On the Beach hits record bookings as CEO hails ‘most successful summer’ ever September 13, 2023 On the Beach has revealed a record year of bookings as it emerges from one of the busiest summer seasons of travel on record. In a trading update this morning, the package holiday retailer reported a 26 per cent rise in total transaction value (TTV), which represents gains in holiday bookings pre-cancellation, to deliver a [...]
Tim Martin: Wetherspoon boss on Brexit, retirement and why Gen Z are ‘closet drinkers’ September 13, 2023 Eccentric, outgoing and a business success story: we pull up a barstool and chat with Wetherspoon's Tim Martin
Slug & Lettuce owner: Price of a pint will rise during peak hours September 12, 2023 The pub group that owns Slug & Lettuce has said it will increase the price of its drinks by 20p during its busiest trading hours due to rising costs. Stonegate Group, which also owns the Yates pub chain, said it would raise prices across 800 of its 4,800 sites to offset increasing costs including extra [...]
Poundland owner Pepco snaps up 71 Wilko sites after its collapse September 12, 2023 Poundland owners, Pepco, will acquire 71 Wilko sites to be transformed into Poundland chains. Yesterday, it was confirmed that all Wilko stores would vanish after a deal with HMV owner Doug Putman fell through due to over concerns about the costs of the retailer’s infrastructure. Rival discounter store chain B&M also bought 51 Wilko stores [...]
Fever-Tree: Boss blames ‘vagaries’ of British summer for lower profit expectations September 12, 2023 Fever Tree said it had been battered by Britain's unpredictable weather, as a wash out summer led it to cut annual profit expectations.
Wickes on track to hit guidance for year despite near 40 per cent fall in profit September 12, 2023 Wickes has said it continues to trade in line with expectations after recording a 0.7 per cent uplift in revenues to £827.7m, despite a near 40 per cent slide in profits before tax. The London-listed DIY and home improvement retailer was bolstered by sales in its Do It For Me (DIFM) offering, with sales up [...]
Grocery price inflation drops to its lowest level in over a year September 12, 2023 Grocery price inflation dropped to its lowest level in over 12 months, falling 12.2 per cent for the four weeks to September, new data shows.
ABF: Primark owner raises profit outlook as womenswear added to click and collect trial September 12, 2023 Primark's owners ABF have bumped up profit guidance again after the value retailer's online shopping trials proved successful
Primark results: ABF investors to see if digital push paid off September 11, 2023 Primark owner ABF is set to publish its full year update tomorrow, with investors keen to see if the budget favourite will continue to impress.
RIP Wilko: How another high street chain went to the wall September 11, 2023 After more than 90 years on the high street, Wilko and all its 400 stores will vanish by early October. Its 12,500 staff were hoping that HMV owner Doug Putman would be able to close a rescue deal that would see several hundred stores saved. But the Canadian entrepreneur abandoned talks with the high street [...]