Christmas sales at Revolution Bars dip as sector welcomes end of Omicron measures January 20, 2022 Revolution Bar Group has posted its disappointing like-for-like sales over the Christmas trading period, when fresh Covid measures hindered pub bosses’ hopes. Like-for-like sales sales for the six week period ending 1 January were down -23 per cent in comparison to the last Christmas before the pandemic struck. Office parties were cancelled in waves as [...]
Primark to cut 400 jobs across the UK as part of overhaul of management team January 20, 2022 Primark owner Associated British Foods has reported a 16 per cent boost in group revenues for the 16 weeks up to 8 January 2022.
Superdry cuts its losses despite tumbling revenues January 20, 2022 Revenues at fashion brand Superdry have dropped on a one-year and two-year basis, but losses are also down at the retailer.
Deliveroo celebrates 70 per cent jump in transactions with average orders per customer climbing to 3.4 per month January 20, 2022 Deliveroo saw sales jump last year as customers continued to increase the number of orders they placed on the platform despite lockdown easing. The company said that gross transaction value – its favourite measure – rose 70% around the world, at the top end of what it had told shareholders to expect. In the UK, [...]
Shop staff fear abuse and Covid infection after government ‘flip-flopping’ on mask policy January 19, 2022 Retail workers have called on the government to reconsider its plans to scrap the requirement for shoppers to wear face masks. Prime Minister Boris Johnson announced the end of England’s plan B Covid restrictions yesterday. Mandatory mask rules will be scrapped next Wednesday. Retail trade union the Union of Shop, Distributive and Allied Workers (Usdaw) [...]
Procter & Gamble lifts sales forecast after price hikes and Covid demand for cleaning products January 19, 2022 Consumer goods giant Procter & Gamble hiked its annual sales forecast on Wednesday after a surge in Covid infections led to an invigorated demand for cleaning supplies. It marked a six per cent leap in quarterly sales, beating expectations. The company, which owns household brands such as Head & Shoulders and Ariel, reported its fabric [...]
‘John Lewis of sleep’: Eve Sleep shares sink 30 per cent despite accelerated lockdown growth January 19, 2022 Mattress retailer eve Sleep has reported lifted group revenue growth on 2019 levels with sleepy shoppers keen to opt for premium products. However the ‘sleeptailer’ saw shares sink 30 per cent on Wednesday after admitting Covid infection rates had “placed additional strain” on deliveries. The group posted two year group revenue growth of 11 per [...]
WH Smith takes pandemic beating as spending dips at its travel stores in airports and train stations January 19, 2022 WHSmith has revealed the Omicron variant led to a fall in spending at its travel stores in airports and train stations during the final four months of 2021. The retailer added that high-street sales managed to improve during the same period – including in December as infection rates rose – however, overall, the company’s sales [...]
Halfords offers Northern line commuters e-bike loans amid 17-week Bank branch closure January 18, 2022 Cycling and motoring services giant Halfords is offering Northern line commuters free e-bike loans, as workers face a 17-week line closure. Commuters with an Oyster Card or season ticket are eligible for a free e-bike for up to a week at a time, offered on a first come, first served basis. Halfords has invited commuters [...]
ProCook outperforms UK kitchenware market following stock market debut January 18, 2022 Kitchenware brand ProCook has posted 34.6 per cent revenue growth for the third quarter, in results on Tuesday morning. The firm reported revenue growth of 104.1 per cent on a two year like-for-like basis. The retailer made its debut on the London Stock Exchange following an initial public offering at 145p per share, which valued [...]