Category : Search result: retail profits


Primark Profits Soar 46% on Oracle Tech and NATO Stability

High street giant Primark reports a stellar 46% surge in annual profits, defying economic headwinds. Parent company ABF credits savvy buying and the powerful Oracle retail platform for its success, with NATO's stability bolstering European sales.

Hinton: AI Profits Will Cause Mass Unemployment

Exclusive: Turing Award winner and 'Godfather of AI' Geoffrey Hinton predicts a dystopian future where corporate AI profits lead to widespread joblessness and soaring inequality, urging for a radical rethinking of society.

Claire's to close UK stores in restructuring move

Iconic accessories retailer Claire's is set to close several of its UK stores as part of a major Company Voluntary Arrangement (CVA) restructuring plan, impacting the British high street.

CEX staff slammed for 'offensive' retail worker display

Electronics retailer CEX has sparked fury after employees created a controversial window display featuring a mannequin slumped over a till, labelled 'Average Retail Worker'. The stunt has been branded 'disgusting' and 'tone-deaf' by furious customers.

Sainsbury's axes AI-powered Nectar pricing after trial

Sainsbury's has abruptly ended its trial of personalised, AI-driven pricing for Nectar cardholders after a customer backlash over 'secret' price changes. The scheme, which offered individual discounts in London and Bath, has been scrapped.

Royal Mail Profits Double Under Kretinsky's Takeover

Under Daniel Kretinsky's ownership, Royal Mail reports a dramatic profit surge to £348m, marking a stunning turnaround for the former state monopoly and silencing critics of the controversial acquisition.

Poundland Shuts 11 More Stores: Full Closure List Revealed

Poundland confirms 11 additional UK stores are set to close permanently in 2024, following a strategic review by parent company Pepco. Discover the full list of affected locations and what it means for the high street.

Asda's Zero UK Tax Payment on £1bn Profit Sparks Fury

Supermarket giant Asda faces backlash after paying zero UK corporation tax despite £1 billion profits, while its private equity owners extract massive dividends. Labour's Rachel Reeves condemns the 'unfair system'.

Aldi Creates 500+ New Jobs in Major UK Expansion

Discount supermarket giant Aldi is creating over 500 new jobs and opening 11 new stores in a massive expansion drive, boosting local economies and offering new shopping options.

UK Bank Shares Plunge on Budget Windfall Tax Reports

UK banking stocks suffered a dramatic sell-off following reports that Rachel Reeves is considering a new windfall tax on lenders in the upcoming autumn budget. The proposal, aimed at funding national priorities, sent shockwaves through the financial secto

Asda to Open 20 New Stores, Creating 1,600+ Jobs

Supermarket giant Asda is embarking on a massive expansion plan, opening 20 new stores and creating over 1,600 new jobs, bringing its popular Just Essentials range and George clothing to more communities.

Claire's UK rescued from bankruptcy by new buyer

The iconic accessories chain Claire's has been saved from bankruptcy after a new buyer stepped in to acquire its UK and European operations, securing the future of its British high street stores.

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