Starbucks slumped to a £41 million loss in the UK in the past year as the Covid-19 pandemic took its toll on the coffee shop chain.
The company published its latest results with Companies House, which showed revenues in the year to September 2020 fell £243 million, down 32.7% due to the heavy restrictions imposed during much of the year.
But...
Tesco managed to continue growing sales in the 13 weeks to May 29 compared with a year earlier despite the same period in 2020 being during the height of the first lockdown when supermarket shelves were stripped bare.
Sales in its UK supermarkets grew 0.5% to £10 billion – up 9.3% on the same period two years ago before the...
Retailers suffered a surprise setback in May as a drop in food sales offset the gains seen by non-essential shops after they reopened.
Sales in May dipped 0.8% in value compared with April, according to the Office for National Statistics (ONS).
The fall compared with a 9.2% jump between April and March following the reopening of clothes and non-food stores across...
Online retail giant The Very Group will continue to enhance its pricing strategies with DemandTec Markdown Optimisation. The Very Group’s three-year renewal expands upon their collaborative relationship with DemandTec, which extends back to 2015.
The Very Group carries products in an array of categories, including toys, sports, electrical, beauty, gifts, jewellery, and accessories – many of which are seasonal...
More than one in every four payments last year were contactless as cash use plunged, according to figures from a trade association.
Coins and banknotes were used for 17% of all payments in the UK last year, while 27% of payments were contactless, UK Finance said.
With fewer opportunities to spend during the coronavirus lockdowns and large parts of the economy...
Sofa retailer ScS has hiked its outlook for this financial year and next after seeing orders soar since stores reopened.
The firm, which has 100 stores across the UK, said like-for-like orders jumped 79% higher on 2019 pre-pandemic levels between April and June 12, boosted by the reopening of non-essential shops on April 12.
Orders stood at £116.6 million as at...
Boohoo Group could be set to bring the Debenhams brand back to the high street by opening one small store outside of London. The physical presence will help secure deals with major beauty brands that insist there is a physical presence.
The online fashion retailer shut all stores after acquiring the Debenhams brand and website at the start of the...
LVMH and Google Cloud have announced a strategic partnership to accelerate innovation and develop new cloud-based artificial intelligence (AI) solutions. Both companies will join forces to empower LVMH’s Maisons—the company’s individual luxury brands—to create new, personalized customer experiences that foster long-term growth. The partnership combines both companies’ creativity, assets, technological capabilities, thirst for innovation and recognized positions in their...
Online fashion giant boohoo has agreed to sign up to a forensic supply chain initiative as part of the company’s attempts to improve its image.
Boohoo has faced criticism in recent years after the company’s use of suppliers in the UK revealed staff at some were paid as little as £3 an hour.
The decision to sign up to Fast Forward,...
Halfords’ profits are set to almost double for the past year after people shunned public transport in favour of bikes and cars during the pandemic.
The cycling and motoring specialist is set for another bumper trading announcement when it updates company shareholders on Thursday June 17.
It is expected to reveal a pre-tax profit between £90 million and £100 million for...