Tag: owner

Upper Crust owner: ‘Demand for travel will return’

Image copyright Getty Images Upper Crust owner SSP Group says it believes that “demand for travel will return”, despite the coronavirus pandemic dragging down sales. It said weekly sales are now 76% below April to September levels last year. SSP said about a third of its global outlets, mostly found at railway stations and airports, had reopened despite the pandemic.… Read more →

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Sports Direct owner Frasers Group sees signs of ‘normality’ returning

Image copyright Reuters The owner of Sports Direct and House of Fraser says it is seeing “a semblance of normality” returning, but warned that further lockdowns remain a threat. Frasers Group said annual pre-tax profits sank 20% to £143.5m as lockdown store closures led to “the most challenging year” in its history. It also repeated its “frustration” over the problems… Read more →

B&Q owner sees sales soar in lockdown DIY boom

Image copyright Getty Images Sales of paint, wallpaper, plants and compost have soared during lockdown, the owner of B&Q and Screwfix has said. Kingfisher said people had been doing more DIY than usual, as like-for-like sales jumped by 21.6% in the three months to 18 July. Store re-openings also boosted revenue, while online sales more than tripled. Kingfisher’s UK stores,… Read more →