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Significant revenue increase: Hummel returns to profit in 2024

Danish sportswear supplier Hummel A/S saw a significant increase in its revenue in the 2024 financial year and returned to profitability. This was revealed in the latest figures published by the company last year, December 30, 2024. Accordingly, revenue reached 326 million euros in the past financial year. This represented a nine percent...

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Retail|REPORT

Growing number of retailers use secondary revenue to increase profits

London - An increasing number of retailers are diversifying their income streams beyond the non-core product sales to increase the profit margins. Retailers have expanded their offerings outside of their conventional product lines, following the successful adoption of similar practices in the airline industry, according to new research from...

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Business

French Connection and Foot Locker named & shamed for failing to pay minimum wages

The government has stepped up once more and named & shamed 48 additional firms, which include the likes of French Connection and Footlocker, for failing to pay all members of staff the National Minimum wage, which currently stands at 6.50 pounds per hour for 21 year olds and over. The news comes not long after the the government published a list...