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Boohoo has posted a drop in half year sales and profit after trading was impacted by the ongoing cost-of-living crisis. In the six months to 31 August, the online fashion retailer saw its adjusted pre-tax profit slump by 90% to £6.2 million following a 10% decline in revenue to £882.4 million. The...

Morrisons is reducing the prices on 150 of its most popular products to help customers cope with the cost of living crisis. The supermarket said the lower prices cover nearly 6% of Morrisons’ total volume sales and offer customers an average saving of 14%. Morrisons said has invested more than £100 million...

Montblanc has expanded its presence in Harrods with a second corner space in the department store. The luxury brand already has a boutique within the arcade on the lower ground floor that houses its limited-edition writing instruments, timepieces and new technologies.  The new second floor space in men’s designer collections will...

The cost-of-living crisis is set to cause a drop in footfall in the run-up to Christmas according to retail intelligence firm Springboard. The company is predicting that footfall across all UK retail destinations will decline on a month-to-month basis by 4.9% in September, 2.5% in October and -0.3% in November. However, Springboard...

Card Factory has seen its half year revenue increase by 69.4% to £198 million following a “shift of customer spend back towards the high street and reversal of lockdown effects”. In the six months to 31 July, the greeting cards retailer posted a pre-tax profit of £14.3 million compared to a...

Marks & Spencer has launched a new range of vegetarian meals called Veggie following an uptick in demand for more vegetarian choices from customers. Developed by the retailer’s in-house chefs, the range includes a choice of 14 meals including dishes such as Roasted Butternut Risotto and Roasted Mushroom Ravioli. M&S said its...

Aldi has doubled down on its price promise to customers as it announced that its pre-tax profit declined by 86.5% to £35.7 million in 2021. The supermarket attributed the fall to investment in prices, people and pandemic-related expenses. It also revealed that it spent an extra £2 billion with UK suppliers last...

Harrods has launched a new loyalty programme tailored to customers at its H Beauty stores. Part of Harrods Rewards, the new MyBeauty offering will give members access to a range of benefits including points when purchasing beauty products, event invites and exclusive promotions. In celebration of the launch, Harrods is offering customers...

Sainsbury’s has announced that the potential sale of 18 supermarkets to LXi REIT will not be going ahead. The retailer said last week that it was in discussions with the commercial property company on the sale of the stores on a sale and leaseback basis. The funds raised would have been...

Waitrose has launched a new integrated campaign for its new Food to Feel Good About brand promise as it looks to highlight quality, taste, ethics and value. The campaign has been developed using data from the supermarket’s customer strategy which is based on insights from over 4,000 target customers and partners. The...