City Pub Group: Expansion continues with acquisition of Bateman Street’s Simmons October 2, 2023 City Pub Group has announced the acquisition of two new pubs in Soho and Oxford, continuing a shopping spree this year. The pub group, which owns Chelsea’s The Phene and a host of other upmarket pubs, has snapped up the site of the popular Bateman Street Simmons cocktail bar and the Plough, one of the [...]
Predictions of death of the high street ‘overstated’, says John Lewis October 2, 2023 Predictions of the death of the high street have been “overstated”, John Lewis has said, as it announced its proportion of sales being made online has fallen and store visits are up.
Victoria Plum sold in pre-pack administration deal to owner of Beds.co.uk October 1, 2023 The owner of Beds.co.uk and furniture seller Cox & Cox has reportedly snapped up Victoria Plum, one of the UKs biggest online bathroom retailers.
Will thousands of price cuts be enough to help Tesco win big amid cost of living crisis? October 1, 2023 Investors will turn their focus to ‘Big Four’ grocer Tesco’s half year results on Wednesday to see if the company’s consistent slew of price cuts has continued to help it win big with customers amid the cost of living crisis. The supermarket behemoth has weathered the economic storm well, with its market share ticking up [...]
Retailers demand urgent action from government as crime soars October 1, 2023 Dozens of UK retailers have written to Suella Braverman demanding urgent action over the soaring number of crimes made in stores. Some 86 retail leaders, including the bosses of Marks & Spencer and Sainsbury’s, have signed a letter to the home secretary demanding the government clamp down on rising levels of theft and abuse towards [...]
The end of the nightclub? Shocking report shows they’ve almost halved in past decade September 29, 2023 The number of nightclubs has almost halved in the past decade – including a 30 per cent fall since the start of the pandemic, a new study suggests. The impact of Covid, coupled with changing consumer habits have led to a sharp drop in the popularity of Britain’s nightclubs, according to a report. Research company [...]
Calls made to reinstate minister for pubs as sector faces closure fears September 29, 2023 Fresh calls have been made for the reinstatement of minister for pubs role in the UK, amid a challenging period for the sector as it continues to face inflationary headwinds and rising closures. It comes as part of a new report by think tank Localise – commissioned by the British Beer and Hospitality Association (BPPA) [...]
Pepco: British Poundland veteran parachuted in to save struggling European wing September 28, 2023 A retail veteran, who was instrumental in driving UK growth for budget outlet Poundland, has been reshuffled by Pepco to head up its struggling European division. The move comes as the arm posted its second profit warning in three weeks. Barry Williams, who served as managing director of Poundland and Dealz, in the UK and [...]
Mitchells & Butlers: All Bar One owner toasts soaring sales as costs ease September 28, 2023 All Bar One owner Mitchells & Butlers (M&B) said total group like-for-like sales were up 10.4 per cent on last year, as the bar and restaurant chain sees costs easing. M&B, which also owns Toby Carvery and O’Neill’s, said that food sales on a like-for-like basis grew 8.6 per cent wile drinks sales were up [...]
Bad day for the bookies: 888 shares slide after slashes outlook September 28, 2023 Gambling giant 888 has slashed its targets for the year today after a bumper run of results for sporting favourites in September helped bruise its bottom line.