Tesco sees Christmas sales rise for fifth year in a row January 9, 2020 Tesco delivered its fifth consecutive Christmas period of growth last year, outperforming its competitors in a tough retail environment. The grocer’s UK and Ireland division, which includes its wholesale business Booker, increased like-for-like sales by 0.4 per cent in the 19 weeks to 4 January due to a strong operational performance and competitive deals. Read [...]
Bitcoin was created for the eventualities now facing the world March 17, 2021 Writing exclusively for Crypto AM, Dr Chris Kacher explains how cryptocurrency can take the driving seat with fiat as the passenger.
Shoppers to spend more than £4bn at independent shops over festive season December 10, 2019 Small retailers are set to enjoy a £4.4bn spending boost over the festive season as Christmas shoppers plan to support independent businesses, according to the latest research. Shoppers are expected to spend £140.4m at small businesses every day in December, as consumers prepare to buy nearly a fifth of their gifts from independent retailers. Read [...]
Poundland-owner Pepco’s boss says sale ‘almost inevitable’ February 5, 2020 The chief executive of Poundland-owner Pepco Group said it is “almost inevitable” the company will be sold, as the retailer updated the market on its strong Christmas trading last year. Pepco Group boss Andy Bond said it is likely that its owner Steinhoff will sell the firm, adding he is “genuinely open minded” on the [...]
Coronavirus: Quiz reopens online store and distribution centre April 15, 2020 Fashion retailer Quiz is the latest brand to resume online trading after shutting its warehouse last month over coronavirus safety concerns. Shares in the company jumped more than 13 per cent as it announced this morning that it has reopened its online store and distribution centre, but can only offer standard delivery. Quiz said it [...]
One in 10 high street shops lie empty as retailers face spring reckoning February 10, 2019 The extent of the crisis facing UK retailers was laid bare this morning after new figures revealed one in 10 high street shops lie empty, while a string of upcoming cost increases could deal a death blow to struggling stores in the spring. Rising taxes and a shift to online shopping have ravaged British high [...]
Shoppers plan to spend more on high streets this Christmas November 20, 2019 The Christmas trading period could deliver some much-needed festive cheer for retailers after a challenging 12 months as a new research reveals that shoppers plan to spend more this year. Most UK shoppers – 87 per cent – are planning to spend the same or more than last year, while 57 per cent said political [...]
Boxing Day spending set to fall after Brits cash out on bumper Black Friday December 26, 2019 UK shoppers are set to tighten the purse strings in the Boxing Day sales this year after retailers bagged a record performance over the Black Friday weekend. Brits are expected to spend £3.7bn in post-Christmas sales this year, £200m less than in 2018, according to new figures from Barclaycard. Read more: Super Saturday fails to [...]
UK retail footfall dives to lowest level on record after coronavirus lockdown April 15, 2020 UK retail footfall fell to the lowest level on record last month after the government ordered all non-essential stores to close during the coronavirus lockdown. Footfall plunged 41.3 per cent in March compared to the previous year, the latest data showed, driven by a drop of 81.4 per cent in the final week of the [...]
Why high street discounts are a dangerous drug December 17, 2019 Retailers love to brag about breaking records, but one they won’t be cheering this Christmas is the prediction that price cuts could potentially top 50 per cent for the first time ever. Amid a fierce fight to woo last-minute shoppers into their stores, high street chains are once again turning to a festive sales bonanza [...]