Nikon: Profit cut in half amid falling demand February 14, 2025 Profit was cut in half at the European arm of Nikon amid falling demand in its healthcare business, it has been revealed. The division of the Japanese giant has reported a pre-tax profit of €13.5m (£11.2m) for the 12 months to 31 March, 2024, according to newly-filed accounts with Companies House. The latest figure comes [...]
In The Style goes out of fashion as administration looms February 14, 2025 Fast-fashion retailer In The Style is on the brink of collapsing into administration two years after being forced into a rescue deal. FTS Recovery is being lined up to oversee the potential administration of the company which was founded by Adam Frisby in 2013. The business was previously listed on the London Stock Exchange’s AIM [...]
Kurt Geiger sold to New York’s Steve Madden for £289m February 13, 2025 Private equity firm Cinven has announced the sale of Kurt Geiger to shoe brand Steve Madden for £289m. Cinven bought the footwear and accessories brand in 2015 for £245m, and has since greatly expanded the business in the US. In America alone, sales surged by 58.7 per cent to over £110m from February to September [...]
Coca-Cola HBC: Growth continues despite headwinds February 13, 2025 The bottling partner of Coca-Cola has reported double-digit revenue growth despite significant exchange rate headwinds in emerging markets. Coca-Cola HBC AG, the bottling partner of The Coca-Cola Company, said volumes grew 2.8 per cent in the twelve months ended 31 December 2024, driven by higher sales for coffee and energy drinks. The reported revenue of [...]
Birkenstock predicts further UK sales success after latest surge February 12, 2025 Birkenstock has forecast its UK sales will take another huge step forward during its current financial year thanks to growing demand. The footwear brand has revealed its sales have so far been “above initial expectations” in its year which will finish at the end of September. The continued rise in its UK revenue has been [...]
Watchdog brands Next ad ‘irresponsible’ on body image concerns February 12, 2025 The UK’s advertising watchdog has upheld a complaint that Next used an “unhealthily thin” model to advertise a pair of leggings online. The ruling comes just weeks after the All-Party Parliamentary Group on Eating Disorders published a report describing the “alarming” rise in disorders such as anorexia and bulimia over the past decade, adding that [...]
Dunelm chief steps down after guiding firm through transformation and Covid February 11, 2025 Dunelm’s chief executive Nick Wilkinson will step down after seven years after leading the company through a strategic change, digitalisation, and the pandemic. Wilkinson will remain at FTSE-listed Dunelm until a successor is appointed. Sales at Dunelm have been consistently rising over the past few years as its personalised, relatively low-cost homewares go down well [...]
Discounting helps retail sales post strong rebound in January February 11, 2025 The survey suggested that price cuts managed to entice consumers to the high street, as in-store sales rose at the fastest pace in nearly two years.
Retailers unite to warn Treasury on ‘perfect storm’ of costs February 11, 2025 A heavyweight group of retailers has warned the Treasury that hundreds of thousands of jobs are at risk in the retail sector due to unsustainable cost hikes this year. It’s the latest in a long string of warnings from the retail sector, which has been vocal about the coming damage to jobs and investment on [...]
Hyper-personalisation: Has AI finally made retail’s ‘holy grail’ possible? February 8, 2025 Hyper-personalisation has long been the holy grail of retail: to recreate the customer experience of a local, everyone-knows-your-name store on a global scale. Now, with the combination of data tracking, AI and our ever-increasing tendency to consume online content, genuinely personally-tailored ads are just about within touching distance. These ads, introduced in their earliest form [...]
