WH Smith takes pandemic beating as spending dips at its travel stores in airports and train stations January 19, 2022 WHSmith has revealed the Omicron variant led to a fall in spending at its travel stores in airports and train stations during the final four months of 2021. The retailer added that high-street sales managed to improve during the same period – including in December as infection rates rose – however, overall, the company’s sales [...]
Halfords offers Northern line commuters e-bike loans amid 17-week Bank branch closure January 18, 2022 Cycling and motoring services giant Halfords is offering Northern line commuters free e-bike loans, as workers face a 17-week line closure. Commuters with an Oyster Card or season ticket are eligible for a free e-bike for up to a week at a time, offered on a first come, first served basis. Halfords has invited commuters [...]
ProCook outperforms UK kitchenware market following stock market debut January 18, 2022 Kitchenware brand ProCook has posted 34.6 per cent revenue growth for the third quarter, in results on Tuesday morning. The firm reported revenue growth of 104.1 per cent on a two year like-for-like basis. The retailer made its debut on the London Stock Exchange following an initial public offering at 145p per share, which valued [...]
Trade with Ireland takes a £3bn Brexit hit as UK exports drop by more than a fifth in less than a year January 18, 2022 Exports from the UK to the Republic of Ireland crashed by more than a fifth since Brexit, according to new figures coming from Dublin. Numbers published by Ireland’s Central Statistics Office (CSO) show that the value of goods imports from Great Britain fell by almost £3bn from January to November last year. The drop in [...]
Hugo Boss exceeds 2021 sales target after strong fourth quarter January 18, 2022 Hugo Boss said on Tuesday that it had exceeded its full year sales targets after fourth quarter earnings helped propel the German fashion house back to nearly pre-pandemic levels.
THG earnings margin anticipated to be below market expectations as quarterly revenue up January 18, 2022 E-commerce giant THG has said its adjusted core earnings margin would fall short of market expectations, in otherwise buoyant results on Tuesday. The retail group posted a 29.7 per cent jump in fourth-quarter revenue, setting it on a good course for the year However, THG blamed adverse currency movements as it forecast that adjusted core [...]
No need to scan: Aldi’s first check-out free store opens in Greenwich with cameras and tech tracking customers’ moves January 18, 2022 Supermarket chain Aldi has opened its first checkout-free store in London. The Aldi Shop&Go concept store in Greenwich opened at 7am this morning for public testing, having been tested by Aldi colleagues in recent months. The new trial store, which is situated on Greenwich High Street, allows customers to complete their shop without scanning a single product, or having [...]
Sweat is weakness leaving the body: Europe’s highest gym launches in City’s new 22 Bishopsgate skyscraper January 17, 2022 Europe’s highest gym will soon be in the Square Mile as fitness operator BXR London told City PM this afternoon it is moving in on the 25th floor inside the new 22 Bishopsgate tower. The BXR City branch will also contain one of the highest climbing walls in the world when it will open next [...]
Fridays owner Hostmore remains on track despite Omicron cancellations January 17, 2022 Hostmore, which owns Fridays, has confirmed that its earnings and new site pipeline are on track despite weaker trading over the festive period. The hospitality firm’s board expects earnings before interest, taxes, depreciation and amortisation for the year to January 2 to be “well ahead” of £18.6m. London-listed Hostmore, which also owns cocktail bar [...]
U-turn: Amazon says it will NOT block UK Visa credit cards from Wednesday in last minute deal January 17, 2022 Amazon just said it will no longer block UK Visa Credit cards from Wednesday, as the e-com giant initially planned to do. Under a last minute deal, UK-issued cards will still be allowed to carry payments, the company said. Amazon said it is “in talks” with Visa to reach an agreement. ‘Applying pressure’ Responding to [...]
