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cost of living crisis

  • Customers’ own brand switch slows sales growth at Victorian Plumbing

    February 27, 2024

    Customers switching to own brand products because of the cost-of-living crisis impacted sales at Victorian Plumbing during the first part of its financial year, according to new figures.

  • Miniso: The New York-listed Chinese retailer looking to take London high streets by storm

    February 26, 2024

    Shein was first - but it isn't the last Chinese operation coming for London

  • Tortilla Mexican Grill says adios to long serving chief

    February 22, 2024

    One of London’s most popular Mexican chain restaurants, Tortilla Mexican Grill,  has announced the departure of its long-serving boss and their successor.

  • Gymshark: Profits continue to fall despite surge in sales

    February 22, 2024

    Profits continued to fall at Gymshark during its latest financial year despite its sales surging past £550m, newly-filed documents have revealed.

  • Nestle: Kit Kat and Nescafe maker’s sales below par as inflation hits demand

    February 22, 2024

    Nestle, the Kit Kat and Nescafe coffee maker, reported lower than expected sales for the full year, as high inflation continued to impact customer demand. 

  • Angling Direct reels in revenue despite choppy retail environment

    February 21, 2024

    Specialist fishing tackle and equipment retailer Angling Direct has continued to make profit despite disruptions from storms and an economic downturn.  In an update, the publicly listed firm said revenue grew 10.2 per cent to £81.7m in the full year to January 2024.  UK sales were also hiked nine per cent to £77m, as the [...]

  • Pawnbroker H&T snaps up Essex firm as recession drives Brits to borrowing

    February 21, 2024

    Pawnbroker H&T has snapped up a rival firm in Essex for £11.3m, as the business continues to profit from cash strapped Brits amid an economic squeeze. 

  • UK’s largest nightclub operator Rekom owed over £120m as it collapsed into administration and cut 470 jobs

    February 19, 2024

    The UK's largest nightclub operator owed more than £120m as it collapsed into administration and cut almost 500 jobs before a rescue deal was agreed.

  • Cost of love: Brits opt to dine in and scale back as flower prices soar this Valentine’s Day

    February 14, 2024

    The price of a bouquet of roses has shot up around four per cent if you look at Wednesday’s inflation reading. 

  • A mystery: One of Brick Lane’s iconic beigel shops has shut – and nobody knows why

    February 14, 2024

    One of two Brick Lane beigel shops - which have provoked heated debate amongst Londoners for decades - is shut, and nobody quite knows why.

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