Retail Gazette

APRIL 26, 2024

According to accounts filed on Companies House, pre-tax losses shrunk 29% from £30.4m The recent accounts, released by holding company Broad Gain (UK) this week, provided additional insights into the challenging period facing the retailer. Click here to sign up to Retail Gazette‘s free daily email newsletter

Department Stores 59

Department Stores Accounting 59

Retail Gazette

MARCH 4, 2024

in February, according to new figures from accountancy firm BDO. Click here to sign up to Retail Gazette‘s free daily email newsletter Retailers are suffering from the longest dip in sales since the 2020 pandemic as consumers cut back for the fifth consecutive month. Fashion was hit the hardest, with overall sales down 4.8%

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Wholesale Fashion Accounting Consumer 145

Retail Gazette

APRIL 5, 2024

While underlying losses before tax for the period amounted to £23.4m, marking an improvement from the previous loss of £53m, as per the latest accounts filed with Companies House. Click here to sign up to Retail Gazette‘s free daily email newsletter

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Accounting Planning Shopping Consumer 114

Retail Gazette

APRIL 9, 2024

from £3.4bn to £3.7bn in the year to 30 June 30, according to accounts filed with Companies House. Click here to sign up to Retail Gazette‘s free daily email newsletter Home Bargains owner TJ Morris has posted a rise in sales and profit as it pushes ahead with its expansion plan. Pre-tax profits rose 12.4%

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Planning Accounting Shopping ATS 116

Retail Gazette

APRIL 19, 2024

The grocer is experted to report a return to profit later this month when it publishes its full-year accounts. Click here to sign up to Retail Gazette‘s free daily email newsletter Once the transaction is complete, Walmart will retain its 10% in the supermarket , Mohsin will keep his 22.5% holding and TDR will own the rest.

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Supermarket Grocer Accounting Returns 105

Retail Gazette

MARCH 14, 2024

Despite an increase in store openings, dominated by the likes of fast food sites and coffee shops, high profile collapses such as Wilko , Paperchase and Lloyds Pharmacy resulted in more closures than openings, according to research from LDC and accounting firm PwC. Click here to sign up to Retail Gazette‘s free daily email newsletter

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Shopping Accounting ATS 110

Retail Gazette

APRIL 23, 2024

Ocado accounted for 1.9% Click here to sign up to Retail Gazette‘s free daily email newsletter Ocado has maintained its title as the fastest growing supermarket for the second month as total online share reached 12% for the first time since July 2022. According to the latest data from Kantar, sales for the online grocer surged 12.5%

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Supermarket Grocer Accounting Promotions 105

Retail Gazette

APRIL 7, 2024

The accountancy firm reported that ecommerce insolvencies had surged 18% to 615, up from 521 reported in the previous year. Click here to sign up to Retail Gazette‘s free daily email newsletter The number of retailers buckling under economic pressure has hit a five year high as consumers remain cautious amid the cost-of-living crisis.

Accounting 101

Accounting Consumer 101

Retail Gazette

DECEMBER 27, 2023

While the discounter’s UK CEO Ryan McDonnell claimed there was “no ceiling” on its expansion plans, its latest accounts showed a £76m pretax loss for the chain in the year to February 2023, after interest paid on its borrowings nearly trebled to £108m. Click here to sign up to Retail Gazette‘s free daily email newsletter

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Finance Accounting Supermarket Planning 103

Retail Gazette

MARCH 27, 2024

Earlier this month, accounts for the grocery giant’s parent company, Market Topco, revealed it fell to a pre-tax loss of £1.1bn for the year ended October, as its interest costs surged to £735m. Click here to sign up to Retail Gazette‘s free daily email newsletter

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Grocer Payment Services Supermarket Wholesale 116

Retail Gazette

FEBRUARY 5, 2024

Hollinrake said: “We are writing to Amazon to tell them to unfreeze the accounts until they have a proper process in place. ” Click here to sign up to Retail Gazette‘s free daily email newsletter “We’ve been inundated with email appeals for help from desperate sellers in danger of losing their businesses. .”

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Merchant Services Payment Services Accounting ATS 122

Retail Gazette

JANUARY 3, 2024

” The traditional retailers – Tesco, Sainsbury’s, Asda, Morrisons and Waitrose – accounted for a combined market share of 70% during the 12 weeks to 24 December, while the discounters continued to increase their market share to record highs. compared with last year to hit £790 million – accounting for 5.7%

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Supermarket Accounting Promotions Consumer 126

Retail Gazette

MARCH 21, 2024

Deloitte, which has overseen the online retailer’s accounts for the last 11 years, said it quit after struggling to access “appropriate and relevant information in respect of certain financing arrangements between companies in the wider group.” Click here to sign up to Retail Gazette‘s free daily email newsletter

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Accounting Finance Fashion Location 64

Retail Gazette

JANUARY 31, 2024

The pharmacy group appointed Martin Armstrong and Andrew Bailey of Turpin Barker Armstrong Accountants on January 16 to handle the proceedings. Click here to sign up to Retail Gazette‘s free daily email newsletter In its statement of affairs report, the liquidators revealed that the pharmacy business owes £293m to 514 creditors.

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Accounting Marketing ATS 139

Retail Gazette

FEBRUARY 2, 2024

in the 12 weeks to 21 January, accounting for 15.7% Click here to sign up to Retail Gazette‘s free daily email newsletter Earlier this week, Kantar figures revealed Sainsbury’s scooped up even more market share as its sales soared. The supermarket’s revenues surged 8.1% of the total market, up 0.3% on last year.

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Supermarket Accounting Planning Marketing 105

Retail Gazette

JANUARY 8, 2024

The retailer, which has 38 locations nationwide, has approached potential suitors as it explores options to turnaround its ailing fortunes following concerns in its recent accounts, The Times reported. ” Click here to sign up to Retail Gazette‘s free daily email newsletter

Accounting 111

Accounting Location 111

Retail Gazette

DECEMBER 19, 2023

Click here to sign up to Retail Gazette‘s free daily email newsletter The food delivery platform is also offering up to 50% off on selected essentials until 24th December across participating stores. The concept allowed shoppers to build their own “picky bits” meal from a selection of the nation’s favourite nibbles.

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Wholesale Accounting Planning 126

Retail Gazette

APRIL 22, 2024

It is perfectly common for the FRC to ask questions in relation to accounts.” Click here to sign up to Retail Gazette‘s free daily email newsletter

Finance 59

Finance Accounting 59

Retail Gazette

SEPTEMBER 13, 2023

Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning “During this time, the company also reported holding £28m in accounts, yet concealed £10m in debts from its investors and creditors.” Click here to sign up to Retail Gazette‘s free daily email newsletter

Finance 111

Finance Accounting Management Shopping 111

Retail Gazette

JANUARY 5, 2024

GMB national officer Nadine Houghton said: “It’s right that MPs will finally get the chance to hold TDR Capital to account on their co-ownership of Asda. Click here to sign up to Retail Gazette‘s free daily email newsletter “Asda is part of our country’s national infrastructure.

Supermarket 124

Supermarket Grocer Finance Accounting 124

Retail Gazette

APRIL 23, 2024

The beauty group, which has been shrouded by legal battles and shareholder revolts over the past year following an accounting scandal , raised its profit outlook last month as its turnaround plan begins to bear fruit. Click here to sign up to Retail Gazette‘s free daily email newsletter

Accounting 59

Accounting Planning ATS 59

Retail Gazette

SEPTEMBER 29, 2023

Asda issued a £2.1bn dividend to its owners after they purchased the company, according to accounts published today. Click here to sign up to Retail Gazette‘s free daily email newsletter The grocer declared the dividend to EG Group, owned by the Issa brothers, in September 2022 despite over an 80% plunge in pre-tax profits last year.

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Grocer Supermarket Accounting Planning 116

Retail Gazette

DECEMBER 14, 2023

“They began to illegally detain merchants, forcibly asking for their phones, stealing our merchant accounts and passwords, stealing our business secrets, and simultaneously forcing merchants to leave our platform. Click here to sign up to Retail Gazette‘s free daily email newsletter Shein has been contacted for comment.

Accounting 110

Accounting Fashion 110

Retail Gazette

APRIL 29, 2024

Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning Getir said in a statement today that its non-Turkish business was accounting for just 7% of its revenues, with the decision to withdraw from Europe seeing the firm instead focus on its domestic market.

Accounting 52

Accounting Marketing Planning Management 52

Retail Gazette

FEBRUARY 4, 2024

It comes amid rumours of a rift between the two brothers as Mohsin leaves his wife of 30 years and begins a new romantic relationship with Victoria Price, a former partner at accountancy giant EY, which was Asda’s auditor until it quit last July. Click here to sign up to Retail Gazette‘s free daily email newsletter

Supermarket 122

Supermarket Grocer Accounting ATS 122

Retail Gazette

OCTOBER 10, 2023

loss the year before, according to accounts filed on Companies House. However, when taking into account a surge in debt interest costs, the retailer lost £38m for the year, down from the £83.9m The department store retailer posted an operating profit of £38.9m for the 12 months to January 2023, down from a £38.1m

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Department Stores Payment Services Accounting Returns 80

Retail Gazette

JANUARY 30, 2024

The etailer added that its ‘Unlock’ marketing initiative to open up its website to customer accounts from the group’s old legacy brands led to a 17% jump in trading on its website. Freemans reported that sales over Black Friday and Cyber Week were up 8% on the year.

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Department Stores Accounting Marketing 111

Retail Gazette

MARCH 20, 2024

Harvey Nichols will soon be filing its accounts for the year to 1 April 2023. Click here to sign up to Retail Gazette‘s free daily email newsletter

Returns 105

Returns Department Stores Accounting Shopping 105

Retail Gazette

MARCH 21, 2024

The business reported an £84m loss in the year to January 2023, from a profit of £30m the year prior, according to accounts viewed by the newspaper. Click here to sign up to Retail Gazette‘s free daily email newsletter

Accounting 64

Accounting 64

Retail Gazette

NOVEMBER 13, 2023

Employees account for 40% of the value of theft across UK retailers, according to research from Retail Economics and Thruvision. Staff working in distribution centres distribution and stores are responsible for the loss of £3.2bn. The value of theft is forecast to cost UK retailers £7.9bn this year in total, the economic consultancy reports.

Accounting 119

Accounting 119

Retail Gazette

FEBRUARY 14, 2024

EG Group said: “As previously disclosed to the Financial Times in 2022, loans to the [Isle of Man] companies are fully disclosed in the EG Group accounts and continue to be so. Click here to sign up to Retail Gazette‘s free daily email newsletter All fresh loans are due to be paid in full in November.

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Finance Accounting ATS 116

Retail Gazette

APRIL 24, 2024

“With proven expertise and a time-tested operation, they understand the power of connecting brands to shoppers in the retail environment, and the importance of reliability and accountability to our brands”. Click here to sign up to Retail Gazette‘s free daily email newsletter

Advertising 52

Advertising Supermarket Accounting Promotions 52

Retail TouchPoints

SEPTEMBER 8, 2022

Upon finding them, suspicious chargebacks, account takeovers and bot attacks will likely appear in the gaps where your attack surface is weakest. At further touch points through the customer journey — opening an account, signing up for a newsletter, downloading an app — more information can be gathered before money enters the picture.

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Payment Services Checkout Accounting Location 274

Retail Gazette

JANUARY 31, 2024

” The music and entertainment company said it currently accounts for over half of vinyl sales across the country in some weeks. Click here to sign up to Retail Gazette‘s free daily email newsletter A resurgence in vinyl sales helped the business with its turnaround, after it fell into bankruptcy back in 2019.

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Accounting Location Consumer ATS 105

Retail Gazette

NOVEMBER 23, 2023

Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning The appearance comes as trade union GMB wrote to newly elected select committee chair Liam Byrne MP asking him to hold Wilko to account. Click here to sign up to Retail Gazette‘s free daily email newsletter

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Accounting ATS 111

Retail Gazette

SEPTEMBER 17, 2023

In total more than 101,000 people have lost their jobs in retail since 2020, when the Wilko staff are taken into account. Click here to sign up to Retail Gazette‘s free daily email newsletter Some 24,179 jobs were lost in 2021 and 53,364 jobs were aced in 2020 when the pandemic took its toll.

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Accounting ATS 130

Retail Gazette

APRIL 16, 2024

Marks Electrical said further improvements in working capital and inventory turn during the year helped it achieve a closing net cash position of £7.8m, which took into account strategic investments in vehicles, equipment, facilities and systems. Click here to sign up to Retail Gazette‘s free daily email newsletter

Accounting 59

Accounting Consumer Marketing 59