Greggs opens 49 new shops after sales of chicken goujons soar May 16, 2022 Sausage roll seller Greggs has seen shares dip after admitting city sales still lag behind the rest of its sites. Although the bakery chain said it had had a “good” start to 2022 on Monday, shares were down some 2.8 per cent in the afternoon. The firm has been reshaping its portfolio of stores to [...]
London: West End and Knightsbridge urge Hunt to relax Sunday trading laws to bring in £350m extra March 13, 2023 The West End and Knightsbridge have urged the chancellor to relax Sunday trading restrictions and help them rake in an estimated £350m a year. The duo have submitted a joint proposal to Jeremy Hunt ahead of this week’s budget, urging the government to relax Sunday trading laws within the popular London districts in an effort [...]
Time to celebrate: Watches of Switzerland enjoys revenue boost as pandemic conditions ease February 10, 2022 Watches of Switzerland has reported a hefty boost in revenues amid increased demand across UK and US markets.
Sainsbury’s profits dip as supermarket giant battles to keep prices low November 3, 2022 Sainsbury’s has posted subdued half-year profits, after taking a hit to keep prices competitive for customers and boost pay for staff. The supermarket giant, which also owns Argos, said underlying pre-tax profit dipped eight per cent to £340m over the half-year to 17 September , compared with the same period last year. It had previously [...]
Cazoo: The full story of how online car retailer went from $8bn valuation to staring into the abyss February 1, 2024 The online car retailer, Cazoo, just three years old at that point in August 2021, was now worth $8bn, having decided to snub London and float across the pond.
Missguided: CEO steps down as fashion firm hires Teneo advisors April 20, 2022 Online fashion retailer Missguided has said its founder will step down as CEO as it mulls options for its future. Nitin Passi has chosen to step aside as head of the company as the fashion firm has recruited advisors from Teneo to probe “strategic options” for its future. According to RetailWeek, Missguided is searching for [...]
Joules shares plunge after news of CEO departure and ‘more challenging’ market May 4, 2022 Premium British lifestyle group Joules posted strong revenue growth this morning, up 20 per cent for the quarter ending 1 May.
FTSE 100 close: London powers into the green thanks to strong performance from Auto Trader and Astrazeneca November 9, 2023 Shares in Flutter sunk after it said it had experienced a downturn in its Australian business. Revenue fell 18 per cent year-on-year due to regulatory hurdles and a "challenging racing market".
Ralph Lauren boosts sales forecast as wealthy shoppers undeterred by price rises May 24, 2022 Luxury fashion brand Ralph Lauren upped its sales forecast for the year after resilient demand for designer clothes and accessories. The New-York based retailer said it was anticipating improved margins after robust demand from its largest markets in North America and Europe. Its core customer base of higher-income shoppers has been unaffected by the rising [...]
‘The sex toy bubble has burst’: Brits spend less on self-pleasure as food and energy bills swallow their budgets June 30, 2022 Brits are spending less on self-pleasure as they are forced to focus on paying for food and utilities instead. Research compiled by The Open University shows that the impact of the current cost of living crisis is hitting UK consumers hard, with 83 per cent of adults are reporting a rise in the cost of living, with 51 per cent having to spend [...]