Browsing: cost of living crisis

Virgin Wines has managed to maintain stable revenue and improve profitability in challenging market conditions.The company reported a year-on-year revenue…

Brand Architekts reports a 15% sales decline as it shifts strategy towards fewer core brands.The company cites discontinuation of unprofitable…

Fenwick, a leading department store chain, has reported significant financial setbacks.The company declared a pre-tax loss of £28.4m for the…

Fenwick has reported a substantial loss as it grapples with high inflation and competitive discounting, underscoring the challenging retail climate.The…

Lakeland’s financial challenges have intensified, evidenced by widening losses.Pre-tax losses surged from over £1.1 million to nearly £2 million.Sales saw…

Supermarkets are experiencing a significant surge in sales due to the popularity of ‘fakeaway’ products.Restaurants like Nando’s, Wasabi, and Zizzi…

UK company insolvencies have exceeded levels seen during the financial crisis, driven by high interest rates and reduced consumer spending.In…

Britain’s incoming government stands to gain from a reduction in household financial pressure due to slowing shop inflation and falling…

The Resolution Foundation’s latest report unveils slow disposable income growth for UK households over the past 14 years.Typical household disposable…

Retail sales figures for May have shown a promising increase, overturning the previous month’s decline. The Office for National Statistics…