Retail sales fall to lowest level in two years as inflation bites November 17, 2023 Retail sales volumes have fallen for the second month in a row — slumping to their lowest level since 2021— as consumers continued to feel the impact of inflation, Office for National Statistics (ONS) data showed. Sales volumes fell 0.3 per cent month-on-month in October and 2.7 per cent year-on-year. However, consumers are spending more. [...]
Marston’s appoints new chief from Merlin Entertainments as long-standing Andrea hangs up hat November 17, 2023 Pub chain Marston's has appointed a new chief executive, Justin Platt, to replace the long-standing Andrew Andrea.
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.