By: Amber Murray

Retail Reporter Amber Murray is a reporter at City A.M., covering retail, luxury and property stores. Prior to City A.M., she worked as a sub-editor for Fastmarkets and completed a Masters in Financial Journalism at City University. Please get in touch with stories/tips/coffees at amber.murray@cityam.com

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Hays results ‘lay bare’ UK recruitment crisis

August 22, 2024

Recent results from the UK’s leading recruitment firms have been, quite frankly, dismal: profit has collapsed across the board as firms struggle to stay afloat amid a sharp downturn in the market. The sector boomed in 2020 after the tech sector led to a surge in hiring, and increases in wage offers helped attract new [...]
Hays: Recruiter’s profit crashes as ‘low confidence levels’ hit hiring

August 22, 2024

Global recruitment giant Hays has become the latest industry player to report a dismal set of results, citing cost-cutting at previously high-spending firms and cautious hiring. The FTSE-250 company had already warned it was set for a “subdued summer” due to expenses related to its cost-cutting drive designed to boost long-term profitability in a tough [...]
JD Sports: FTSE 100 retailer beats analyst predictions in a ‘volatile’ market

August 22, 2024

JD Sports has reported good global sales growth in the second quarter of 2024, smashing analysts’ expectations and leading to the share price rising by over six per cent in early trades. Like-for-like sales at the FTSE 100 firm rose 2.4 per cent in the 13 weeks to 3 August 2024 or 0.7 per cent [...]
The Hagen Project on hygge and the future of coffee

August 22, 2024

The Hagen Project wants to do coffee differently: it has no menus on the walls, no customer facing fridges or retail products, and often no seating. Sometimes it is “the coffee machine and nothing else”, founder Tim Schroeder said. “You want to sell an experience, you want to sell an emotion, you want to sell [...]
Growth in food retail at highest in two years thanks to summer finally arriving

August 21, 2024

After a damp start to summer, till sales growth boomed in July to record the strongest growth for food retail in two years. Total till sales at UK supermarkets grew 5.5 per cent in the four weeks ending 10 August 2024, up from 3.6 per cent in the previous month, according to fresh data by NIQ. [...]
Waitrose to ramp up convenience store expansion with 100 new sites

August 21, 2024

The premium grocer Waitrose will expand its store portfolio by around a third over the next three years in one of its “biggest periods of expansion” as it ramps up investment into ‘Little Waitrose’ convenience shops. The Berkshire-headquartered company will invest over £1bn in a project to open 100 new stores and revamp a further [...]
Angling Direct: ‘Robust’ performance spurs hope of reeling in £100m revenue target

August 21, 2024

Angling Direct has reported a “robust” first half of the year and said it was confident of achieving a 25 per cent increase in UK revenue to £100m in the medium term. The Norwich-based specialist fishing tackle and equipment retailer reported UK growth of 5.9 per cent in the six months ended 31 July 2024. [...]
The pockets of London propping up the prime commercial property market

August 20, 2024

The commercial prime market is, for want of a better word, doing OK. In the City, leasing increased by one per cent over its long-term average in the second quarter, while overall demand was 12 per cent below its long-term average. For a sector pummelled by downsizing amid changes to weekly working patterns, it’s not [...]
Rick Stein-owned group to open new restaurant in central London after return to profit

August 20, 2024

The Stein Group, founded and co-owned by Rick Stein, has announced plans to expand to central London after making its way back into profit last year. Stein’s has reportedly begun the search for a central London site for its thirteenth restaurant. It currently operates twelve eateries across the south of the country, with one already [...]
Sosandar announces third UK store in Newcastle’s Metrocentre as expansion continues

August 20, 2024

Sosandar has announced plans for a third store in the UK as part of its transition to a “multichannel retailer”. The store in Newcastle’s Metrocentre is expected to open in October – in time for the key Christmas trading period. Sosandar opened its first two stores in Chelmsford and Marlow in September. The AIM-listed [...]

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By: Amber Murray

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