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Retail & High Street

Billionaire's hedge fund sells almost entire Boohoo stake after shares drop
North West
Mike Ashley's Frasers Group acquired a stake in Boohoo earlier this week
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THG shareholders voice opposition to re-election of long-standing board member
North West
Iain McDonald is also a board member at fashion giant Boohoo
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WH Smith among South West firms named for failing to pay minimum wage
HMRC
Over 200 employers being named by government for failing to pay their lowest paid staff the minimum wage
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Revenue climb fails to halt drop in profit at Halfords
West Midlands
Bike and car part retailer sees pre-tax profit drop by 55 per cent as customers reject ‘big ticket' items amid cost-of-living crisis
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Nationwide promises to keep high street branches open until 2026
Retail & High Street
The Swindon-headquartered building society has 605 branches across the country
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Revolution Beauty brands Boohoo's attempted coup as 'value-destructive, opportunistic and self-serving'
North West
Earlier this week, Boohoo launched a campaign to vote the chief executive, chief financial officer and chairman of Revolution Beauty off the board
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THG boss Matthew Moulding gives up power to veto hostile takeover approaches as group eyes 'significant increase' in profits
North West
THG has also announced two changes to its board
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The Prince's Trust hosts first-ever Black Pound Marketplace event
Black Communities
BusinessLive looks at five black-owned start-ups supported by The Prince's Trust
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Eight-storey student flats with shops and commercial space in Beeston gets green light following appeal
Construction
Initial planning application was turned down because of parking concerns, scale of the building, and its sustainability
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Mike Ashley's Frasers Group doubles stake in Currys
Retail & High Street
Frasers has a history of investment partnerships in other retail brands, such as AO.com, Asos and Hugo Boss
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Mike Ashley's Frasers Group acquires stake in fashion giant Boohoo
North West
The move comes after Frasers Group acquired an 8.9% stake in electricals retailer Currys
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The future of the high street: FSB wants businesses to have their say on what the future holds
Retail & High Street
FSB launching survey on July 13 to plan ‘new golden age of the high street’
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Next issues surprise trading update – and it’s not bad news
Retail & High Street
Good news on the high street as warm weather and pay rises fuel better than expected summer trading
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Boohoo moves to take control of Revolution Beauty with boardroom purge
North West
Boohoo wants two of its non-executive directors to become Revolution Beauty's new executive chairman and CFO
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musicMagpie shrugs off postal strikes and low consumer confidence as trading rebounds
North West
The group said it focused on keeping a tight rein on costs and boosting profit margins rather than growing revenues on less profitable products
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New tenants at Southgate Retail Park in Derby
property news
Two units were snapped up by local businesses soon after they were vacated by Subway
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Revealed: The 2023 Top 200 Businesses in Derbyshire
Economy
Car giant again tops annual list put together by University of Derby Business School
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Mike Ashley's Frasers Group increases stake in AO
North West
The original deal saw Frasers Group acquire a stake of just under 19% in AO for £75m
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Fashion group N Brown blames 'poor early spring weather and low consumer confidence' for continuing sales fall
North West
N Brown's brands include Simply Be, Jacamo and JD Williams
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Higher financing costs, limited stock availability and fall in electric car values contribute to £300k loss at Motorpoint
Company Results
But sales up almost 9 per cent to £1.44bn as share of second-hand car market grows
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Green washing machines and tumble dryers help Marks Electrical sales edge closer to £100m
Company Results
Newly published results show marketing spend was 5 per cent of overall revenues
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Young's Seafood expands high-growth Gastro range with retailer Iceland
Food and Drink
Sole and sweet chilli additions come as premium range wins market share
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WH Smith completes bank refinancing with new long term £400m sustainability linked facility
Finance
Bosses at the Swindon-headquartered retailer said the new facilities support its ambitions to grow its global travel retail business
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European retail leader on backing front line workers with pay and protection
Retail
Debbie Robinson is the European vice president of Euro Co-ops and was Paul Sewell's Humber Business Week Elevenses guest
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