What will be in store for retail in 2024? December 26, 2023 As 2023 draws to a close, experts in the retail space have shared their thoughts on what next year might look like for the sector.
UK retailers report weak December sales, downbeat about January December 21, 2023 British retailers reported a downturn in already weak sales this month as consumers feel the squeeze from high borrowing costs and inflation, and they are gloomier about the start of 2024, a Confederation of British Industry survey showed on Thursday. The CBI’s monthly retail sales balance, a gauge of sales over the year to December, [...]
Nightmare before Christmas? Nearly 4,500 UK retailers are in ‘critical financial distress’ December 21, 2023 Nearly 4,500 UK retailers are in “critical financial distress” during the sector's ‘Golden quarter’ due to weak Christmas sales performances.
Tortilla Mexican Grill lowers guidance as shoppers steer clear of high street December 20, 2023 Tortilla Mexican Grill said it is trading below market expectations as sales have been hit by slow footfall on the high street and consumers spending less. During the full year, the board said that UK like-for-like growth was up slightly to 3.7 per cent, as the firm added it was helped by new store openings [...]
Superdry warns on profit as wet weather takes its toll December 19, 2023 Superdry blamed unseasonable weather for a 13 per cent slump in retail sales year-on-year, as the struggling fashion retailer continues to trade below management expectations. Wholesale earnings were down 41.1 per cent year-on year, which was due to the decision to exit its US wholesale operation. It was also driven by “timing differences and the [...]
Rise in living wage spells further misery for retailers, businesses warn December 18, 2023 Hollywood Bowl boss brands pay increase as 'unexpected hit'
Claridge’s back in black after seven-year rebuild as tourists flock back to London December 18, 2023 The Mayfair luxury hotel in Brook Street saw revenues more than double to £98.1m in 2022
Hollywood Bowl eyes further expansion as customers keep spending despite cost of living crisis December 18, 2023 Hollywood Bowl has raised its dividend off the back of a strong performance as customers keep spending despite the economic climate.
Hollywood Bowl to strike lucky despite cost of living pressures December 17, 2023 Hollywood Bowl is expected to present investors with strong profits amid a period of strong demand from Brits for leisure activities despite the cost of living crisis. The operator of bowling alleys and mini golf will announce its full year results on Monday, not long after one of its closest rivals Ten Entertainment was taken [...]
Sainsbury’s boss: Brits don’t have time to bargain hunt with rivals December 17, 2023 The chief executive of Sainsbury’s has said that customers are shunning the likes of Aldi and Lidl in favour of ‘Big Four’ grocers, as a return to the office and a resulting lack of time has left them unable to shop around for deals. In an interview with The Telegraph, Simon Roberts said that the [...]