Watches of Switzerland: Shares crater 30 per cent as demand for luxury flattens January 18, 2024 Shares in Watches of Switzerland have fallen by over 30 per cent after the luxury watch maker warned on its earnings for the year. . In an update, the Rolex seller said that it was bruised by “challenging macroeconomic conditions” over Christmas which impacted consumer spending in luxury retail. It now expects revenue for the [...]
UK nightlife and hospitality ‘teetering on brink’ of collapse as government intervention urged January 17, 2024 The UK’s hospitality and nightlife sector is “teetering on the brink” of collapse, industry voices have warned, after a number of high profile closures have piled pressure on the government to provide more support. Less than a month into the new year, it has been reported that up to 43 hospitality venues across Britain face [...]
Mulberry blames tourist tax and slowdown in luxury demand for falling sales January 17, 2024 British fashion house Mulberry has blamed a slowdown in demand for luxury spending for a nine per cent decline in sales over the golden quarter.
TGI Fridays owner posts flat earnings as Christmas holidays boost revenue amid cost-cutting drive January 16, 2024 Owner of chain restaurant TGI Friday’s said revenues were flat during the second half of the year, amid a cost cutting drive for the group.
Houthi strikes: Drone and missile launch sites destroyed, Rishi Sunak tells MPs January 15, 2024 Drone and ballistic missile launch sites were destroyed in “carefully targeted” strikes by Britain and the US in Yemen last week, Rishi Sunak has told MPs.
Superdrug market share hits 10-year high as savvy shoppers boost sales January 15, 2024 High street chemist Superdrug now holds 40 per cent of the mass market share in cosmetics, as shoppers seeking out cheaper beauty alternatives help propel sales.
Fragrance Direct predicts return to growth after ‘challenging year’ January 15, 2024 Fragrance Direct has said it expects its performance to improve over the coming months after blaming its fall in sales on a number of factors including the cost-of-living crisis.
A sign of the times: Pawnbroker Ramsdens cheers ‘milestone’ year as cash-strapped Brits flog valuables January 15, 2024 Pawnbroker Ramsdens recorded ‘milestone’ full year profits as it was helped by Brits flogging their goods amid the cost of living crisis.
Fortnum and Mason heralds ‘resurgence of shopping in real life’ as it sells 700k packets of posh biscuits January 11, 2024 Fortnum & Mason sold over 700k packets of posh biscuits over Christmas, as shoppers traded up over the festive period.
Sadiq Khan to claim ‘hard-line’ Brexit has cost the capital 300,000 jobs January 11, 2024 Sadiq Khan is set to warn Brexit has hit London’s jobs market, claiming the capital has lost 300,000 jobs as a result of the departure from the EU