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Retail & Consumer

Iconic motorcycle brand Triumph hit by China economic downturn and sterling slump
By City AM
The Derbyshire-headquartered business, which is owned by billionaire John Bloor, has reported a pre-tax profit of 拢72.6m for the year to 30 June, 2024, up slightly from the 拢72.3m it achieved in the prior 12 months.
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Waterstones plans major 海角视频 expansion and mulls IPO as it rides high on BookTok trend
By City AM
Waterstones boss James Daunt has said he plans to open dozens more bookshops this year in the 海角视频 and is considering a potential flotation in London or New York
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Yeo Valley doubles profit in a year after demand for one product soars
By City AM
The Somerset-headquartered business has reported a pre-tax profit of 拢8.1m for the year to 26 May, 2024, according to newly-filed accounts with Companies House
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Financial woes of Typhoo Tea exposed with 拢100m debts ahead of rescue
By City AM
The Bristol-based company was bought out of administration in a 拢10.2m deal last month
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H Samuel and Ernest Jones owner cuts loss despite 拢40m sales hit
By City AM
The Birmingham-headquartered business has reported a pre-tax loss of 拢483,000 for the year to 3 February, 2024, down from the 拢8.9m loss it posted in its prior 12 months.
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Aldi hails 'best Christmas ever' as sales of mince pies and turkeys soar
By City AM
The supermarket giant has seen sales of its seasonal range increase by 10 per cent and its premium range by 12 per cent compared with 2023, which it said was its best festive period ever
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Newcastle fashion firm END. swings to loss after major restructuring in challenging year
Retail & High Street
The firm also posted an impairment charge of 拢778m relating to its investment
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Gary Neville's Stock Exchange Hotel in Manchester faces 拢2.5m loss after Tom Kerridge restaurant closure
Gary Neville
The Stock Exchange Hotel in Manchester city centre, which is part-owned by former Manchester United footballers Gary Neville and Ryan Giggs, has seen its losses widen and turnover fall
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Iconic fashion and furnishings brand Laura Ashley under new ownership
Deals
Originally set up in Powys in the 1950s the business has been acquired by Marquee Brands
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Wizz Air passenger numbers soar despite planes being grounded due to engine issues
Retail & Consumer
The FTSE 250 carrier reported 5.06m customers throughout last month, despite a 3.1 per cent drop in seats from last December to around 5.8m
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Car retailer Cinch's sales drop below 拢1bn as used vehicle prices fall
South East
For the 12 months to 31 March, 2024, Cinch posted a revenue of 拢932.5m, down from the 拢1.01bn it achieved in the prior year
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Eden Project losses deepen as Cornwall attraction prepares to develop Morecambe site
Leisure & Touism
The accounts come ahead of the new Eden Project site in Morecambe, Lancashire, being slated to open sometime between 2027 and 2028
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Utilita Energy owner warns of profit hit as bills rise
By City AM
Luxion Group, which owns Utilita Energy, said its resources 鈥渃ontinue to be stretched鈥 despite its pre-tax profit increasing from 拢31.2m to 拢43m in the year to 31 March, 2024
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Welsh retail footfall experienced a decline in 2024
Retail & High Street
The Welsh Retail Consortium said the outlook for Welsh retailers remains challenging
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Massive job cuts and store closures expected in 海角视频 retail as economic pressures mount
By City AM
The retail sector has been in crisis for a decade and there's no end in sight, according to the Centre for Retail Research
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Travel industry set for a boost on Sunshine Saturday as Brits book their 2025 getaways
By City AM
The day is the busiest day of the year for booking holidays, and with data suggesting Brits are more interested in experiences than goods, a strong showing could be on the cards
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Edinburgh Hogmanay street party and fireworks cancelled due to bad weather
Retail & Consumer
Yellow weather warnings for most of Scotland on Monday and Tuesday, with an amber warning for northern Scotland
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Pubs call for 'swift and meaningful' reform as number of boozers falls below 39,000
By City AM
The number of pubs in England and Wales fell below 39,000 for the first time this year, according to official Government statistics, as the rate of pubs disappearing from local communities accelerated
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海角视频 retail and hospitality sectors brace for insolvency spike post-Budget, industry leaders caution
By City AM
Insolvencies and restructuring could rise further over the start of 2025 as firms face increased cost pressures, industry experts have said, with the retail, hospitality and care sectors likely to feel the brunt of rising energy prices and a hefty tax bill
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What regeneration plans could mean for the last Wimpy in the North West
North West
Sanjay Chaddah's family have run the Wimpy in Birkenhead for 30 years 鈥 but they're not sure what the future holds for the famous 1970s burger chain's Merseyside outpost
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海角视频 brands like Burberry set for a rebound - but bosses are still pessimistic
By City AM
The luxury sector has been in a two-year downturn, but analysts are predicting that the industry may finally be approaching the bottom of its slump
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Number of 海角视频 retailers in critical financial distress soars by 25% in three months
By City AM
The number of 海角视频 retailers in critical financial distress has surged by more than a quarter in the last three months, according to new research by insolvency firm Begbies Traynor.
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List of shops that have gone into administration in 2024
Retail & High Street
It's been another difficult year for the retail industry and it doesn't look set to get much better
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Thames Water faces backlash for allegedly using environmental funds for bonuses and dividends
By City AM
The crisis-hit utility, which serves 16m customers in the 海角视频, paid hundreds of thousands in staff bonuses and over 拢100m to investors as it slashed spending on reducing river pollution
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