By: Felix Armstrong

Retail Reporter Felix Armstrong is City AM's retail reporter, covering retail, hospitality and property news. He has previously written for The Times, The Guardian, The Telegraph and The i Paper. Email Felix at Felix.Armstrong@cityam.com

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All 750 Articles

Third of first-time buyers rely on bank of mum and dad

March 18, 2026

Around a third of first-time buyers receive help from family and more than half rely on at least two full-time incomes, as access to first-time home ownership has collapsed this century. As many as 52 per cent of first-time buyers now rely on at least two incomes, up from just 40 per cent in the [...]
February showers dampen hospitality sales

March 18, 2026

February’s wet weather kept Brits at home as hospitality sales fell compared to last year, extending a poor start to the year for the sector. The rainy month meant total like-for-like sales were 0.2 per cent lower than in February 2025, with sales having dropped 0.1 per cent year on year in January, according to [...]
Iran war to drive up building costs, warns Travis Perkins boss

March 17, 2026

The boss of the UK’s largest builders’ merchant has warned building costs are poised to rise as suppliers warn they are facing soaring energy costs. Gavin Slark, the new boss of Travis Perkins, said the conflict in the Middle East and the resulting spike of energy prices will force manufacturers to put up prices to [...]
Virgin wines looks to Gen-Z wine-lovers for growth after suffering loss

March 17, 2026

Online retailer Virgin Wines turned a loss but remains confident a surge of Gen-Z drinkers who no longer view wine as “elitist” will push the firm into the black. The wine seller made a £400k pre-tax loss in the first half of the year, down from a £1.3m profit last year, but saw revenue grow [...]
Shadow bank collapse floods London with hundreds of luxury properties

March 17, 2026

London’s super prime property market is set to be flooded with hundreds of luxury homes following the collapse of one of Britain’s biggest shadow banks. Mansions in Kensington, Belgravia, Knightsbridge and Mayfair are being put on sale by administrators for Market Financial Solutions (MFS), all of which were controlled by individuals with links to the [...]
Wickes profit doubles as DIY firm bets on solar

March 17, 2026

Home improvement retailer Wickes has doubled its profit as the firm positions itself to become a leader in solar panel installation. The firm took revenue of £1.6bn, up six per cent, and pre-tax profit grew from £23m to £49m, in the year to December 2025. Wickes was promoted to the FTSE 250 last year, as [...]
Iran war: Independent pubs face ‘devastating’ energy costs

March 17, 2026

Independent pubs could be left vulnerable to spikes in energy costs caused by the Iran war, while their larger competitors enjoy the security of fixed energy deals. Landlords across the UK could face “devastating” costs if energy prices continue to rise, trade body UKHospitality has warned. Blockages to the Strait of Hormuz, a crucial shipping [...]
Brewdog US bars snapped up by beer firm’s UK buyer

March 16, 2026

The US cannabis firm which bought craft beer giant Brewdog’s UK arm has agreed to buy some of its American bars and brewing facilities. Tilray Brands, a pharma firm which sells cannabis and alcoholic lifestyle products, struck the deal for a string of Brewdog’s US operations after sealing a £33m deal for the beer firm’s [...]
Chinese online retailer takes on Amazon

March 16, 2026

Chinese retail giant JD.com has mounted a challenge to Amazon’s control of the home-delivery market with its UK launch of online shop Joybuy. The platform will offer big-name brands including Apple, Samsung and Lego and is taking on Amazon’s reputation for speedy delivery with its “Double 11” promise – meaning orders placed before 11am will [...]
Dragons Den star steps in to save Robert Dyas

March 16, 2026

A former Dragons Den star has stepped in to “steady the ship” at a beloved high street hardware store as losses climb. Theo Paphitis, who owns a string of retailers, has installed himself as interim chief executive at Robert Dyas, as the home improvement and electrical appliance seller battles “testing times”. Paphitis bought the retailer [...]

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By: Felix Armstrong

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