Amazon earnings: What to expect amid a record-breaking tech boom February 1, 2021 Amazon enjoyed a stellar 2020, so all eyes will be on the ecommerce giant tomorrow night as it reports earnings for the final quarter of the year. Apple last week kicked off tech earnings season with bumper revenue of $111.4 (£81.5bn) — its best ever quarter, while Facebook also beat expectations. Amazon is also expected [...]
Travel giant records 62 per cent sales spike as consumer confidence grows November 27, 2020 London-based travel giant Not Just Travel recorded a 62 per cent surge in bookings this week. The top holiday destinations booked by consumers, in order of preference, were the USA, the Canary Islands, Dubai, Lapland and the Maldives. Not Just Travel co-founders Steve Witt and Paul Harrison attributed this increase in bookings to Black Friday [...]
Black Friday: Union calls for inquiry into Amazon over ‘dehumanising’ conditions November 27, 2020 Union members have called for a parliamentary inquiry into Amazon over “dehumanising” conditions at the ecommerce giant’s warehouses. Disgruntled unionists have projected a banner reading ‘Make Amazon Pay’ outside the tech firm’s London headquarters as part of protests coinciding with Black Friday. “Amazon is well known for unsafe, dehumanising work practices which see our members [...]
Second national lockdown to drive Black Friday sales down 20 per cent November 23, 2020 The introduction of a second national lockdown will push Black Friday sales down 20 per cent as consumers wait for shops to reopen to bag a bargain. Nationwide Building Society predicted a drop off in spending on 27 November, compared to a previous forecast of a 12 per cent increase, due to the month-long lockdown. [...]
Lockdown extension in December would be ‘disastrous’ for retail sector, experts warn November 2, 2020 An extension of lockdown restrictions into December would be “disastrous” for the struggling retail sector, which will have already missed out on sales at the beginning of the crucial Christmas trading period. In a note to clients this morning, broker Peel Hunt said listed retailers had balance sheets strong enough to handle the November lockdown, [...]
Retail health hits record low in 2019 January 16, 2020 Retail health hit a record low last year as high street stores battled weak consumer demand and faced pressure to slash prices. The latest Retail Health Index published by a KPMG and Ipsos think tank hit a record low of 74 in 2019 – the worst result since the tracker was established in 2006. The [...]
UK High Street sees slight increase in December sales January 4, 2020 UK shops saw a marginal increase in December sales year-on-year driven by widespread discounting, a new survey revealed on Saturday. Sales in British shops were up 0.7 per cent for the month compared with 2018, according to the accountancy and business advisory firm BDO’s monthly High Street Sales Tracker. Read more: Next raises forecast after [...]
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 [...]
Retail sales dip in November despite discounting December 19, 2019 Retail sales dipped last month as UK shoppers showed signs of “discount fatigue” in the run up to Black Friday and Cyber Monday. The amount spent in the three months to November dropped 0.3 per cent compared to the previous three months. Read more: Are there any signs retailers could be in for a merry [...]
DEBATE: Are there any signs that UK retailers could be in for a merry Christmas this year? December 4, 2019 Are there any signs that UK retailers could be in for a merry Christmas this year? YES, says Nicholas Mazzei, a corporate social responsibility adviser. There has been much lamentation of the declining retail sector as a mark of our age, but this Christmas is looking to be very merry for retailers. Black Friday was [...]