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…
Browsing: store closures
New Look, a fashion retailer, reports a reduced pre-tax loss amidst challenging trading conditions.The company’s total revenue dropped significantly, influenced by cost-of-living pressures and store closures.Retail…
Shoe Zone experiences a challenging fiscal year with a 42% profit drop.Revenue decreased by 2.7% due to sluggish consumer demand and rising costs.Unseasonably wet weather and…
Dobbies Garden Centres has announced potential closures impacting Waitrose concessions.Seven out of 17 Dobbies stores with Waitrose concessions face closure due to restructuring.This restructuring aims to…
Next is facing significant challenges following a £30 million equal pay ruling in favor of thousands of female store staff.The ruling could endanger the profitability of…
The fashion retailer Next may face significant challenges if its equal pay appeal is unsuccessful.An employment tribunal ruled that Next’s predominantly female store workers should earn…
John Lewis and Waitrose will close most of their stores on Boxing Day, aligning with a trend among retailers to prioritize employee welfare over holiday profits.The…
The retail sector’s tax burden emerges as a key issue, highlighting significant disparities.New findings indicate that retailers pay 7.4% of all business taxes, which is disproportionate…
Research indicates significant closures as nearly 7,000 stores shut down in early 2024.The closure rate marked an increase from the previous year, with 38 stores closing…
In 2024, the retail sector is experiencing unprecedented disruption with nearly 40 stores shuttering each day, marking a new challenge for high streets.A report by PwC…