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Retail

  • Passed away at 43: London celebrity chef Gurpareet Bains hit by sudden heart attack

    November 10, 2021

    Enfield-based celebrity chef and author Gurpareet Bains has passed away aged 43, City PM has been told.

  • Shepherd Neame reports strong recovery as pandemic restrictions end

    November 9, 2021

    Shepherd Neame is brewing a comeback as demand recovers following the end of pandemic restrictions. Its full-year results reveal consumer appetite has been robust in a recovering market, with retail pubs achieving 62 per cent of 2019 sales between 12 April and 16 May when pubs re-opened outside, and 97 per cent of previous sales [...]

  • Watches of Switzerland raises guidance after strong UK performance

    November 9, 2021

    Watches of Switzerland Group has raised its guidance for the full year following improved revenues, increasing product demand and robust UK performance. The company is now expecting revenues of £1.15-£1.20bn for the full-year, an upgrade on previous estimates of £1.05-£1.10bn. The watch vendors told investors on that group revenues rose by 44.6 per cent to [...]

  • Ocado sees biggest sales jump from pre-pandemic levels

    November 9, 2021

    Ocado has been dubbed one of the big winners from Covid-related changes to shopping.  Its sales have grown 35.7 per cent, the strongest increase out of all supermarkets, according to the latest figures from Kantar. The retailer’s market share stayed flat at 1.7 per cent. “Generally, online has done fantastically well in the pandemic, the [...]

  • Shepherd Neame: Pubs will be resilient against inflation spike

    November 9, 2021

    Pubs will be resilient against rising inflation, Shepherd Neame CEO Jonathan Neame has said. “I think people are more likely to cut down on big ticket items like houses and expensive holidays. Historically beer and pubs have been pretty resilient,” Neame told CityA.M. Data from Barlcaycard revealed yesterday that Brits had been cutting back on [...]

  • Coca Cola Europacific Partners hikes guidance in bubbly update

    November 9, 2021

    Coca Cola Europacific Partners (CCEP) has raised its full year guidance on the back of a strong third quarter. CCEP hiked guidance for revenue for the 2021 financial year, expecting comparable growth of 29 per cent to 30 per cent, up from 26 per cent to 28 per cent expected before. Operating profit is expected [...]

  • London hotels ‘can’t change the bedsheets fast enough’ as staff shortages hold back recovery

    November 8, 2021

    The recovery of London hotels is being held back by staff shortages, with venues unable to change bedsheets quick enough. One London hotel has had to slash occupancy in the week so it has enough staff on board for its popular Saturday night bookings. “They literally can’t change the beds fast enough – is it [...]

  • Half of all Brits demand to know vaccination status of their dates

    November 8, 2021

    53 per cent of singletons dating in the UK right now believe that they have the right to know whether the person they date has been vaccinated or not. Brits were far more concerned about vaccination status compared with other countries; 36 per cent of people in the USA, 26 per cent in France, 17 [...]

  • Sir Mark Rylance, Eddie Izzard and Adjoa Andoh save Brixton grocery store from closure

    November 8, 2021

    The owner of an independent grocery store rescued by a charity fundraiser has said she is “completely overwhelmed” by backing from celebrities. Hilary Waterfield, who runs Brixton Wholefoods in south London and set up the appeal, hailed the support received from Sir Mark Rylance, Eddie Izzard and Adjoa Andoh after Covid lockdowns and rent increases [...]

  • ‘Imminent financial ruin’ looms for hundreds of subpostmasters after false accusations

    November 8, 2021

    Hundreds of subpostmasters that were falsely accused of theft, fraud and false accounting due to flaws within the Horizon accounting system face “imminent financial ruin”, as the Post Office and Government are urged to compensate affected workers. Between 2000 and 2014, 736 subpostmasters and subpostmistresses were prosecuted based on information from the Horizon system, installed [...]

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