Mitchells & Butlers reports a drop in annual profits citing cost pressures and competition November 22, 2016 Pub and restaurant operator Mitchells & Butlers announced a drop in like-for-like sales as annual profits fell by more than a quarter for the year ended 24 September. The figures Like-for-like sales were down on the whole by 0.8 per cent, but the company is progressing toward growth with a rise of 0.5 per cent the last eight weeks' sales. Like-for-like food volumes [...]
Morrisons is bringing back the Safeway brand for a wholesale range and opening ten new convenience stores November 22, 2016 Morrisons is bringing back the Safeway brand, the supermarket announced today, as well as launching a new convenience store offering. The Safeway brand is to be revived as a range for wholesale to independent retailers – Morrisons said the re-introduction of the brand will enable it to "leverage its sourcing and unique food maker skills to [...]
Kingfisher’s share price drops as French business holds back sales November 22, 2016 Kingfisher's share price has dropped this morning after the company revealed its French business has been holding it back. The retailer – known for B&Q and Screwfix in the UK – has had good sales this side of the channel, but its share price was down 1.43 per cent at the time of writing. The figures Kingfisher's like-for-like [...]
AO World delivers £1.5m in earnings ahead of Black Friday November 22, 2016 UK internet retailer AO World said this morning that it has clocked up earnings of £1.5m, swinging back from a £4.5m loss last year. The figures The company said its group revenues had grown 23 per cent to £324.76m in the six months to 30 September. Read more: Here are the best deals available on Amazon today [...]
Peppa Pig owner Entertainment One reports 19 per cent increase in revenue but profit dives in first half November 22, 2016 Entertainment One has reported declining profits for the six months to 30 September, despite revenue climbing almost 20 per cent. The figures Group revenues were up 19 per cent to £401m from £337m this time last year. Adjusted profit before tax dropped 40 per cent from £40m to £24m, while reported pre-tax profit was down [...]
JD Sports is opening another megastore on Oxford Street November 21, 2016 JD Sports is opening another megastore on Oxford Street just in time for the busy Christmas period. The 16,000 sq ft store will open at the West One shopping centre on 10 December and is the brand's second shop on Oxford Street. JD Sports said the new store will create 125 jobs. The sports retailer is [...]
Black Friday 2016: Here are the best deals available on Amazon today November 21, 2016 Black Friday is no longer just a day – it has evolved into a week of deals. Today is no exception: and if you think "there's never anything for me in the deals", think again. Spending is expected to hit £2bn this year as online retailers discount items left, right and centre. Here's what you can get [...]
Everyman Cinemas cautions over year-end trading as this year’s blockbusters fail to impress November 21, 2016 As 2016's year-end blockbuster hits look unlikely to match the ticket sales of last year's, Everyman Cinemas expects sales to be down. The boutique cinema owner, which is listed on London's Alternative Investment Market (Aim), has cautioned over year-end trading in light of uncertainty in the months ahead. Last year, films like James Bond's Spectre and Star Wars: The Force Awakens [...]
How to get the best deals on Black Friday November 21, 2016 This Friday is no normal Friday. It is Black Friday, and if you want to make the most of the biggest shopping day of the year, you need to be prepared. Read more: Black Friday spending will almost hit £2bn this year There are already plenty of deals available online, but here are our top [...]
Flip-flopgate: Has Havaianas just pulled off the best Black Friday marketing ploy? November 21, 2016 It's happening again. Everyone remembers The Dress – was it blue and black? Was it white and gold? (It was definitely white and gold.) Now it's flip-flops. Debate is raging online over the colour of these sandals: What colour are these flip-flops? Some think they're white and gold. Others think they're black and blue. Sounds familiar, doesn't [...]