More misery for London retail as footfall flatlines January 5, 2024 London retailers took yet another battering over December as footfall fell -1.4 per cent on a year-to-year basis, according to new figures from the British Retail Consortium (BRC). Festive cheer did not appear to be enough to drag shoppers back to the capital’s high streets, with the figure widening from -0.4 per cent the [...]
Cost of living crisis? Champagne sales in House of Lords reach highest level for five years January 2, 2024 The cost is up slightly from the 2022 total, when 1,580 bottles were sold at a cost of £85,462.51.
Charlie Bigham on inflation, his success and why he doesn’t make ready meals December 30, 2023 Bigham, now 56, started his food business over two decades ago, packing in a career as a management consultant for a taste of self-employment.
What will be in store for retail in 2024? December 26, 2023 As 2023 draws to a close, experts in the retail space have shared their thoughts on what next year might look like for the sector.
UK retailers report weak December sales, downbeat about January December 21, 2023 British retailers reported a downturn in already weak sales this month as consumers feel the squeeze from high borrowing costs and inflation, and they are gloomier about the start of 2024, a Confederation of British Industry survey showed on Thursday. The CBI’s monthly retail sales balance, a gauge of sales over the year to December, [...]
Nightmare before Christmas? Nearly 4,500 UK retailers are in ‘critical financial distress’ December 21, 2023 Nearly 4,500 UK retailers are in “critical financial distress” during the sector's ‘Golden quarter’ due to weak Christmas sales performances.
Tortilla Mexican Grill lowers guidance as shoppers steer clear of high street December 20, 2023 Tortilla Mexican Grill said it is trading below market expectations as sales have been hit by slow footfall on the high street and consumers spending less. During the full year, the board said that UK like-for-like growth was up slightly to 3.7 per cent, as the firm added it was helped by new store openings [...]
Superdry warns on profit as wet weather takes its toll December 19, 2023 Superdry blamed unseasonable weather for a 13 per cent slump in retail sales year-on-year, as the struggling fashion retailer continues to trade below management expectations. Wholesale earnings were down 41.1 per cent year-on year, which was due to the decision to exit its US wholesale operation. It was also driven by “timing differences and the [...]
Rise in living wage spells further misery for retailers, businesses warn December 18, 2023 Hollywood Bowl boss brands pay increase as 'unexpected hit'
Claridge’s back in black after seven-year rebuild as tourists flock back to London December 18, 2023 The Mayfair luxury hotel in Brook Street saw revenues more than double to £98.1m in 2022