Wework launches a shoppable London office pop-up store, designed by influencers January 8, 2019 Shared workspace tech giant Wework has today launched a pop-up office in Holborn that is completely shoppable, and is designed with influencers in mind. Open throughout January, the pop-up is filled with office decor from brands such as Urban Outfitters which can be bought via the Liketoknow.it app. Londoners can sign up online to grab [...]
Joules records strong Christmas trading thanks to online sales surge January 8, 2019 Fashion retailer Joules today reported a double-figure sales rise over the Christmas period as online success crushed retail fears. Joules said like-for-like sales rose 11.7 per cent in the seven weeks to 6 January compared to the same period the year before. The company said the strong festive performance was driven by online trading, which [...]
Discounters win war of the supermarkets amid sluggish Christmas growth January 8, 2019 Aldi led the way during a record-breaking Christmas for groceries, even as sales growth slowed across the sector. The supermarket increased sales by 10.4 per cent, narrowly beating fellow discounter Lidl to the top spot, figures from Kantar Worldpanel show. “The discounters have continued to make their mark over Christmas: two-thirds of all households shopped [...]
Greene King toasts record Christmas trading amid cost-cutting plans January 8, 2019 Pub chain Greene King today recorded strong sales growth over Christmas and the New Year as it cashed in on festive drinking. Greene King said like-for-sale sales over the last two weeks rose 10.9 per cent, while Christmas day sales hit a record £7.7m. The chain, which operates almost 3,000 pubs, restaurants and hotels across [...]
Footasylum shares slide as it warns discounting will squeeze profit margin January 8, 2019 Shares in Footasylum slumped 15 per cent this morning after the shoe shop warned that its full-year profit margin will be squeezed due to increased discounting across the retail sector. The share price slipped to 27.6p from yesterday's closing price of 32.5p on the news that the retailer will also implement a cost-cutting measures across the business that could result in [...]
Morrisons increases sales for a fourth consecutive Christmas but shares fall as it loses market share January 8, 2019 Morrisons posted its fourth consecutive Christmas of growth today, crediting competitive pricing of key festive foods and customer service for its strong performance. Excluding fuel, total sales at the supermarket rose by four per cent in the nine weeks to 6 January, while like-for-like sales grew by 3.6 per cent, with retail contributing 0.6 per [...]
Debenhams share price slips ahead of market update this week January 7, 2019 Shares in troubled department store Debenhams slipped three per cent today ahead of a trading update on Thursday when it will reveal how it fared over Christmas. The retailer, which has its annual general meeting on Thursday, has seen its share price tank this year, falling from 30p 12 months ago to just 5.5p today. There was [...]
Sport and betting: Why Brexit could pave the way for a wider levy, the role of live data rights, and how the $5bn US market can change the game January 7, 2019 The UK betting industry’s voluntary “whistle-to-whistle” advertising ban during live sports coverage has been widely welcomed but broadcasters – and, by extension, the media rights fees they pay to sport – will take a hit and some sports, such as horse racing, are deemed to be so reliant on gambling that they are exempt from [...]
Selfridges defies high street turmoil with sparkling Christmas sales January 7, 2019 While other retailers look set to report miserable Christmas trading periods, Selfridges has posted record-breaking results over the festive period. The luxury department store best known for its flagship Oxford Street store bucked the trend of decline on Britain’s high streets with an eight per cent sales boost across its physical and online business in [...]
Lego bricks and mortar: Merlin Entertainment signs £200m deal to open Legoland Korea by 2022 January 7, 2019 Merlin Entertainment has announced it has entered into a partnership agreement to build a Legoland Park in South Korea. The country’s first Legoland Park will be situated on the island of Hajungdo in Chuncheon, a city within a two-hour drive of nearly 24m people, and expects to create 1,600 jobs. The agreement with Gangwon Provincial [...]