Millions of Brits go bargain hunting as they are forced to tighten their belts in cost of living crisis February 23, 2022 As energy prices soar and inflation hits a 30 year high, millions of British households have embarked on a hunt for bargains and discounts. In fact, 41 per cent of shoppers stated that they would actively look for bargains as they prepare to tighten their belts; with a further 35 per cent of shoppers saying [...]
As tourists book city breaks again, London needs to be a 24 hour city October 19, 2022 Tourism needs to be deeply woven into the fabric of what London is and our long-term prosperity.
On the Beach posts promising results as travel sector recovers February 25, 2022 Package holiday retailer On the Beach said it had begun to see the first “green shoots of recovery” in the Autumn of 2021, before the recovery was spoiled by the spread of the Omicron variant. On the Beach said its sales in September and October 2021 were higher than they were before the pandemic, in [...]
April cost hike storm to push businesses ‘to the brink’ March 31, 2022 A series of cost hits and fresh admin requirements landing in April threaten to push UK business “to the brink”, reveals fresh research published today. Several support packages put in place to cushion the impact of the Covid-19 crisis on firms end today and over the course of the next month, just as companies are [...]
Missguided collapses into administration as fast fashion brand seeks buyer May 30, 2022 Missguided has collapsed into administration, after being hammered by supply chain costs and weakening consumer confidence. Fast fashion rival Boohoo is interested in snapping up the beleaguered brand, CityA.M. understands. Administrators from Teneo said there was “a high level of interest from a number of strategic buyers.” The Manchester-based firm had fallen foul of an [...]
Cost of living squeeze already biting UK economy as experts warn worst is still to come March 24, 2022 The damage the cost of living squeeze is inflicting on UK households is already starting to weigh on the economy as top forecasters warn the worst effects of spiralling living standards are yet to come. A fresh flurry of data released today revealed consumers are slashing spending to alleviate pressure on their finances caused by [...]
Pandemic spending habits settle to ‘new normal’ after online shopping boom March 8, 2022 Pandemic spending habits have “settled into a new normal” with people returning to bricks and mortar stores to ‘try before you buy’ last month. Total retail sales were up 4.9 per cent in February, compared to the same month in 2020, according to the British Retail Consortium (BRC) and KPMG retail sales monitor. Sales continued [...]
Analysis: A growing economy and falling energy bills, the stars could be aligning January 13, 2023 Britain might narrowly avoid a technical recession, energy prices could be falling , and mortgage borrowing costs might not be as crippling. Sascha O’Sullivan looks at the good news.
More weekend chaos expected as shortages, cancellations and IT issues rampage through April 8, 2022 UK travellers are bracing for more weekend chaos as the industry continues to be hit by a fatal combination of staff shortages, cancellations and IT issues. Brits remain stuck in hour-long queues at major hubs such as Gatwick and Manchester as British Airways and EasyJet slashed another 100 planes as a result of widespread Covid [...]
Makeup seller Revolution Beauty’s sales soar after Boots picks up products May 6, 2022 British makeup seller Revolution Beauty Group today vowed to continue selling “quality products at affordable prices” as the firm said strong demand for “mass market beauty” led to its earnings increasing by 73 per cent year-on-year. The cosmetics firm said its UK sales increased 85 per cent over the previous year, following the successful rollout [...]