primark

Primark owner to unveil sales slump after months of closures

Primark owner Associated British Foods (ABF) is set to unveil a slump in sales and profits after the high street giant was hit hard by the latest coronavirus lockdown.
Glossybox

The Hut Group reports full-year losses due to acquisitions and investments

The Hut Group, owners brands including Coggles, Lookfantastic and AllSole, has reported £1.6 billion of revenues for the financial year 2020, with an operating loss of £481.8m, driven by one-off costs from investment and acquisitions.
Sosandar's co-founders

Sosandar reports 63% leap in Q4 sales

Sosandar, the online women's fashion brand, reported a 63% leap in sales in Q4 reaching £3.94m.

JD Sports sees full-year growth despite lockdown closures

Despite the temporary closures of stores in a number of countries at various times in the year, total revenue for JD Sports Fashion Plc increased by approximately 1% to £6.17 billion in the year to 30 January 2021, compared to £6.11bn in 2020.
QUIZ

Revenue drops 66% at Quiz

Fast fashion womenswear brand Quiz has reported a 66% drop in revenue for financial year to 31 March 2021, plunging to £39.7 million.
Hammerson

Landlord Hammerson confirms talks over sale of UK retail parks

Property giant Hammerson has confirmed that it is in talks over a deal to sell its portfolio of UK retail parks.
Visitors to Oxford Street, 2021

Retailers saw “green shoots of recovery” in March with online sales...

Retailers recorded a positive sales result for March 2021, set against a poor base of March 2020, with total like-for-like retail sales – combining in-store and online – increasing by +42.5% against -17.9% for the equivalent month last year.

Boohoo creates 500 jobs with fourth warehouse in Daventry

Boohoo is to create 500 new jobs with the opening of a fourth warehouse, in Daventry, which is due to come on-stream at the end of the second quarter of its financial year.
ASOS Marketplace

ASOS launches £500 million fundraising scheme for global expansion

ASOS has launched a £500 million fundraising scheme through unsecured guaranteed convertible bonds to provide “additional flexibility” for potential global expansion.
Sports Direct Frasers Group

Frasers Group warns over £200m COVID-19 hit

Frasers Group has warned it could take a hit in excess of £200 million due to the ongoing Covid-19 restrictions – double its previous estimate in February.
Debenhams

Debenhams stores to reopen for final closing down sale

Debenhams has announced that its stores in England and Wales will reopen on Monday 12 April for the businesses final closing down sale, as it
Retail footfall

Continued consumer pent-up demand gives optimism for a bounce back from...

UK footfall recovered strongly to an annual decline of -28.1% in March, from -61% in February 2021, though that was distorted by the anniversary of Lockdown 1 falling in the penultimate week of the month, according to retail experts Springboard.
ASOS

ASOS sales leap by 24% to £2bn over six months

Online fashion giant ASOS has revealed that sales soared during the latest COVID-19 lockdown as high street stores remained closed.
Joules

Joules appoints Caroline York as new Chief Financial Officer

Joules has appointed Caroline York as its new chief financial officer (CFO) replacing Marc Dench, who will step down from his position on the Board on 11 May 2021.
Sports Direct Mike Ashley Frasers Group

Frasers Group hits out at the rescue of Peacocks

Frasers Group has hit out at yesterday's news of a rescue of value fashion chain Peacocks by a consortium of international investors led by its former COO Steve Simpson, saying its was effectively frozen out of the sale process despite submitting an expression interest.
Mike Welch Atterley

Atterley secures £3m investment as Q1 sales leap by 200%

Atterley, the online marketplace for fashion independents, has completed a £3m funding round with Maven Capital Partners and has revealed a Q1 sales leap of 200%.
Retail footfall

Warm weather drives footfall up ahead of reopening of non-essential retail

Footfall across UK retail destinations increased by +8.5% in the week of 28 March – 3 April, 2021, compared to the week before, with warmer weather cited as a key factor.
Peacocks

Around 2,000 Peacocks jobs saved in rescue deal

Collapsed fashion chain Peacocks has been saved by a senior executive with backing from an international consortium, it has been announced.

Almost 190,000 retail jobs lost amid high street turmoil since first...

Almost 190,000 jobs have been lost in the retail turmoil since non-essential retailers were first forced to shut their doors a year ago, according to new figures.
ASOS

Analysts expect ASOS sales growth to continue after lockdown gains

ASOS is set to continue its recent stellar spell with a surge in earnings and sales as further lockdown restrictions have kept its shoppers from returning to UK high streets.