Retail sales fall on Budget uncertainty before run-up to Christmas Retail Retail sales fell by almost one per cent last month as cash-strapped Brits held back big ticket purchases amid a cloud of Budget uncertainty. The Office for National Statistics said this morning they dropped by 0.7 per cent in October, following a 0.1 per cent rise the previous month, which had been revised down from [...]
Superdry issues warning as struggling fashion label cuts jobs after quitting London Retail Superdry has warned its sales will continue to fall significantly during its current financial year after quitting the London Stock Exchange in an attempt to stay afloat. The Cheltenham-headquartered fashion brand delisted earlier this year as part of a radical restructuring plan to keep the company trading. At the time, the company said that cutting [...]
Naked Wines Competition 2024 Win BIG with Naked Wines and City AM Make this Christmas one to remember by winning a case of fine wine from the cellar of Naked Wines – and then three more cases over the coming year. The total value of wine you’ll receive will be more than £1,000. Not only that – the wine [...]
Lidl boss warns retailers are ‘reeling’ after Budget tax raid November 20, 2024 The boss of budget supermarket Lidl has warned retailers are “reeling” following Labour’s tax raid in the Autumn Budget. The German supermarket’s UK boss Ryan McDonnell said the discount brand was staring down the barrel of “tens of millions of pounds” in extra costs. This comes after the Chancellor unveiled a £25.7bn tax-raising package, with [...]
The Range owner confident of sales success but Homebase rescuer struggles to return to profit November 19, 2024 The owner of The Range has forecasted a continued rise in its sales as it carries on taking advantage of “high profile retail casualties” after rescuing Wilko and Homebase. CDS (Superstores International) hit the headlines again recently when it snapped up part of strike DIY chain Homebase out of administration. The move came after the [...]
Retailers reassess how to reel in cash-strapped Brits for Black Friday November 16, 2024 As Brits’ loyalty to brands continues to erode and their commitment to seeking value continues to rise, retailers are optimising their digital presence in hopes of a bumper festive season. With online spending reaching ever-higher levels, and brand loyalty going down thanks to the increasing ease of switching between products on the internet, it’s become [...]
3i: Action’s performance continues to lift FTSE 100 investment trust November 14, 2024 3i said it will pay its first dividend of 30.5p per share, up from 26.5p in the same period last year.
UK office market fails to keep up with European upswing in property values November 13, 2024 The value of commercial property has risen for the first time since mid 2022 in Europe, although the UK office market bucked the trend and failed to show gains. Overall, property values rose by 0.63 per cent in the third quarter of 2023, following eight consecutive quarters of decline. European property prices have been hit [...]
Struggles continue at Asda as new owner looks to turn around supermarket giant November 12, 2024 The continuing struggles at supermarket giant Asda have been revealed with both Tesco and Sainsbury’s hoovering up its market share in the UK, according to new figures. Sales at the Leeds-based grocer totalled £4.242bn in the 12 weeks to 3 November, 2024, down from the £4.490bn it reported for the same period last year, the [...]
Falling Rolex prices are fuelling a sales boom November 12, 2024 The holiday season has always been pivotal for luxury watch sales, and this year brings a particularly promising outlook. Contrary to the usual holiday price hikes in many markets, the secondary watch market has seen notable price declines. Over the past year, prices for iconic brands like Rolex have dropped by an average of five [...]