Friday, 08 Jan 2021 03:52 PM MYT
Marks & Spencer said revenue in its clothing and home division slumped 25.1 per cent in the 13 weeks to December 26, its fiscal third quarter, having fallen 21.3 per cent in the previous quarter. Reuters pic
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LONDON, Jan 8 ― Marks & Spencer today reported another big fall in clothing and homewares sales in its Christmas quarter, as the Covid-19 pandemic hit demand and restrictions to stem the spread of the virus closed stores.
Marks & Spencer (M&S), one of the best known names in British retail, said revenue in its clothing and home division slumped 25.1 per cent in the 13 weeks to December 26, its fiscal third quarter, having fallen 21.3 per cent in the previous quarter.
Capital Region restaurants that closed in 2020
The Blue Hen at Adelphi Hotel, Saratoga Springs
We learned in November that the Adelphi Hotel in Saratoga Springs closed its fine-dining restaurant, The Blue Hen, replacing it with an expansion of the hotel’s more casual offering, Morrissey’s Lounge.
Brazilian Steak House, Colonie
The quick-serve concept, featuring rotisserie meats, about 20 hot sides, salad bar and other food items that opened in 2019 in the home of the former Truman s Restaurant closed this year.
closed
Bumpy s Polar Freeze, Schenectady
The ice cream stand closed down after a year in which its last operator was accused of sending racist texts, mistreating employees and violating health codes. Next spring, it will be instead known as Stella’s Creamery & Cakes.
Aldi, Tesco, M&S, Morrisons, Asda, Lidl and Sainsbury s New Year s Day 2021 opening times in Hertfordshire
It s useful to know in case you need to stock up after New Year s Eve
People are getting ready for Christmas food shopping (Image: Victoria Jones/PA Wire)
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By Alec Mattinson2020-12-18T12:33:00+00:00
Coronavirus has caused some food and drink share prices to soar but it’s not been as simple as adding extra sales
For food and drink retailers and suppliers, 2020 will be wholly defined, share price-wise, by the coronavirus pandemic. So who have been the winners and losers?
As so much grocery shopping has shifted to online, it is little surprise the top-performing stocks in the UK and internationally are direct-to-consumer brands – Naked Wines and HelloFresh.
Shares in Naked, uncoupled from Majestic last August, soared 160%-plus as sales grew 80% in its first half, driven by huge growth in the US, UK and Australia. Repeat customer sales were up 66%; new customer revenues soared 166%. Broker Jefferies said this “outstanding” 2020 performance had seen “the scale benefits that Naked has unlocked and the rapid growth in the US market that has been catalysed”.