John Lewis redundancies: What does the law say about department store job cuts? Retail More UK retail jobs are set to be lost after John Lewis revealed plans to cut its headcount by more than 150 in the coming months. The move means the department store giant becomes the latest household name to reduce its staffing numbers so far this year. John Lewis has said it hopes to achieve [...]
LG Electronics: UK sales suffer almost £100m fall as Samsung rivalry heats up Retail Sales at the UK arm of LG Electronics have been slashed by almost £100m after it lost market share and Samsung stepped up its competition. The Surrey-headquartered division has reported a turnover of £561.4m for 2023, down from £654.3m, according to newly-filed documents with Companies House. Its pre-tax profit was also cut from £19.7m to [...]
Plus500 on track despite distracted Euro 2024 traders slowing activity Business Retail trading platform Plus500 has weathered the Euros storm and expects to deliver results in line with markets expectations.
The Works hoping to return to profit growth following challenging year May 21, 2024 Discount books and crafts supplier The Works is hoping to deliver more than £8m in profits next year, following a challenging 12 months in which it closed dozens of shops across the UK.
Retail traders care more about ‘finfluencers’ than their family April 30, 2024 Over a third of retail traders have said they would be more likely to listen to the advice of 'finfluencers' than members of their family.