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Retail & Consumer

Revolution Bars brings in big name to replace long-standing chairman
By City AM
Luke Johnson, who has a 20% stake in the company, will replace Keith Edelman, who has served as chairman for the last nine years
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Levi Strauss reports growth in º£½ÇÊÓƵ market despite challenges from bargain hunters
By City AM
The º£½ÇÊÓƵ arm of the jeans brand said shoppers are being directed to outlets and online by bargain hunting as it looks to target the "young and cool" consumer
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Gear4music hits all the right notes with plans to drive sales to £150m by 2025
By City AM
The online music instrument retailer said at its AGM today it will announce it is trading "in line with expectations", with forecast revenue of £154.7m and EBITDA of £11.7m
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The major impact McDonald's º£½ÇÊÓƵ has on the South West economy
Economy
The chain has published a report exploring its economic contribution to Britain as it marks 50 years in the º£½ÇÊÓƵ
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John Lewis revives historic price promise with AI technology to match competitors
By City AM
The department store chain has made the move after concerns it was less relevant to customers two years ago
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Primark owner Associated British Foods braves grey and damp summer with sales surge
By City AM
Primark owner Associated British Foods said it expected an increase in sales across its retail, grocery and ingredients divisions during its second half ending September 14, 2024.
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º£½ÇÊÓƵ electric vehicle sales rise amid heavy discounting and new models, despite overall market struggles
By City AM
New electric vehicle (EV) registrations jumped in August as heavy discounting by manufacturers and a raft of new models tempted consumers to make the switch.
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Amazon confirms big pay rise for thousands of workers
Employment
The e-commerce giant that employs 2,000 staff in Wales is increasing starting salaries by nearly 10%
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Hilton Foods reports 23% profit rise, plans further expansion amid strong seafood and meat sales
By City AM
Hilton Foods, which has operations in the º£½ÇÊÓƵ, Ireland, APAC and much of Europe, has been bolstered by a strong seafood performance in the six months to 30 June
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McDonald's hails £767m contribution to North West economy as it marks 50 years in the º£½ÇÊÓƵ
Food and Drink
American group opened first º£½ÇÊÓƵ store in Woolwich in 1974
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Ryanair and Wizz Air smash passenger records as demand soars in 'busiest summer'
By City AM
Ryanair and Wizz Air has reported record August passenger numbers as demand for travel continued to soar in one of the busiest summers on record
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Pop-up funding, banking hubs and business rate reform – what local high streets need to survive and thrive
Federation of Small Businesses
FSB surveyed firms across country for its Future of the High Street report
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Airbnb says it has 'no discernible impact ' on house prices in Bristol
property news
The short-term rental platform has commissioned a report examining its economic impact in the º£½ÇÊÓƵ
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Revolution Bars resumes trading on AIM with new shares after major restructuring
By City AM
Revolution Bars has resumed trading on AIM after the completion of a comprehensive restructuring plan aimed at turning the business around
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Kopparberg º£½ÇÊÓƵ slashes losses in 2023, turnover dips amid challenging market conditions
By City AM
The Leeds-headquartered division has reported a loss of £244,919 for 2023, according to newly-filed accounts with Companies House
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Specsavers holds steady with £15m payout to owners amid global expansion
By City AM
The national brand has handed the interim dividend to its parent company Specsavers Optical Group, the same total as in its prior financial year
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º£½ÇÊÓƵ high street suffers as tax-free shopping for tourists ends, says Kurt Geiger boss
By City AM
Kurt Geiger's chief executive, Neil Clifford, said the end of VAT-free shopping has had a "massively negative effect" on Britain, as the º£½ÇÊÓƵ continues to shoot itself in the foot.
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Cornish Bakery to open in Taunton, creating 15 jobs
Retail & High Street
It takes the number of bakeries run by the company to 62
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Burberry's downfall is about more than just a challenging market - it's also self-inflicted
By City AM
Burberry is set to drop out of the FTSE 100 in its quarterly reshuffle, which will be based on market caps as of 2 September
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Flight training school at Bristol Airport to close after nearly 100 years
Bristol
Bristol and Wessex Aeroplane Club was founded in 1927 and trains pilots from its base within the airport
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St Austell Brewery snaps up historic Somerset pub
Deals
The Tribute pale ale maker now has 122 leased and tenanted pubs across the West of England
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Rodrigo Maza leads Naked Wines in strategic shift towards customer-focused growth
By City AM
The wine retailer has had a tough time over the last year, and issued a warning in December that it might not be able to pay its debts if things didn't turn around
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Dyson abandons libel case against Channel 4 News
Technology
The broadcaster has been embroiled in a two-year legal battle with the technology giant
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Welsh retail footfall experiences bigger decline than for º£½ÇÊÓƵ as a whole
Retail & High Street
Cardiff also experienced a year-on-year decline in August shows new figures from the Welsh Retail Consortium
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