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 [...]
Is Mike Ashley plotting a takeover of another UK retailer? December 17, 2023 Retail tycoon Mike Ashley is understood to be plotting an acquisition of ailing luxury fashion site Matchesfashion.
Naked Wines continues to cut costs as it reports another drop in sales December 15, 2023 Naked Wines continues to slash costs as the online booze retailer looks to leave behind what was a disappointing year for sales. The business that introduces customers to independent winemakers has today reported in its half year results a total revenue of £132.3m, down 20 per cent from £165.8m last year. However, the loss-making firm [...]
Recession red-flags but Brits still look set to splash the cash this Christmas December 15, 2023 Consumer confidence has increased amid Christmas cheer in a small but much-needed boost for retailers, figures show.
London-based luxury retailer Farfetch in talks with Apollo: Reports December 14, 2023 Embattled luxury retailer Farfetch is reportedly in talks with private equity giants over a fundraising package. The London-headquartered firm is having a torrid time on New York’s public markets after announcing it wouldn’t publish third quarter results. Sky News’ Mark Kleinman reported that the firm is in talks with Apollo, amongst other players, as it [...]
Musicmagpie share price soars after strong results on Black Friday tech sales December 14, 2023 Musicmagpie shares soared as much as 24 per cent on Thursday after the second-hand smartphone seller said it saw a record Black Friday.
Brits quit clubbing and booze in fresh blow for late night traders December 14, 2023 Brits are drinking and spending less on a night out, a new report has revealed, as conscious clubbers ditch the booze to protect their pockets and health. When partygoers hit the town they spent an average of £73.19 on a night out, 2.1 per cent less than they did a year ago, a study by [...]
Currys UK earnings slump amid cost of living crisis December 14, 2023 Electronic goods retailer Currys has recorded a 40 per cent drop in earnings before interest and tax (EBIT) in its UK and Ireland arm.
