Tag: Retail and leisure
about 6 hours ago
cityam.com

Return of in-person events gives Hyve Group a faster than anticipated revenue recovery

Hyve Group said today that its 2022 financial year saw a faster than anticipated revenue recovery due to strong custo...

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about 6 hours ago
cityam.com

Cake Box plans to swell to 200 stores after e-commerce boost gives profits a 83 per cent jump

Cream cake retailer Cake Box has outlined plans to open more stores as it reported a pre-tax profit of £7.7m for the ...

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about 13 hours ago
cityam.com

High Street footfall nosedives by staggering 25 per cent with London commuters and foreign travel...

High street footfall fell 25 per cent in May, from the previous month, according to RSM UK’s analysis of the latest d...

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about 14 hours ago
cityam.com

Fast-growing spectacles boutique Kirk & Kirk eyes UK-wide launch with chain of pop-up shops

Kirk & Kirk – founded by husband and wife duo Jason and Karen Kirk 30 years ago – confirmed this morning it is pl...

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about 14 hours ago
cityam.com

Arts and crafts giant Hobbycraft's expansion drift undiminished with new stores and recruitment d...

Several new stories and a recruitment drive are on the agenda of arts and crafts retail chain Hobbycraft as the compa...

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3 days ago
cityam.com

27-fold jump in number of foreign visitors flocking to Britain post-pandemic

Scrapping coronavirus travel rules led to a 27-fold year-on-year increase in the number of overseas residents visitin...

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3 days ago
cityam.com

Checking out: CEO of travel giant TUI announces departure after more than 10 years in the job

Fritz Joussen, the CEO of travel group Tui has announced his resignation after 10 years as boss of the firm and leadi...

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4 days ago
cityam.com

Retail sales volumes fell last month as the cost of living crunch eats into April's gains

Retail sales volumes fell by 0.5 per cent last month, according to the latest figures, as the cost of living crisis e...

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4 days ago
cityam.com

Bloom & Wild boss confident of blossoming growth despite cost of living crunch

The co-founder of Bloom & Wild chats to CityA.M. about international acquisitions, venturing into physical retail...

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4 days ago
cityam.com

Shares plunge for Naked Wines after bleak sales guidance warning

Naked Wines’ shares tumbled by around 40 per cent on Thursday after the online wine retailer warned its sales would t...

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4 days ago
cityam.com

Amazon tells government online sales tax would wound small retailers using its platform

An Amazon manager cautioned the government that a levy on internet heavyweights would cause serious damage to the UK’...

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4 days ago
cityam.com

Chef and bartender shortages threaten to cost hospitality sector £21bn in lost sales

A shortage of chefs and bartenders is set to wound the hospitality trade by some £21bn in lost sales. Nearly half of ...

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4 days ago
cityam.com

Stylish Stocks: Calvin and Tommy lead the way among best-performing fashion brands

Even though people often associate the financial world with black suits, statistics, and little in the way of style, ...

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4 days ago
cityam.com

Ministry of Sound to convert House of Fraser store to lure Londoners to 'fitness raves' in Shephe...

Nightclub group Ministry of Sound said this morning it plans to convert a former House of Fraser store in west London...

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5 days ago
cityam.com

Boohoo poaches Trainline CFO weeks after retailer saw first-ever sales drop

Boohoo has poached Trainline’s former finance lead as its new chief financial officer (CFO), just weeks after the ret...

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5 days ago
cityam.com

Klarna boss slams Barclays for 'mind boggling' and 'irresponsible' BNPL research

Klarna’s UK boss has hit out at Barclays today for publishing what he called “mind-boggling” and “irresponsible” rese...

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5 days ago
cityam.com

Gambling giant 888 predicts drop in half year revenues as restrictions bite

British gambling giant 888 said today it expected revenues for the half year to dip as it feels the impact of stricte...

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5 days ago
cityam.com

Barclays calls on retailers to help stop mounting BNPL debt crisis

Barclays has sounded the alarm over rising buy-now pay-later debt today and called on retailers to step up and protec...

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5 days ago
cityam.com

Boots’ sole suitor rallies lenders as takeover concerns linger on

Boots' sole bidder is relying on four major lenders to get its £5bn-plus takeover closer to the finishing line. As fi...

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6 days ago
cityam.com

Mike Ashley’s Frasers Group ups stake in German fashion brand Hugo Boss, again

Mike Ashley’s Frasers Group confirmed this morning it has increased its stake in luxury German fashion brand Hugo Bos...

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6 days ago
cityam.com

Entrepreneurship: Fintech Clear Junction named fastest growing founder-led firm in inaugural list

The founder of the UK’s fastest growing founder-led firm has said the key to success is being “really, really” confid...

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6 days ago
cityam.com

O2 partners with instant grocery firm Gopuff to deliver goods to gig goers

The O2 has announced a multi-year partnership with Gopuff, the instant grocery, food and drinks delivery firm.

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6 days ago
cityam.com

BNPL set to hit $607bn by 2026 despite regulatory scrutiny, analysts predict

The global buy-now pay-later credit market will swell to $607bn by 2026 despite increased regulatory scrutiny of the ...

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6 days ago
cityam.com

Bewildered: M&S hits out at Gove over blocked redevelopment plans for iconic Oxford St flagsh...

Marks and Spencer has slammed the housing minister's decision to block a redevelopment plan of its Marble Arch store....

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6 days ago
cityam.com

Kellogg to split into three firms as cereal maker focuses on snacks

Cereal maker Kellogg will split into three independent companies and make its snacks division its biggest focus. The ...

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7 days ago
cityam.com

Cost of living crunch: Shoppers exposed to extra £380 on yearly grocery bill

Shoppers are now facing an additional £380 to their annual grocery bill as grocery price inflation has hit its highes...

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7 days ago
cityam.com

Legal challenge over retail price index changes could cost taxpayer $40bn, analysts warn

The government could be forced to fork out as much as £40bn in compensation if a legal challenge launched today over ...

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7 days ago
cityam.com

Ocado raises £575m as it looks to widen online grocery market share

Online retailer Ocado revealed last night that it is has raised £575m in a share placing, rallying extra funds as dem...

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7 days ago
cityam.com

Tesco Mobile set to introduce EU roaming charges despite initial claims it wouldn't

Tesco Mobile have announced they will introduce EU roaming charges from 2023 onwards as telecom giants grapple with a...

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7 days ago
cityam.com

Retail chiefs to meet with Treasury amid fears of fading interest in online sales tax

Top retail bosses will meet with a Treasury minister later this week with the hopes of reigniting government interest...

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7 days ago
cityam.com

Deliveroo poaches Money Supermarket chief financial officer

Deliveroo has poached MoneySupermarket.com’s chief financial officer for the same role at the food delivery firm. The...

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7 days ago
cityam.com

M&S names Alex Freudmann as new director of food

M&S has named Alex Freudmann as its new managing director of food after Stuart Machin has taken up the job of chi...

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8 days ago
cityam.com

Rank Group warns over profits for second time in three months as people stay away from casinos

Gambling giant Rank Group has warned investors profits will be hit following a "considerably weaker-than-expected" re...

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8 days ago
cityam.com

Etsy accused of not paying enough UK tax, forking out £128,000 after pocketing £160m in sales

Online marketplace Etsy has become the latest US retailer to be accused of not paying enough tax in the UK, having fo...

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8 days ago
cityam.com

The power of summer: Primark sales inch above pre-pandemic levels

The owner of Primark has put recovering sales down to the power of summer, tourism and the march back to the office. ...

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8 days ago
cityam.com

Asda chair calls for business tax relief amid historic inflation levels

Retail grandee Stuart Rose has said the government was too slow to move on the cost of living crisis and historic lev...

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8 days ago
cityam.com

Concerns over Boots auction as buyers struggle to raise finance

There has been speculation that the sale of Boots may collapse as potential buyers face difficulty with lenders as co...

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11 days ago
cityam.com

McDonald's to cough up more than €1bn to settle French tax dodging case

Fast food titan McDonald’s is set to cough up more than €1bn to tie up a spat with French authorities over tax dodgin...

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11 days ago
cityam.com

Unilever shareholder accuses firm of concealing Ben & Jerry's Israel boycott

A Unilever shareholder has sued the firm over claims it hid the decision by its subsidiary Ben & Jerry’s to pull ...

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11 days ago
cityam.com

Revlon files for bankruptcy as lipstick seller reassures customers trading will continue

Revlon has filed for bankruptcy as the cosmetics firm has struggled under the weight of hefty debt, supply chain disr...

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