Supermarket sales slide before Christmas as Brits buy food and put off big ticket items December 12, 2023 Sales of general merchandise fell by seven per cent year-on-year in the four weeks to 2 December, as Brits put off spending before cashing in on sales promotions in the run up to Christmas. Total till sales growth at UK supermarkets slowed to six per cent in the last four weeks, according to the latest [...]
Various Eateries to capitalise on ‘reduced competition’ in casual dining market December 6, 2023 The business behind restaurants Coppa Club and Noci, Various Eateries, is looking to ramp up the rollout of both sites as it looks to capitalise on "reduced competition" in the casual dining market.
Brits to cough up an £100 extra on festive treats this Christmas December 5, 2023 Cash-conscious Brits are loosening their purse strings in the run-up to Christmas as they prepare to spend an extra £100 on festive food and activities.
Hospitality sector to create 700,000 jobs over festive season, research finds December 4, 2023 Around 700,000 jobs are expected to be created in the hospitality industry over the festive season, new research suggests. Around half of companies in the sector are hiring staff for the busy next few weeks, with an average of eight each, according to recruitment site Caterer.com. Kathy Dyball, director at Caterer.com, said: “Despite the cost-of-living [...]
London high streets get pre-Christmas boost December 1, 2023 The number of people hitting the high street in London grew in November, according to the latest footfall statistics, as the capital gears up for a much needed festive boost. A new reading from the British Retail Consortium (BRC) shows that footfall in London reached -0.4 per cent in November down from -2.9 per cent [...]
Mulberry: Chief calls to scrap London tourist tax as losses widen November 30, 2023 Thierry Andretta, said that a weak economic outlook is impacting the entire luxury industry and called for UK government to bring back VAT free shopping for international tourists
‘A cruel blow’: Loungers boss bemoans Hunt’s lack of business rates support for larger firms November 28, 2023 The boss of Loungers has criticised chancellor Jeremy Hunt’s decision to not extend business rates relief to larger firms, describing it as a “cruel blow”. Speaking to City A.M, the chief of the casual dining chain, Nick Collins, said: “It’s going to add to the inflationary pressure, at a time when hospitality really struggled with [...]
Wilko ‘ran out of cash’. Former boss apologies to staff over collapse of chain November 28, 2023 The former boss of Wilko, Lisa Wilkinson, was pushed to offer an apology to the staff of the now-collapsed high street chain and admitted that she let her employees down.
London sellers failing to acknowledge the property market has ‘begun rebalancing’ November 28, 2023 Desperate London home sellers have been accepting average discounts of as much as £25k on asking prices as the property market has seized up.
Wilko bosses to be questioned by MPs following company’s collapse November 23, 2023 The bosses of Wilko will appear before MPs next week to explain the shortfall in the company’s pension fund and why its owners were taking money out of the debt-laden company. MPs on the Business and Trade Committee said they would question the company’s former chief executive and chairwoman as well as representatives from its auditor EY. [...]