Growth in food retail at highest in two years thanks to summer finally arriving August 21, 2024 After a damp start to summer, till sales growth boomed in July to record the strongest growth for food retail in two years. Total till sales at UK supermarkets grew 5.5 per cent in the four weeks ending 10 August 2024, up from 3.6 per cent in the previous month, according to fresh data by NIQ. [...]
FTSE 100 today: London markets brace for muted start amid thin U.S. holiday trading January 15, 2024 Asian markets decline in response to sparse U.S. holiday trading; China's central bank maintains stable lending rate; investor attention shifts towards Q3 earnings and China's Q4 GDP figures,
January sales fail to impress shoppers as London footfall disappoints February 2, 2024 January was another disappointing month for London retailers as shoppers steered clear of the high street. A new report by the British Retail Consortium (BRC) showed footfall across the capital declined by 1.7 per cent at the start of the month. This has widened from a fall of 1.4 per cent recorded in December. With [...]
West End has 109 per cent sales boost but retail leaders call for ‘urgent’ business reform October 10, 2022 West End retailers are calling for fresh support and radical reform to help continue their pandemic recovery. The organisation representing 600 outlets and hospitality firms in Bond St, Oxford St, Regent St and Mayfair announced the district is returning to pre-coronavirus levels, but that it still needs help to stop it faltering. The New West [...]
Barclay family set to lose control of Very Group as Redbird IMI looks to kick off sale April 30, 2024 The billionaire Barclay family is rumoured to be plotting a sale of their online retail and financial service business Very Group.
Walgreen to pay £1bn to offload Boots pension scheme November 19, 2023 Walgreens is believed to be offloading the scheme in order to restart a sales process for the health and beauty retailer.
Recession or rebound: Where is the UK economy after blockbuster week of data? February 16, 2024 The UK is in recession, but there are also signs of a rebound. Inflation lower was than expected but wage pressures remain strong. What does it all mean?
Opening of The Victory pub in London Waterloo gives UK’s rail state rail operator a boost May 2, 2024 The opening of The Victory pub at London Waterloo has helped boost sales per sq ft to an annual average of £2,507.
Retail chiefs to meet with Treasury amid fears of fading interest in online sales tax June 20, 2022 Top retail bosses will meet with a Treasury minister later this week with the hopes of reigniting government interest in launching an online sales tax and reforming the current rates system. According to a report by Sky News, executives from retail powerhouses including Amazon, Asda, ASOS, Currys and JustEat Takeaway, are to meet with the [...]
London retailers gear up for a return to the high street amid boost in confidence May 14, 2024 Over half of London retailers are gearing up for a return to the high street in what is seen as a sign of positive momentum for the recovering retail sector.