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The decreased value of the pound has had a damaging effect on profits at car parts, bikes and camping retailer Halfords, despite the company reporting strong sales figures. Pre-tax profits fell 10.5% to £71.4m for the year to March, despite revenue increasing by 7.2% to approximately £1.1bn. Jill McDonald, chief...

In the 16-week period up to April 29th, UK like-for-like sales for electrical and telecommunications retailer and services company Dixons Carphone were up by 2%. Much of the increase was attributed to its good performance in the electricals department, leading to full-year group revenue for the company to rise by...

Charles Rolls, co-founder of premium mixer brand Fever-Tree, has sold shares in the company worth approximately £75m. Taking advantage of its recent successes and 924% increase in share price, Rolls sold a 3.9% stake in the company leaving him with an 11.2% stake. The company has exceeded many of its...

SuperGroup, the international branded clothing company have seen an increase in like-for-like sales for the year up to April 29th, rising by 12.7%. The company has benefitted from a weaker pound, leading to increased international sales which has been evident in the rising sales of its SuperDry brand, which closed...

Analysts Kantar Worldpanel have announced in a recent study that every brand named in its annual top 10 list has seen the proportion of the population buying them fall by an average 2.5%.  Some of this was attributed to the rise in uptake of consumers own brand products, with head...

Department store chain John Lewis have reported increased year-on-year sales last week, with overall sales being up by 1.1%. Womenswear and menswear sales rose by 7% and 6.3% respectively, along with beauty, wellbeing and leisure who benefitted from price matching with a competitor’s promotional event. Home sales fell by 2.2%...

Topps tiles chief executive Matthew Williams stated that his company remain positive about the long term outlook for the business in response to a tough period for the company which saw pre-tax profits fall by 1.9%. In the six months to April 26th, total revenue fell by 1.3% down to...

Chinese etailer JD.com have announced the trial of delivery drones capable of delivering up to a tonne of cargo in an attempt to ease deliveries to more rural areas. The drones The company has a vast network of warehouses across China and the Middle Kingdom, with a drone airbase in...

Womenswear retailer Karen Millen has announced that will have to raise prices in order to account for the change in the value of the pound in the wake of Brexit. Chief executive Beth Butterwick announced that the company’s mid-range products will see an increase of approximately 5%, stating that, “there...

The UK economy saw a reduction in growth in the first quarter, as consumers began to feel the effects of rising prices due to the fall in value of the pound. With the cost of imports rising in response to Brexit growth has begun to slow, predicted to be down...