UK lags behind US in predicted consumer spending this Christmas November 2, 2023 A report has shown emerging trends that UK retailers will be struggling this festive season, despite beliefs black Friday will boost revenues.
Falling in time for Christmas: Grocery inflation down to single digits for the first time in 16 months November 7, 2023 Despite the milestone, consumers are only seeing year-on-year price falls in a limited number of categories, including butter, dried pasta and milk.
HSBC mulls sale of South African businesses in pivot to Asia August 20, 2024 HSBC is reportedly considering selling its South African businesses as part of its pivot towards Asian markets.
Victoria Plum sold in pre-pack administration deal to owner of Beds.co.uk October 1, 2023 The owner of Beds.co.uk and furniture seller Cox & Cox has reportedly snapped up Victoria Plum, one of the UKs biggest online bathroom retailers.
Wickes bosses shrug off falling ‘don’t do it yourself’ sales January 26, 2024 Bosses at Wickes hailed a “robust” year for home improvement retailer Wickes despite slippage in its ‘do it for me’ offering through the last six months of the year. Total like-for-like core sales for the DIY and garden centre firm were up 0.1 per cent, with an uptick of 1.2 per cent in the fourth [...]
Inditex: Zara owner unfazed by wet weather as viral Tiktok clothing drives sales June 6, 2024 The owner of Zara, Bershka and Pull and Bear, has hailed a strong start to the summer as wet weather did not seem to deter shoppers from hitting the high street.
Lockdowns will cost Australia’s economy £530m per week, say UBS economists August 10, 2021 Australia’s “zero Covid” approach will cost AU$1bn (£530m) per week to the country’s economy, as its three most populous states are currently in lockdown due to a surge in the delta variant. Economists at the UBS bank have said the cumulative economic cost of the current lockdown in New South Wales will be of AU$25bn [...]
Topps Tiles’ sales continue to fall as homeowners steer clear of ‘big ticket’ DIY July 3, 2024 The London-listed Topps Tiles Group has seen sales drop year-on-year as it says demand for big-ticket home projects remains low amid a "challenging" macroenvironment.
Aquascutum and Gieves & Hawkes face being dragged down by Chinese parent’s debt struggles September 8, 2021 Struggles in China are pushing some of the most established British fashion brands into a dicey position, with Gieves & Hawkes facing a winding-up order and Aquascutum pulling out of the UK entirely. Chinese outfit Shandong Ruyi, which owns the two firms, has come under increasing pressure over its staggering $4 billion debt following an [...]
Private equity firm buys Gü pudding brand May 17, 2021 Private equity firm Exponent has secured a deal to buy dessert brand Gü from Noble Foods for an undisclosed fee. Gü said the deal will provide investment for the business to expand its current UK production site. Sky News reported last week that Exponent had offered £150m to buy the pudding brand. The company was [...]