Primark sales sweeten the pill as retailer outperforms Christmas gloom January 17, 2019 Primark today reported a rise in revenues over the festive period as store expansion outweighed a fall in like-for-like sales. The fashion retailer saw UK sales rise one per cent on last year in the 16 weeks to 5 January, defying a downturn in the wider retail market. Read more: Retail sector suffers worst Christmas in [...]
Aldi Christmas revenue tops £1bn but growth slows January 6, 2020 German discount retailer Aldi said today that its Christmas sales increased 7.9 per cent year-on-year to break £1bn for the first time. The supermarket chain said its sales in the four weeks ended Christmas eve were driven by strong growth in beers, wines and spirits, its premium Specially Selected range and fresh meat. Total beers, [...]
Boxing Day footfall set to tumble as Christmas spending levels off December 20, 2018 Footfall is set to plummet on Boxing Day as Christmas trading takes a hit from low consumer confidence and the rise of Black Friday sales. Boxing Day footfall will decline 5.2 per cent year, its largest drop in recent years, according to forecasts from retail data firm Springboard. Footfall on Boxing Day has declined in [...]
Ocado investors set to quiz boss Tim Steiner over M&S food delivery deal February 3, 2019 Ocado boss Tim Steiner will be in the spotlight this week as he delivers the firm’s annual results amid reports of a possible partnership with Marks & Spencer. The two companies are said to be in talks over a food delivery partnership that would see the retailer use Ocado’s warehouses and delivery lorries. Read more: Ocado [...]
John Lewis issues profit warning as MD steps down January 9, 2020 John Lewis & Partners issued a profit warning today and said its managing director will leave the struggling business next month after underwhelming Christmas sales. The retail partnership warned full-year profits will be “substantially down” on last year as it revealed significant drops in both John Lewis and Waitrose revenue. Read more: Four problems new [...]
Japanese billionaire businessman takes crown for most retweeted tweet January 7, 2019 A Japanese fashion billionaire has taken the crown for the most retweeted tweet of all time after receiving 4.5m retweets for a message he posted on the micro-blogging site on 5 January. Yusaku Maezawa, who founded Japanese online clothing retailer Zozo, also received 1.1m likes for his tweet and 293,000 comments. ZOZOTOWN新春セールが史上最速で取扱高100億円を先ほど突破!!日頃の感謝を込め、僕個人から100名様に100万円【総額1億円のお年玉】を現金でプレゼントします。応募方法は、僕をフォローいただいた上、このツイートをRTするだけ。受付は1/7まで。当選者には僕から直接DMします! #月に行くならお年玉 pic.twitter.com/cKQfPPbOI3 — [...]
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 [...]
Households could lose hundreds of pounds by failing to switch as their energy plans run out this month January 23, 2019 Hundreds of thousands of customers could have up to £302 added to their energy bills each year if they don’t switch from plans which are set to end in January. Switching service Uswitch warned that it has identified around 200,000 households on 20 different energy plans which are set to conclude this month. Read more: Households [...]
Four reasons why selling your house at Christmas might actually work December 13, 2019 Christmas is a time for many things. Family. Bad music. Overeating. One thing it’s not the time for is putting your home on the market. Or is it? According to some London agents, selling your house during the holidays might not be the complete no-no that you think. Here are some reasons why you might [...]
Retail administrations rise for the second consecutive year January 5, 2019 The number of retail administrations has risen for the second year in a row after 125 retailers collapsed in 2018. Administrations rose six per cent last year from 118 in 2017, and 26 of the retailers that collapsed were large brands, compared to 17 the year before. There was a 53 per cent increase in [...]