Shoppers shun hospitality in favour of supermarkets in December
Households shunned pubs, restaurants and bars in December as the rise of the Omicron variant saw people spending near-record amounts in supermarkets and celebrating...
Selfridges sold to Thai and Austrian billionaires in £4bn deal
Historic retailer Selfridges has been bought in a roughly £4 billion deal by a partnership of Thai and Austrian billionaires.
The deal spells the end...
Ikea confirms 10% price hike in UK stores due to Covid
Flatpack furniture specialist Ikea has confirmed it has increased the average price of products in its UK stores by 10% due to rising supply...
Leisure boom and flexible landlords boost future of UK high streets
Demand for property outside traditional retail and pragmatic landlords have given “renewed optimism” for some high streets and shopping districts despite the toll of...
‘Shift in behaviour’ as high street footfall rises on New Year’s Eve
New Year’s Eve saw a “shift in behaviour” from the cautious attitude of shoppers ahead of Christmas, as high street footfall rose, retail experts...
Retail sales accelerate in November as Christmas shoppers hit high street
UK retail sales picked up pace in November as shoppers hit the high street for early Christmas shopping and Black Friday, according to official...
Harrods launches traditional Boxing Day Sale early
Harrods has launched its winter sale a full week before Christmas “in response to ongoing trading realities”, it has said.
The Knightsbridge-based department store is...
Aldi announces pay rise for 28,000 staff to more than £10 an hour
Aldi has announced plans to match discount rival Lidl in the amounts it pays staff.
The supermarket said store assistants will see their pay hit...
Primark report trading has been ahead of expectations
Fast fashion chain Primark has been trading better than expected over the last three months, its owner said on Friday, despite problems at ports...
Currys to reveal sales progress as online growth continues
Further online sales growth is expected to propel revenues higher at Currys as investors seek positive noises about the retailer’s key Christmas period.
Last month,...