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07.05.26 - 11:12
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JD Sports warns Iran war could hit consumer spending and raise prices (The Guardian)
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Retail group with 4,800 stores worldwide expects drop in profits this year amid 'muted market'Business live – latest updatesThe sports fashion retailer JD has warned that profits will fall this year amid a “muted market” hit by weaker spending by young people and concerns about the Middle East conflict.The company, which runs 4,800 stores worldwide including the JD, Blacks and Millets chains in the UK, said it expected profits of between £750m and £850m in the year ahead, after reporting £852m in the year to the end of January. Continue reading......
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24.04.26 - 18:00
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Retail sales rise in Great Britain after Iran war prompted ′panic at the pumps′ (The Guardian)
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Rise of 0.7% in March was spurred by motorists filling their tanks, and the sun helping clothing and footwearBusiness live – latest updatesMotorists stocking up on fuel helped to push up retail sales in Great Britain last month as the Iran war prompted “panic at the pumps” amid rapid rises in petrol and diesel prices.The Office for National Statistics (ONS) said the volume of retail sales rose by 0.7% last month, well above analysts' forecasts of just 0.1%. Continue reading......
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23.04.26 - 09:36
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Sainsbury′s says impact of Iran war may lead to drop in profits this year (The Guardian)
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Retailer WH Smith joins supermarket in warning on effects of Middle East conflict Sainsbury's has warned that profits could fall this year as the conflict in the Middle East squeezes customers' budgets and pushes up business costs.The supermarket group said the conflict “will impact both our customers and our business” and it was unclear how large the effect would be. Continue reading......
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