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cost of living crisis

  • 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

  • Tesco: Britain’s biggest supermarket raises profit guidance as shoppers trade up over Christmas

    January 11, 2024

    Britain’s biggest supermarket Tesco has upgraded its profit guidance for the year off the back of a strong Christmas performance. 

  • Junkyard Golf Club continues to create jobs despite cost-of-living crisis

    January 10, 2024

    Junkyard Golf Club continues to expand and create jobs despite rise in costs.

  • Shoe Zone thanks back-to-school shopping for near 20 per cent profit boost

    January 9, 2024

    High street retailer Shoe Zone thanked back to school shopping for a 19.1 per cent jump in profit before tax for the full year. 

  • London restaurant openings near pre-pandemic levels as wealthy eaters splash out

    January 8, 2024

    The number of new restaurants opening in London has almost returned to pre-pandemic levels, despite ongoing pressure placed on the industry. 

  • Revs to shut Liverpool bar and host of others as youngsters stop spending

    January 5, 2024

    Revolution Bars has said it will close down eight of its least profitable venues in response to young people scaling back nights out due to the cost of living crisis.  In a trading update, the nightlife operator blamed younger customers feeling the “disproportionate” effect of the cost-of-living crisis and the national living wage increase for [...]

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