Allplants, a plant-based meal brand, is in distress, seeking a rescue deal to avoid insolvency.The company has filed a notice to appoint an administrator, aiming to…
Browsing: sales decline
Revolution Beauty has experienced a challenging first half, marked by a significant transformation strategy.The company reported a pre-tax loss of £10.9 million, contrasting last year’s modest…
Typhoo Tea, the UK’s oldest tea brand, is facing severe financial challenges, prompting immediate action.The company has appointed administrators due to growing debts and a significant…
Asda’s market share has seen a noticeable decline as more customers turn to competitors Tesco and Sainsbury’s for their shopping needs.Asda’s market hold dropped from 13.5%…
Inter Ikea has reported a profit rise for 2024 amidst a sales decline caused by strategic price cuts.The company’s operating profit rose by 4%, reaching £1.9…
Asda is grappling with a £100m rise in National Insurance Contributions, as admitted by its chair, Stuart Rose.Following a recent Budget, employer National Insurance rates are…
Asda encounters financial strains due to a recent Budget decision, impacting the supermarket’s operations.The National Insurance contributions for employers will rise from 13.8% to 15% on…
The latest Budget poses financial challenges to major UK retailers, including Asda and Sainsbury’s.Asda grapples with additional £100m cost due to increase in National Insurance contributions.Sainsbury’s…
Asda mandates office return and hits pause on roles to address falling sales.To address declining sales, Asda will have its office staff at work three days…
New Look has managed to reduce its pre-tax losses despite facing a significant drop in sales.The company reported a pre-tax loss of £21.7 million, a substantial…