Gymshark profits plummet due to soaring operational costs
// Gymshark profits slip due to soaring operational and production costs // The activewear retailer posted full-year pre-tax profits dropped 39% to £27.8m Gymshark’s full-year profits […]
As losses widen, how much is the business really worth?
// On Tuesday, THG posted £500 million in operating losses, just hours after it received a preliminary offer from private equity giant Apollo Global Management, […]
Sainsbury’s launches ‘Pocket Friendly Prices’ value campaign in convenience stores
// Sainsbury’s has launched its ‘Pocket Friendly Prices’ campaign across its convenience stores this week // The move follows the debut of Nectar Prices last […]
Selfridges courts circular economy with Worn Again Season
Selfridges will host a ‘season of second hand and circular shopping’, it announced today. // Selfridges are set to delve in to the circular economy […]
Lush gives UK workers raise in line with the Real Living Wage findings
Lush increases gives UK workers raise in line with the Real Living Wage findings // Lush increases wages for UK staff in lined with real […]
Watch: THG boss Matt Moulding calls out hedge funds and media in online rant
THG boss Matt Moulding // THG boss Matthew Moulding calls an end to ‘over-fishing’ in social media rant against hedge funds, the media and analysts // […]
Sainsbury’s makes bid for Planet Organic
// Sainsbury’s makes offer to acquire Planet Organic’s name and IP assets // The supermarket giant joins a queue of bidders for the struggling grocer Sainsbury’s […]
Amazon Coventry strikers ramp up industrial action
// Workers at the Coventry warehouse of ecommerce giant Amazon have begun a fresh round of strike action, with hundreds of staff involved in an […]
Superdry withdraws profit guidance and considers equity raise
Sales in February and March had not met expectations // Superdry withdraws its profit guidance of “broadly breakeven” for its current year // The business […]
Just Hype rescued in pre-pack deal
Credit: justhype.com // Just Hype rescued by Birmingham-based investor Sarjon Dulai in pre-pack deal, saving all 82 jobs // The streetwear retailer will continue to trade […]