Retail industry warns of increased abuse against workers over mask rules July 8, 2021 Retail industry warns of increased abuse against workers over mask rules
WH Smith’s airport takeover is InMotion after Dixons Travel shop deal July 8, 2021 WH Smith's airport takeover is InMotion after Dixons Travel shop deal
Discounter B&M revenue growth slows after bumper pandemic trade July 8, 2021 Discount retailer B&M’s first quarter results show increased revenue, but at a slower pace to the growth in its last financial year. The group’s total revenue for the first quarter, the 13 weeks to 26 June, increased from £1.15bn to £1.18bn, providing a strong start to the new financial year for the retailer. The results [...]
Fuller’s looks to end of restrictions to drown sorrows after £60m loss July 8, 2021 Pub chain Fuller, Smith & Turner swung to a £60m loss across a 12 months in which its estate was shut for nearly three-quarters of the year due to the pandemic. The group reported a £59.2m loss for the last financial year, down from a profit of £166.2m the year before. It said that its [...]
Watches of Switzerland clocks £905m revenue as customers ‘disposable wealth’ swells July 8, 2021 Luxury watch group Watches of Switzerland posted a £905.1m revenue this morning, as the pandemic allowed the disposable income of its wealthy customers to swell. Total revenue grew 13.3 per cent in the 53 weeks to 2 May. Revenue in the UK alone lifted 3.6 per cent to £606.5m, making the UK the watchmakers key [...]
High streets see the most shoppers since the beginning of the pandemic July 8, 2021 The number of shoppers on high streets, in shopping centres and in retail parks last month was the highest since the beginning of the pandemic, but still notably behind 2019 levels. The largest gains in footfall were made on high streets, which continued to benefit from the reopening of hospitality, with the number of punters [...]
Mark Wahlberg-backed fitness group F45 plots $1.5bn IPO July 7, 2021 F45, the fitness chain backed by Hollywood hardman Mark Wahlberg, is seeking a valuation of more than $1.5bn (£1bn) in a US stock market float. The company, which was founded in Australia but is based in Texas, is plotting an initial public offering on the New York Stock Exchange after cashing in on the growing [...]
Ikea shelves plan for a new Sussex store due to ‘changing shopping habits’ July 7, 2021 Ikea UK has said it’s scrapping planned development of a new store at the New Monks Farm site in Lancing, Sussex. The Swedish furniture giant had selected the site in 2016 and was granted planning permission in 2020 as part of a £170m regeneration plan. However, the flat-pack furniture seller has pulled the plug, owing [...]
I’ll take two: London UK’s leading no-show hotspot for restaurant bookings July 7, 2021 London has been revealed to be the flakiest city in the UK for ghosting bookings, according to restaurant booking platform TheFork. Under the current restrictions in the hospitality sector, a pandemic-provoked ‘spread booking’ phenomenon has been reported by an increasing number of bars and restaurants. Some customers have been booking a table at more than [...]
Amazon accounts for a quarter of all UK online spending July 7, 2021 Amazon commands a sizeable chunk of all UK online spending, with more than a quarter of online purchases made via the ecommerce giant. A total 27 per cent of all UK online spending is via Amazon, according to data from ecommerce consultancy Wunderman Thompson Commerce. Last year, eMarketer forecasted that UK consumers will spend £141.33bn [...]