Deliveroo slashes sales forecast as cost of living bites Deliveroo Deliveroo slashed its sales forecasts today as it predicted the rising cost of living would lead to a slowdown in consumer spending this year.
Simply Be and Jacamo owner hopes for a rebound after bumpy few months RETAIL Investors in online retailer N Brown will be looking for signs of recovery in its full year results this week after the firm paid out a hefty legal settlement and has struggled amid a broader slowdown in consumer spending. N Brown, which owns brands such as Simply Be and Jacamo, reported a 7.6 per cent [...]
Victoria Plum sold in pre-pack administration deal to owner of Beds.co.uk Retail The owner of Beds.co.uk and furniture seller Cox & Cox has reportedly snapped up Victoria Plum, one of the UKs biggest online bathroom retailers.
TGI Fridays owner posts flat earnings as Christmas holidays boost revenue amid cost-cutting drive January 16, 2024 Owner of chain restaurant TGI Friday’s said revenues were flat during the second half of the year, amid a cost cutting drive for the group.
Nokia slashes guidance as sales hit by customers cutting back July 14, 2023 Nokia has slashed its guidance for the rest of the year with net sales now expected to be between £19.84bn -£21bn (€23.2bn- €24.6bn) as the mobile phone maker feels the impact of a slowdown in consumer spending. The telecommunications giant said that it was also lowering its operating margin range outlook – the percentage of [...]
Topps Tiles cautions over sliding sales as annual profits slump November 28, 2023 Topps Tiles cautioned over a “weakening of discretionary consumer spending” that is impacting trading so far in its new financial year, with like-for-like Topps Tiles sales down 6.1% in the first eight weeks.
H&M sales fall back after warm weather dented September shopping December 15, 2023 H&M Group has reported stagnant sales in recent months as the international fashion retailer faces a slowdown in consumer spending and the knock-on impact of closing stores in Russia. Between September and November, net sales fell by 4% in local currencies compared with the same period last year, totalling 62.6 billion Swedish krona (£4.8 billion). [...]
Brighton Pier Group’s share price plummets as rail strikes hit footfall September 25, 2023 Brighton Pier Group’s share price nosedived over nine per cent today after it revealed that strike action on the UK’s rail network had hit the firm’s revenues. In the six months to July, total revenues for the group, which manages the iconic pier, were £16.2m, down from £17.3m for the same period last year. The [...]
Mr Fogg’s City Tavern named best pub in the Square Mile in boost for London hospitality April 29, 2024 A popular Broadgate haunt, Mr Fogg's City Tavern, has been crowned the best pub in the City of London, in a welcomed boost for the capital’s hospitality scene.
Wilko bidders have until Wednesday to make an offer for troubled retailer August 14, 2023 Bidders for troubled retailer Wilko have reportedly been given until Wednesday to place offers for the company after collapsing into administration last week. A number of discount retailers and financial investors are considering offers for the company, and administrator PwC is seeking offers by the middle of the week, Sky News reported. Last week, the [...]