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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Luxury faces a reckoning: What do Gucci, Burberry and LVMH need to do to survive?

July 23, 2024

The post-pandemic luxury market was unstoppable. Record profits driven by China’s reopening and the revenge-on-lockdown ‘urge to splurge’ sent profits at all the major luxury brands to unbelievable highs. Briefly, it looked as though the upswing was going to stick, with pundits – and papers – asking if it would ever end. Now, results season [...]
Grocers vs bargain chains: Discount competition is heating up

July 23, 2024

The discount sector is crowded and competitive: Aldi, Lidl, Poundland and B&M are only a few of the retailers vying for space. The market for discount goods has been growing over the last few years, but not every company has been a winner – only a few stores have managed to attract and keep customers. [...]
LVMH-backed L Catterton, the new owner of Bicester Village is one of the world’s biggest retail investors

July 22, 2024

Silver Bidco, a newly-formed Jersey-based vehicle of L Catterton, has bought Hammerson's stake in Value Retail, the owner of Bicester Village.
Former Tory chair Lord Ashcroft to ‘open discussions’ on selling Gusborne wines stake

July 22, 2024

Ashcroft owns over 40m shares in AIM-listed Gusborne, equivalent to 66.76 per cent of the company. The company has a market cap of £40.17m.
A short history of leasehold, and why it’s taken so long to end the ‘feudal’ system

July 20, 2024

In the King’s Speech, the Government finally outlined plans to phase the “feudal” system out of England and Wales. Here's why it took so long
‘Critical growth hub’: Hedge funds drive demand for office space in London

July 19, 2024

Over $13.1 trillion (£10.4 trillion) in assets are managed in London, and the capital has remained the world's second-largest centre for hedge funds and private equity firms globally after New York.
Amazon Prime Day sales reach record high thanks to discount-hungry shoppers

July 19, 2024

Amazon Prime Day hit record heights thanks to discount-hungry shoppers as sales passed £14.2bn during the two-day shopping event, according to new figures.
Consumer confidence hit highest level in three years

July 19, 2024

Consumer confidence has risen to its highest level in three years in a tentative sign that the economy is leaving the cost-of-living crisis behind, new data from Deloitte shows. In its latest quarterly Consumer Tracker survey, Deloitte found that sentiment grew by 6.8 per cent year on year, boosted by a significant improvement in sentiment [...]
Mr Kipling still a winner for Premier Foods as sales rise but outlook unchanged

July 18, 2024

Sales of Mr Kipling and Asian meal kit The Spice Tailor boosted the company's branded sales by 7.3 per cent, to £213.8m from £199.3m last year.
Artisanal Spirits: Whisky specialist reports strong growth despite China slowdown

July 18, 2024

The Edinburgh-based brand reported that earnings before interest, tax, amortization and depreciation (EBITDA) increased by £1m year on year.

Sainsbury’s threatens to crack down on shoplifters caught swapping eggs

What next for LIV Golf and Newcastle United after Saudi PIF strategy shift?

The watch podcast disrupting the ‘pale, male and stale’ image

By: Amber Murray

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