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Retail & Consumer

Manchester fashion brand Joanie Clothing announces closure after nine years
Fashion
Vintage fashion retailer has been hit by Brexit, Covid and international tariffs
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Young's to quit AIM for London main market with FTSE 250 ambitions
Retail & Consumer
Wandsworth-based Young's, which operates nearly 300 pubs across the º£½ÇÊÓƵ, said it would apply to join the main market of the London Stock Exchange as it targets eventual FTSE 250 eligibility
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B&M discount retailer issues third profit warning as CEO warns change will take time
Retail & Consumer
The discount retailer has cut earnings guidance to £440m-£475m amid declining º£½ÇÊÓƵ sales as it continues its 'back to basics' turnaround plan.
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North East wholesaler Kitwave agrees £251m takeover deal by US private equity firm
Deals
'We are excited by the prospect of working with OEP on the next chapter of our growth'
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Ovo Energy to pay out £2.7m to customers over warm home discount scheme delays
Energy
Some of the most vulnerable customers were left without the support they were entitled to during the coldest winter months, according to Ofgem
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Asda to outsource George.com delivery to DHL with 1,200 staff affected
Asda
Plan for distribution to move to DHL's Derby site.
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Coffee, sugar and butter prices drive food inflation up
Food and Drink
Food inflation reached 4.5% in December, with sugar and confectionery prices up 10.2%, behind the surprise rise in º£½ÇÊÓƵ inflation to 3.4%
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Currys shares rise as retailer defies high street gloom with strong Christmas sales
Retail & High Street
Tech retailer recorded 3% revenue growth in º£½ÇÊÓƵ and Ireland while Nordic sales jumped 12% over peak trading period
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Hays Travel in top three of º£½ÇÊÓƵ highest rated organisations in customer satisfaction list
Retail & High Street
The firm also topped the list of 22 online, retail and hospitality businesses in the tourism category
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Wetherspoon profits hit as pub giant warns of soaring bills
Food and Drink
Shares in the FTSE 250 firm slumped in morning trading after it warned on profits, blaming higher energy, wage and business rates costs
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Next agrees £2.5m deal to acquire Russell & Bromley – but 33 stores at risk
Fashion
The retailer will acquire the Russell & Bromley brand and three of its stores in Chelsea, Mayfair and Bluewater via a pre-pack administration
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Matalan says it outperformed market in key festive season with ‘relentless focus’ on growth
Fashion
Update comes fortnight before new CEO joins retail giant
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Stuart Rose steps down as EG Group chair as business plans $9bn New York listing
Issa Brothers
Roland Smith, the current chairman of American fast-food chain Jack's, replaces the retail industry veteran
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WH Smith names former Balfour Beatty boss as new chair
Appointments
The retailer's current chair will step down next month
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'New town square’ will see suburb's centre move
North West
Authority vows to 'invest in our district centres to support local economies'
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'Holiday park' built without permission in Cornwall refused
Construction
Cornwall Council has turned down a retrospective application for the four holiday pods, swimming pool and other structures
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Peel Retail and Leisure plans £10m shopping centre revamp
North West
Scheme includes indoor electric go-karting venue
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Devon holiday parks to get £1.3m upgrade ahead of summer season
South West
The works will take place over winter with both sites reopening in March
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Bath Rugby: The Rec gets ultrafast 5G including in fan zone
Business of Sport
The new network will improve connectivity on match days when thousands of people descend on the site
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Pub groups Mitchells & Butlers and Fuller's cheer 'exceptionally strong' Christmas
Food and Drink
Both pub groups shrug off cost-of-living concerns
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Mulberry reports strong festive sales as turnaround strategy shows early signs of success
Fashion
Somerset-based luxury handbag maker says global like-for-like sales rose 11% for the 13 weeks to December 27, with Europe leading growth
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Coca-Cola 'scraps Costa Coffee sale' after bids fall below target
Costa Coffee
Offers from private equity firms including Asda owner TDR Capital for coffee chain fell short of expectations
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TGI Fridays º£½ÇÊÓƵ shuts 16 restaurants with 456 job losses after administration
Retail & Consumer
The brand, which opened its first º£½ÇÊÓƵ site in 1987, said it will keep most of its sites open after securing a rescue deal
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Ramsdens revenues top £100m for first time bringing big leap in profits
Company Results
The pawnbroker, travel money and jewellery retailer is also plotting about eight to 12 new store openings this year
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