86% of Arcadia stores still empty
The vast majority of stores from Sir Philip Green’s former Arcadia empire remain empty a year after the retailer’s dramatic collapse.
Around 86% of shop...
Which categories will lose most ground online in the future?
The current spike in e-commerce penetration is no surprise. At the beginning of the pandemic, online or in-app shopping increased by over 40% in...
Burberry predicts soaring profits
Luxury fashion brand Burberry has revealed strong growth across Asia and the US as it wins over younger customers with cash to spend.
Bosses said...
Bullring owner says no more rent holidays as shoppers return
Commercial property owner Hammerson has revealed the number of shoppers heading to its sites has improved to between 15% and 20% below pre-Covid levels.
But...
Omnichannel strategy drives sales and profits at The Fragrance Shop
The Fragrance Shop today reported increased annual sales and profits as it bounced back from the impact of the pandemic and reaped the benefits...
Consumer spending grew 4.4% in December, but Online retail was impacted by postal strikes
Consumer card spending grew 4.4 per cent year-on-year in December – slightly higher than November (3.9 per cent) but well below the 9.3 per...
Issa brothers set to sell petrol stations to help secure Asda takeover approval
The billionaire brothers buying Asda have proposed selling 27 of their current petrol station sites in a bid to get the £6.8 billion takeover...
Next warns over price hikes and Christmas staff shortages
Fashion giant Next has hiked its full-year outlook once more after surging sales but warned over rising prices and staff shortages in the run-up...
Watchdog says findings back decision to block JD Sports’ Footasylum takeover
The UK competition regulator has said it still has concerns that JD Sports’ proposed takeover of rival Footasylum could “lead to a worse deal...
UK Consumers Empty Covid Saving Coffers as Funds Used to Supplement Cost-of-living Spending Dry...
Nearly half (45%) of UK consumers have been using savings accumulated during Covid-19 lockdowns to offset the cost-of-living crisis, according to new research from the Retail...
