Topps Tiles revenues flat as retailer recovers from 2018 profit fall April 3, 2019 UK retailer Topps Tiles held a steady course in the first half with revenues flat from the period before, it revealed today. The announcement will reassure investors after Topps Tiles revealed a fall in profits in its half year results in November 2018, when it also said it was stockpiling supplies ahead of Brexit. Read more: UK retail [...]
Photo-Me issues profit warning as Brexit uncertainty takes its toll on orders April 3, 2019 Photobooth firm Photo-Me has warned its full-year profit will be lower than expected due to a slowdown in consumer activity amid Brexit uncertainty. The firm said it expects to snap up a pre-tax profit of £42m for the year to the end of April, slightly below its previous guidance of £44m, sending its shares down [...]
Food prices increased at their fastest rate since 2013 in March April 3, 2019 The weekly supermarket shop hit bank accounts a little harder last month as food prices rose at their sharpest rate in five years in March. Food inflation accelerated last month to 2.5 per cent, up from 1.6 per cent in February. This is the highest inflation rate November 2013. The data out today from the [...]
Daily-Mail backed laundry app set to merge with German rival April 2, 2019 A British online dry cleaner is set to merge with its Berlin-based rival Zipjet as the two firms bid for domination in London. Laudrapp has agreed to pay just over £17.5m for the German company which has operations in London, Berlin and Paris, Sky News reported. Read more: Deutsche Bank denies reports it could raise [...]
Superdry board in mass resignation as Dunkerton takes the reins April 2, 2019 Superdry suffered a boardroom exodus tonight after the troubled retailer’s co-founder won an audacious bid to reinstall himself onto the firm’s board. In a shock move this evening, Superdry’s entire board – including its chief executive and chairman – revealed plans to step down after Julian Dunkerton won an investor vote which will see him [...]
Independent cafe chain loses £250,000 from disposable cup ban April 2, 2019 Bristol-based cafe chain Boston Tea Party (BTP) lost £250,000 in takeaway coffee sales after it banned disposable cups from its stores, the company confirmed today. The cafe made headlines last June when it banned single use coffee cups in its 21 branches in England, thought to be a first for a UK chain. Read more: The rubbish [...]
Hostelworld profits and revenue dip during heatwave and World Cup April 2, 2019 Hostelworld’s profits and revenue dipped last year as the budget accommodation platform struggled to boost bookings due to the summer heatwave and the timing of the World Cup. Bookings through Hostelworld’s supporting brands saw 47 per cent drop, due to the company’s planned “managed decline” of the brands which offset a four per cent rise [...]
Cinema websites crash amid rush for Avengers: Endgame tickets April 2, 2019 Cinema websites have ground to a halt after a rush of customers hoping to buy tickets for the new Avengers film brought servers to their knees. Odeon, Cineworld and Imax all suffered website outages due to the surge in demand, while Vue established a virtual queueing system that cited wait times of more than an [...]
Julian Dunkerton wins narrow shareholder vote to return to board of Superdry April 2, 2019 Superdry’s co-founder has won an audacious bid to reinstall himself onto the troubled retailer’s board this morning, throwing the future of the group’s directors into doubt. Investors have voted by a narrow majority of 50.75 per cent to allow Julian Dunkerton to return to the company following a long and bitter public battle with the firm’s [...]
Stationery chain Office Outlet reveals list of 16 store closures as 161 jobs to go in CVA April 2, 2019 Office Outlet, the stationery retailer formerly belonging to Staples, has revealed the location of 16 store closures following its collapse into administration. The troubled high street retailer, which has drafted in administrators from accountancy firm Deloitte, revealed today that 161 jobs and 16 outlets face the axe. Read more: Stationery chain Office Outlet falls into [...]