UK retailer AO World reports bigger losses amid living costs crisis Online electrical store is cutting costs but faces ‘tough environment’ and supply chain problems
Nando’s cuts losses but recovery slowed by inflation and supply chain pressure
Chief executive Rob Papps said the chain expects 2023 to be ‘another volatile year’.
Halfords to take on 1,000 car technicians but profits sag amid spending squeeze
Halfords has seen interim profits halve as under-pressure consumers cut back on non-essential spending but the group is to take on 1,000 technicians to boost its flourishing car servicing offer.
Profits at Halfords drop amid consumer cutbacks on non-essentials
The retail chain reported underlying pre-tax profits of £29 million for the six months to September 30, down from £57.9 million a year ago.
UK's Halfords says motor servicing demand strong, but purchases hit
British bikes and car parts retailer Halfords is seeing strong demand for motor servicing and is planning to hire 1,000 technicians in the next 12 months, it said on Wednesday, even as discretionary spending softened.
Retirees and women to be targeted in Halfords drive for 1,000 new car repair technicians
The company has said a competitive labour market has led to capacity constraints, though supply chain and lockdown challenges had "almost entirely subsided".
AO World bets on soccer World Cup to spur TV sales
Sales of television sets could get a boost if England reach the final stages of the 2022 soccer World Cup, the chief of AO World said on Tuesday, as upbeat profit guidance from the British online electricals retailer sent its shares soaring.
AO World reveals widened losses amid cost crisis, but insists actions paying off
The group reported pre-tax losses of £12 million for the six months to September 30 as revenues tumbled 17% to £546 million.