Revolution Bars Group blames UK government’s ‘scandalous’ and ‘inept’ decisions for £31.7m losses December 17, 2020 Revolution Bars Group recorded pre-tax losses of £31.7m for their preliminary yearly results, following a tough year for the hospitality industry. However, the company laid scathing criticisms for its losses on the door-step of the government. ”The UK government’s actions towards wet-led bars and late-night hospitality are nothing short of scandalous. It has little evidence [...]
Asda ramps up partnerships strategy with Accessorize and Decathlon trials December 17, 2020 High street chains Accessorize and Decathlon have launched trials with Asda to sell products in supermarket stores, as retailers seek to adapt to new consumer shopping trends that have formed during the pandemic. Fashion and jewellery brand Accessorize will sell its products in an Asda West Midlands store as part of a “test and learn” [...]
Upper Crust owner SSP swings to huge loss as travel restrictions continue December 17, 2020 Upper Crust owner SSP swung to a huge loss this year as the travel food operator’s sales suffered a sharp drop due to a reduction in passenger numbers. Profit plunged from £197.2m in 2019 to a loss of £425.8m in the year ended 30 September as the impact of coronavirus restrictions hurt sales. SSP reported [...]
Boohoo exits 64 Leicester factories over code of conduct breaches following supplier scandal December 16, 2020 Boohoo terminated relationships with more than 60 Leicester suppliers following an investigation into working conditions at garment factories in the city. The fast fashion firm has exited 64 factories following a scandal that found some clothing suppliers in the city were paying workers less than minimum wage. Boohoo’s director of responsible sourcing and product operations [...]
Model railway maker Hornby puts the brakes on non-UK orders due to Brexit uncertainty December 16, 2020 Model railway maker Hornby will not accept international orders until next year due to Brexit uncertainty, it announced this afternoon. Hornby said it has paused all non-UK orders until 4 January 2021. Shares in the retailer, which also sells Scalextric racing kits, fell seven per cent following the announcement. In a statement the company said: [...]
Aldi launches click and collect service in London ahead of Christmas December 16, 2020 Aldi has launched a click and collect service in London for the first time as its ramps up its online shopping capacity to cater to a surge in demand. The budget supermarket said it will extend its click and collect service to four stores in outer London boroughs, where customers will be able to order [...]
Quarter of UK pubs feared closing for good even before new lockdown December 16, 2020 More than a quarter of UK pub and bar-owners said they feared their business would fail even before the latest lockdowns in London and the south east. Figures from the UK’s statistics body showed that 27.9 per cent of pub and bar businesses said they had low or no confidence in surviving the next three [...]
Moss Bros landlords approve retailer’s rescue plan December 15, 2020 Landlords have approved Moss Bros restructuring proposals as the menswear retailer aims to reduce costs due to the impact of the coronavirus pandemic. The high street store’s creditors gave the company voluntary arrangement proposals the green light today, after the plan was launched on 27 November. Moss Bros has not announced whether the proposals could [...]
‘We will lose £400k’: The cost of Tier 3 for the hospitality sector December 15, 2020 As the hospitality sector begins to count the cost of the latest Tier 3 lockdown, we spoke to one industry figure who says his company will lose £400,000. Stuart Procter, COO of Mayfair hotel and restaurant The Stafford, said the latest blow has left his company reeling in a year he’s already had to make [...]
H&M sales drop as second Covid-19 wave slows recovery December 15, 2020 H&M reported a sharp drop in sales in the fourth quarter as the second wave of coronavirus restrictions curbed spending. The world’s second-biggest fashion retailer said sales dropped 10 per cent, driven by a slowdown in the final quarter of the month. H&M said the recovery seen in the third quarter had continued into the [...]
