Renault’s UK sales pass £2bn but increased costs hit profit July 23, 2024 Sales at the UK arm of car manufacturer Renault accelerated past £2bn in 2023, it has been revealed, despite an industry-wide slowdown, according to newly-filed documents.
Topps Tiles boosted by Brits craving home improvement after lockdown June 30, 2021 Topps Tiles reported a surge in sales in the first three months since stores have been allowed to reopen, after lockdown restrictions at the beginning of the year heavily impacted the group’s performance. On a two year basis compared with 2019 before the pandemic, retail like-for-like sales increased by 12.9 per cent over the third [...]
London high streets get pre-Christmas boost December 1, 2023 The number of people hitting the high street in London grew in November, according to the latest footfall statistics, as the capital gears up for a much needed festive boost. A new reading from the British Retail Consortium (BRC) shows that footfall in London reached -0.4 per cent in November down from -2.9 per cent [...]
Very.co.uk enjoys record-breaking Christmas period January 12, 2021 Very.co.uk increased sales by 25 per cent year-on-year in the seven weeks leading up to Christmas, recording its best ever figures over the holiday period. Home and electrical goods were the standout categories for the online retailer, up 46 per cent and 45 per cent respectively. Among the top selling items were bedding and soft [...]
Spending on discounts rises four per cent as Brits do Valentine’s Day on a budget February 27, 2024 Consumers’ spending on offers increased by four per cent in February, worth £586m more than the same month in 2023, as Brits continue to seek out discounts despite cooling inflation.
Currys and AO World to shed light on consumer demand for home upgrades June 21, 2024 Investors will get a glimpse into whether consumers are loosening their budgets and upgrading their homes when AO World and Currys report on their yearly profits.
Online shopping sales slump to lowest levels since before pandemic June 9, 2023 The cost of living crisis has hindered the online shopping sales boom with digital sales falling to their lowest levels since before the pandemic. The number of online sales fell by 3.3 per cent during May as punters, under the cosh, have had to cut down on the number of goods they buy from digital [...]
China’s post-pandemic economic rebound slows July 15, 2021 The recovery of China’s economy from the coronavirus pandemic has slowed down, official figures have shown. Gross domestic product increased by 7.9 per cent in the second quarter of 2021. Compared to last year, this was less than half the rate seen in the previous quarter. It also missed economists’ forecasts of 8.1 per cent [...]
Global corporate profits expected to fall eight per cent after record quarter August 25, 2021 Global corporate profits are set to fall for the first time in 18 months after a record second quarter, as a rise in the Delta variant has increased labour costs while squeezing supply chains, according to calculations by Reuters. Although huge stimulus packages helped to underpin economic recoveries while the easing of pandemic restrictions resulted [...]
Energy crunch chokes China economy October 18, 2021 China’s energy crunch choked economic growth as factories switch off production amid shortages and soaring energy costs. The world’s second largest economy grew 4.9 per cent in the last quarter compared to the same period last year, the slowest rate of expansion since the third quarter of last year. Third quarter growth came in below [...]