Superdry warns on profit as wet weather takes its toll December 19, 2023 Superdry blamed unseasonable weather for a 13 per cent slump in retail sales year-on-year, as the struggling fashion retailer continues to trade below management expectations. Wholesale earnings were down 41.1 per cent year-on year, which was due to the decision to exit its US wholesale operation. It was also driven by “timing differences and the [...]
Meet the Wonka-backed hot chocolate shop proving a treat in London December 19, 2023 London’s newest “master distiller” of cocoa isn't Wonka, it's Jens Knoops, whose hot chocolate is stirring up a decadent storm.
Frasers Group: I Saw It First faces court battle with Turkish supplier after £1 deal December 18, 2023 I Saw It First, the British fast-fashion company backed by Mike Ashley’s Frasers Group, is being dragged to court over a legal battle with a Turkish textile firm. Fabulous Textiles has instructed small UK law firm Blackstone Solicitors to file a claim against the online retailer which shot to stardom thanks to collaborations with Love [...]
Rise in living wage spells further misery for retailers, businesses warn December 18, 2023 Hollywood Bowl boss brands pay increase as 'unexpected hit'
The Notebook: A look at some of London’s top festive finds December 18, 2023 Where the City’s movers and shakers get a few things off their chest. Today, Michelle McGrath, executive director of Shaftesbury Capital, takes the pen. It’s no accident London is a festive city Christmas is famously the time of good cheer, but it is also the single most important time for retailers and the hospitality industry. [...]
Sainsbury’s boss: Brits don’t have time to bargain hunt with rivals December 17, 2023 The chief executive of Sainsbury’s has said that customers are shunning the likes of Aldi and Lidl in favour of ‘Big Four’ grocers, as a return to the office and a resulting lack of time has left them unable to shop around for deals. In an interview with The Telegraph, Simon Roberts said that the [...]
H&M sales fall back after warm weather dented September shopping December 15, 2023 H&M Group has reported stagnant sales in recent months as the international fashion retailer faces a slowdown in consumer spending and the knock-on impact of closing stores in Russia. Between September and November, net sales fell by 4% in local currencies compared with the same period last year, totalling 62.6 billion Swedish krona (£4.8 billion). [...]
UK continues to ‘dodge recession’ as private sector growth at six month high December 15, 2023 This comes as the UK economy has been flirting with a recession for more than a year, battling stubborn inflation, high energy bills.
Trainline share price soars after government scraps rival ticket app December 15, 2023 The Trailine’s share price continued to soar on Friday morning after yesterday’s announcement by the government that it would scrap a rival ticket app. The rail ticket company’s stock rallied this morning, rising by 19 per cent after the open, increasing 17 per cent after an hour of trading, to 331p. This comes after the [...]
Naked Wines continues to cut costs as it reports another drop in sales December 15, 2023 Naked Wines continues to slash costs as the online booze retailer looks to leave behind what was a disappointing year for sales. The business that introduces customers to independent winemakers has today reported in its half year results a total revenue of £132.3m, down 20 per cent from £165.8m last year. However, the loss-making firm [...]