Grocery price inflation drops to its lowest level in over a year September 12, 2023 Grocery price inflation dropped to its lowest level in over 12 months, falling 12.2 per cent for the four weeks to September, new data shows.
Primark results: ABF investors to see if digital push paid off September 11, 2023 Primark owner ABF is set to publish its full year update tomorrow, with investors keen to see if the budget favourite will continue to impress.
RIP Wilko: How another high street chain went to the wall September 11, 2023 After more than 90 years on the high street, Wilko and all its 400 stores will vanish by early October. Its 12,500 staff were hoping that HMV owner Doug Putman would be able to close a rescue deal that would see several hundred stores saved. But the Canadian entrepreneur abandoned talks with the high street [...]
What’s ticking? All the latest news from Rolex, Tissot and more September 11, 2023 Swiss watchmaking is a multifaceted beast. Here, Tissot does the digital time warp; one of its neighbouring Jura Mountains blue-bloods fast forwards to the materials future; while Germany’s finest ‘uhrmacher’ slides into top gear. The Crown hits the town In a shock move announced on 25 August, in the absence of any direct descendants, Jörg [...]
The Notebook: Charles Tyrwhitt boss on how the ‘tourist tax’ is hurting London September 11, 2023 Where the City’s movers and shakers get a few things off their chest. Today, it’s Nicholas Wheeler, founder of tailored shirts specialist Charles Tyrwhitt.
Currys sticks to full-year guidance despite falling sales September 7, 2023 Currys has said it is sticking to its annual profit guidance despite recording a 4% fall in group sales in the 17 weeks to August. The British electrical goods seller reported a 2% dip in like-for-like sales in its UK and Ireland (UK&I) division as consumers put off buying expensive goods amid the cost of [...]
Starbucks cheers ‘good progress’ in plan for 100 new UK shops September 7, 2023 Coffee giant Starbucks has hailed “good progress” in its expansion plans to open 100 new stores in the UK over the current year. The chain said it has also “maintained strong, double-digit growth” in the UK in recent months despite pressure on consumer spending due to the rising cost of living. On Thursday, the retail [...]
Ann Summers: Turnover reaches over £100m as lingerie retailer plots store expansion September 6, 2023 The erotic retailer, which has 88 stores across the UK and Ireland, plans to open four or five more stores in 2024, a new filing posted on Companies House shows.
Halfords revenues rise as consumers sniff out budget auto care September 6, 2023 Halfords reported a 14.1 per cent hike in revenue for the first five months of the year as the retailer was bolstered by demand for “basic needs” services such as motoring. The motoring and cycling retailer said that revenue in its autocentres division grew 34.6 per cent and retail rose 3.7 per cent. Halfords has [...]
N Brown: Online retailers will ‘kick on’ again in new year following cost of living lull September 5, 2023 N Brown chief executive Steve Johnson said he expects online retailers to “kick on” again in the new year, following a lull period driven partly by customers returning to physical stores in order to shop around amid the cost of living crisis. Speaking to City A.M., Johnson, who heads up the business behind popular online [...]