Brits quit clubbing and booze in fresh blow for late night traders December 14, 2023 Brits are drinking and spending less on a night out, a new report has revealed, as conscious clubbers ditch the booze to protect their pockets and health. When partygoers hit the town they spent an average of £73.19 on a night out, 2.1 per cent less than they did a year ago, a study by [...]
Currys UK earnings slump amid cost of living crisis December 14, 2023 Electronic goods retailer Currys has recorded a 40 per cent drop in earnings before interest and tax (EBIT) in its UK and Ireland arm.
Zara sales continue to expand as consumers keep buying December 13, 2023 Inditex, the Spanish fashion brand that owns Zara, today reported robust sales growth as consumers continued to splash out.
Revolution Beauty reaches settlement agreement with co-founder December 13, 2023 Embattled makeup giant Revolution Beauty has reached a settlement agreement with its co-founder to change terms for the acquisitions of a pharmaceutical company which he owned. The troubled makeup brand was in discussions with the former executive chairman, Tom Allsworth, to fix the timetable for deferred payments owed to him for his stake in Medichem. [...]
Boots could return to London market after 16-year hiatus as US owner considers listing December 13, 2023 The American owner of Boots is reviving discussions on selling off the UK pharmacy chain, nearly 18 months after a sale process was shelved. According to Bloomberg, Walgreens Boots Alliance (WBA) has been holding talks about ways to separate the UK-based pharmacy Boots, in a deal that could be valued at about £7bn. Back in [...]
Oxford Street revival to ‘peak’ next year as West End recovers from candy store scourge December 12, 2023 Sam Foyle, director of retail at Savills said that everyone has been looking at the street “really positively” and there are currently 15 deals from businesses under offer at the moment.
B&Q faces backlash over changes to staff breaks December 12, 2023 B&Q is facing backlash from staff following changes made to paid breaks and reduced hours, according to reports.
Zara pulls ad following complaints of alleged Israel-Hamas war imagery December 12, 2023 Zara said the campaign, advertising its Atelier line, was “conceived in July and photographed in September”.
Supermarket sales slide before Christmas as Brits buy food and put off big ticket items December 12, 2023 Sales of general merchandise fell by seven per cent year-on-year in the four weeks to 2 December, as Brits put off spending before cashing in on sales promotions in the run up to Christmas. Total till sales growth at UK supermarkets slowed to six per cent in the last four weeks, according to the latest [...]
Pepco: Poundland owner ‘cautiously optimistic’ despite ‘disappointing’ profits December 12, 2023 The owner of Poundland, Pepco said it was cautiously optimistic for the year ahead, as it recorded a 17.1 per cent surge in revenues for the full year to €5.6bn – despite profit problems mounting. Demand for budget goods has surged amid the cost of living crisis as shoppers seek out cheaper alternatives, according to [...]