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Retail

  • HMV: Date flagship Oxford Street store reopening confirmed after ‘dramatic turnaround’

    November 16, 2023

    HMV, the British music and video store that has gone kaput twice, will reopen doors to its flagship store on Oxford Street next week.

  • Hotel Chocolat’s sweet £534m Mars deal leaves London market on a sugar high

    November 16, 2023

    Charismatic founder, Angus Thirlwell, told City A.M that the business “really valued” its time on the London market. 

  • Burberry shares plunge as it blames tourist tax for luxury slowdown

    November 16, 2023

    Burberry hit out at the government's decision to scrap the tourist tax and revealed a six per cent loss year-on-year in profit.

  • Mr Kipling owner Premier Foods boosted by falling inflation as sales and revenue jump

    November 16, 2023

    Premier Foods' boss: "We know how challenging the past year has been for many consumers and so it's good to see the rate of input cost inflation falling."

  • Black Friday sales due to drop by a quarter as cash-strapped Brits hold off for Christmas

    November 16, 2023

    Overall, the proportion who do not intend to buy at all has increased from 39 per cent last year to 56 per cent.

  • Future of Britain’s high streets depends on business rates support, industries warn

    November 16, 2023

    Britain's high streets could be set for further decline if the government doesn't continue business rates support in the upcoming autumn statement, a group of retail, hospitality and leisure organisations has warned.

  • Could this last-minute reservation app help fix London hospitality’s no-show problem?

    November 15, 2023

    Ambl, which now has 600,000 downloads, was launched last year by former financial sales worker Aaron Solomon after he struggled to find a table to entertain clients.

  • Fuel retailers face fines if they do not ‘come clean’ over pricing

    November 15, 2023

    Fuel retailers face fines if they fail to be more transparent on pricing, Energy Secretary Claire Coutinho has announced.

  • Asda slashes debt as value range sales surge

    November 15, 2023

    Asda has reduced its debt pile from £4.2bn to £3.9bn, according to its third quarter results, thanks to “strong cash generation” at the UK supermarket.  The ‘Big Four’ grocer, said that during the term like-for-like sales, excluding fuel, increased by 2.8 per cent to £5.4bn compared to the same period last year.  Food like-for-like sales [...]

  • Pub group Fuller’s hails ‘seven day a week City of London’ as it readies for bumper Christmas

    November 15, 2023

    Fuller's is "primed for a strong Christmas", while its bookings are already soaring 11 per cent ahead of what they were last year.

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