Finance News – Stores
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Tariffs not slowing Aritzia's ambitious U.S. growth plans
Aritzia's expansion in the U.S. market continues to drive substantial revenue increases, exceeding 30%, despite challenges from new trade policies impacting the clothing industry.
Read Full Article →Hamleys: More loss-making stores closed by iconic toys seller
Hamleys’ decision to close numerous underperforming outlets while opening new ones reflects efforts to improve overall profitability and stabilize the company’s financial position...
Read Full Article →Superdrug to add 25 stores as demand for weight loss drugs soars
Superdrug’s planned addition of 25 new locations this year reflects growing consumer interest in weight management medications and beauty items, contributing to its financial resil...
Read Full Article →Sliced Bread
Homebase's decision to close all its stores had a substantial financial impact, reflecting challenges in profitability, market competition, and operational costs within the home im...
Read Full Article →River Island plans to close 33 stores, putting hundreds of jobs at risk
The retailer is undergoing a restructuring that involves shutting multiple locations and threatens significant employment reductions as it addresses financial challenges caused by...
Read Full Article →Magnet: Hundreds of jobs lost as kitchen maker closes more stores
The closure of additional outlets by the kitchen manufacturer has led to significant workforce reductions, reflecting ongoing efforts by Nobia Holdings UK to improve its financial...
Read Full Article →Shares of RH jump as luxury retailer takes steps to blunt tariff impact
RH's recent strategic actions to address increased import costs have positively influenced investor confidence, despite challenges posed by a difficult housing market and ongoing e...
Read Full Article →Poundland sold for £1 with shops set to close
The acquisition of Poundland for a nominal fee highlights financial challenges, with plans to shut around 100 of its 825 UK outlets as the new management restructures operations.
Read Full Article →Walmart is about to fly delivery drones over more cities
Expanding its drone delivery service to 100 locations across five states, Walmart aims to enhance distribution efficiency and potentially reduce last-mile costs through collaborati...
Read Full Article →Boots: Profit jumps after closing hundreds of stores
Boots experienced a substantial increase in earnings after reducing its number of retail locations by over 300, which contributed to improved financial performance despite halting...
Read Full Article →B&M: Revenue ticks up as new stores outperform
The company experienced a moderate increase in annual revenue to £5.57 billion, reflecting stronger sales growth particularly from recently opened locations and improved operations...
Read Full Article →Independent duty free shops 'just weeks away from closing' as cross-border travel plummets
The sharp decline in cross-border travel has caused a significant reduction in income for independent duty free shops, threatening their ability to continue operating in the near f...
Read Full Article →DIY demand boosts sales at B&Q and Screwfix owner
Increased consumer interest in home improvement products contributed to a moderate revenue growth for Kingfisher, supporting its financial performance across multiple markets durin...
Read Full Article →Co-op cyber-attack: stock availability in stores ‘will not improve until weekend’
The disruption caused by a recent cyber incident has impacted product replenishment, potentially affecting sales revenue and customer retention until normal supply chain operations...
Read Full Article →Co-op: All forms of payment now working after cyber attack
The recent cyber incident disrupted transactions across nearly 2,400 locations, impacting revenue flow, but restoration efforts are now enabling normal payment processing and expec...
Read Full Article →JYSK: Losses continue as stores close and jobs shed
JYSK's UK division reported a £3.2 million pre-tax deficit for the year ending August 2024, reflecting ongoing financial challenges amid store closures and workforce reductions.
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