Carpetright drafts in advisers as it mulls cost cutting options April 5, 2024 Carpetright has reportedly drafted in advisers to explore cost-saving measures for the business as it struggles amid a slowdown in demand.
Letters: Looming talent shortages December 5, 2022 [Re: Halfords focusing on offering shoppers more essentials as they slash discretionary spending, Nov 23] Unsurprisingly, the cost of living crisis is impacting shopping habits. In fact, Fourth’s data shows consumers will spend less on a variety of items from holidays to groceries next year. So we may expect more announcements from retailers, and whilst [...]
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 [...]
Quiz swings to profit as it heads into Christmas party dress season December 7, 2022 Fashion retailer Quiz has continued to bounce back after a torrid lockdown, swinging back into the black in the first-half of the year. The retailer – which operates 62 stores in the UK and an e-commerce platform – posted a £1.8m profit before tax, for the six months to 30 September. It had suffered a [...]
Supermarket price wars: Tesco slashes price of milk for first time in three years to rival Lidl and Aldi April 13, 2023 Tesco has slashed the price of milk for the first time in three years and locked the price of over 1,000 products, in the latest move by the UK’s biggest grocer to rival discounter supermarkets. As shoppers are forced to ‘shop around’ for the best-value options, Tesco has reduced the price of a pint of [...]
Top City firms pledge to hike contributions to employees’ pensions pots amid concerns over looming savings crunch March 21, 2023 A coalition of top City firms today vowed to boost the contributions they make into their employees’ pensions in response to growing concerns about the potential for a looming savings crunch. Aviva, Phoenix and Herbert Smith Freehills all pledged to give pensions contributions equivalent to at least seven per cent of their workers’ salaries in [...]
Chelsea respond to supporters’ warning with season ticket price decision May 11, 2023 Chelsea have bucked the Premier League trend and announced a freeze on their cheapest general admission season ticket prices for next season. The majority of teams in English football’s top division, including Manchester United, Arsenal, Liverpool and Manchester City, have hiked their prices for the 2023-24 campaign. But Chelsea chiefs have decided to maintain their [...]
Halfords profits tumble by £38.3m but expects ‘strong growth’ June 21, 2023 Halfords reported a £38.3m drop in annual profits as the group was hit by a decline in consumer demand for cycling following its lockdown boom and a tough economic climate. For the year, underlying profit before tax slumped to £51.5m compared to £89.8m the prior year and £56m during the pandemic as the retailer invested [...]
Ben Houchen proves Tories can win – as long as they don’t run as Tories May 8, 2024 Ben Houchen held onto the Tees Valley mayoralty by forcefully rejecting the Conservative brand. Other Tory candidates will take note, says Fintan Smith The Conservative Party have suffered a massive blow following last Thursday’s elections. And it was personal for Rishi Sunak – Tories did best when they distanced themselves from the Prime Minister. Labour [...]
Campaign cock-up of the week: Trio of gaffes leaves Greens beet red June 27, 2024 Former No 10 advisor Giles Kenningham analyses the worst comms screw-ups of the election campaign. This week, embarrassment for the Greens.