Brits set to plunge themselves into £3.7bn worth of Buy Now Pay Later debt before Christmas November 8, 2023 Cash strapped Brits are forecasted to spend a whopping £3.7bn using Buy Now Pay Later (BNPL) schemes in the run up to Christmas, as the cost of living crisis continues to plunge shoppers into debt. The figure is expected to rise a staggering 8.8 per cent from the previous year, as more customers under the [...]
Luxury shoppers switch to second hand Rolexes because wait time is too long November 7, 2023 Impatient luxury shoppers are opting to buy refurbished Rolexes because the wait list for a brand new five-figure watch is too long, the chief executive of Watches of Switzerland has said. Brain Duffy, who heads up the designer store, said the growing trend amongst consumers to purchase a refurbished model of the pricey status symbol [...]
Naked Wines shares dive as it ousts boss and warns of falling revenues November 7, 2023 Naked Wines shares plunge after it slashes revenue forecasts and dumps chief executive
ABF: Rita Ora collaboration helps Primark owner’s revenues hit almost £20bn November 7, 2023 Primark owner Associated British Foods (ABF) has continued to rake in hefty profits despite the cost of living crisis, with group revenue for the full year rising 16 per cent to £19.7bn. The owner of the budget fashion brand said that revenues at its retail arm rose 17 per cent to £9bn as customers flocked [...]
Christmas fear for UK restaurateurs as Brits cut back on dining out to heat their house November 7, 2023 In the run up to Christmas, 56 per cent of respondents said they would cut back on eating out at restaurants
Legendary London restaurateur Jeremy King to reopen iconic Simpson’s in the Strand November 6, 2023 Legendary London restaurateur Jeremy King is to re-open Simpson's in the Strand alongside the Savoy Hotel as he looks to regain his place at the top table of London hospitality.
Boohoo pressures suppliers to drive down prices, says BBC probe November 6, 2023 Boohoo introduced a five per cent price cut for every week an order was late, a BBC report alleges
Could the eastern end of Oxford Street revitalise West End retail? November 5, 2023 A host of new stores at one end of Oxford Street are breathing life into London's oldest shopping street
Wework is one of London’s biggest tenants — what could a potential collapse mean? November 3, 2023 Wework has recently found itself in hot water, with US reports suggesting that the company could file for Chapter 11 Bankruptcy as soon as next week.
Wickes returns to ‘volume growth’ and ‘on track’ trading expectations after two year hiatus November 3, 2023 The home improvement retailer reports volume growth for the first time since 2021.