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The latest financial results from UK retailers

Tesco release fresh profit warning

Things appear to be going from bad to worse for Britain’s biggest retailer; today they have issued their second profit warning in as many months, and have slashed their dividend by 75 percent.The supermarket giant has stated that “a number of unce...
09:39AM - Fri 29th August 2014

Original Penguin continue Scottish expansion

Iconic American brand, Original Penguin, have opened their second store in Scotland. The lifestyle brand, which was founded in 1955, have launched their new store in Glasgow’s popular Silverburn centre.Original Penguin have been enjoying increasin...
10:06AM - Thu 28th August 2014

Small businesses turn away from banks for funding

Figures released today by the BDRC Continental SME Finance Monitor have shown that SMEs are continuing to shun banks in favour of alternative funding. In 2011, 51% of small businesses used external finance; however, the latest data (for the second...
09:23AM - Thu 28th August 2014
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Grocery price inflation nearly vanishes

The latest figures released today by Kantar show that grocery price inflation is on the verge of disappearing completely. Market growth is down to just 0.2%; the the lowest number recorded since October 2006 when Kantar began measuring in this spe...
10:48AM - Wed 27th August 2014
Shopping bags/ I-stock

Middle Eastern shoppers top spending tourists

Recent surveys have shown that the UK’s top spenders on the high street are not in fact from the UK at all. Middle Eastern tourists, predominantly from the UAE, Qatar, Kuwait and Saudi Arabia, have been splashing out on visits to London. On averag...
10:35AM - Tue 26th August 2014
Game said one million customers signed up to its reward programmes during the year

Game Digital posts 'solid update' following float

Newly floated entertainment retailer Game Digital has seen total sales rise by 30 per cent for the year to 26 July as investment in its mobile apps, desktop and mobile sites boosted business.The company said its UK and Spanish business performed s...
10:44AM - Thu 14th August 2014
More Little Waitrose's are likely to be built

Waitrose puts on a brave face as sales fall

Upmarket grocer Waitrose has become the third supermarket to deliver a profit warning this year, after Tesco and Morrisons, as it declared results would be under par.The latest figures show Aldi is poised to overtake Waitrose as the discounters ea...
09:40AM - Mon 4th August 2014
Bonmarche said its new store/concession programme has started well

Bonmarché reports 13.5% sales rise

Named “Britain’s most boring shop” by the Daily Mail, it would be fair to say that so far the hype around the fashion retailer has been somewhat limited. However with yet another rise in sales (16.9 per cent for the 13 week period ended 28 June 20...
09:58AM - Thu 31st July 2014

Next leaves M&S firmly in the shadows with latest figures

Next’s latest figures have placed them even further ahead of traditional rival Marks and Spencer’s. Their sales for the quarter just gone have exceeded the 5.5 per cent - 9.5 per cent increase forecast in April, leading them to raise their full ye...
11:55AM - Wed 30th July 2014
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