The Very Group reports a significant increase in losses, indicating challenges in the retail sector.The company’s pre-tax loss expanded from £5.8m to £22.9m in recent weeks.Operating…
Browsing: market conditions
Despite weakening consumer sentiment in the UK and France, Kingfisher’s third-quarter sales were steady, matching or exceeding market forecasts.The company, which owns B&Q and Screwfix, reported…
Frasers Group has openly criticized Boohoo Group for its recent CEO appointment and asset sale strategy.Frasers demands shareholder approval on any future asset disposals by Boohoo,…
Topps Tiles experienced a notable decline in annual sales, signifying a challenging fiscal year for the company.Revenues fell by 5.7% for the year ending September 28,…
Wourth Group, known for owning various retail brands, has strategically acquired Peter Hahn, a German clothing retailer, which significantly increases its projected annual sales.This acquisition reflects…
Boohoo, a major name in fast fashion, is addressing significant quality issues with several of its suppliers. This action involves withholding payments, aimed at ensuring better…
Matalan has reported a financial turnaround, highlighted by a significant reduction in losses despite a dip in sales.The retail chain’s fiscal year ended February showed a…
N Brown Group sees a turnaround with profit achieved despite a revenue drop, showcasing strategic resilience.The company reported a profit of £5.3m, against last year’s loss,…