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 [...]
Wilko: B&M snaps up 51 stores of beleaguered retailer for £13m September 5, 2023 B&M has confirmed that it will buy 51 Wilko stores for £13m following the highstreet stores collapse. The rival discount chain, which has over 700 sites across the UK, did not mention how many job roles would be saved in the process. On the sale, its share price was down more than three per cent [...]
Restaurants hit by August wash out as firms pray for sunny September rebound September 5, 2023 Restaurants were hit hard by the wet weather in August suffering a 5.8 per cent monthly decline in sales, new data has revealed.
Tourist tax: Battersea Power Station boss urges UK to scrap levy September 3, 2023 The government is under more pressure to scrap the so-called tourist tax, after fresh criticism from the boss of Battersea Power Station.
Superdry boss: “I’m the right man for the job” September 3, 2023 “Would this company be here if I hadn’t come back? I don’t think it would," the Superdry founder has said in an interview
Why 2023 has been a year to forget for the London Stock Exchange and the capital’s equity markets September 2, 2023 Take-privates and secondary listings have damaged the reputation of the London Stock Exchange. How did we get here?