Samsung Electronics Co., Ltd today revealed the results of a national survey into the way Brits are choosing to pay as they reacquaint themselves with the new ‘low touch’ world of retail. With 57 days passing since so-called ‘Freedom Day’ in the UK, the findings of this research, commissioned by Samsung Pay, suggests that the nation has potentially reached...
Around one in five consumers have been blocked from paying with cash in recent months as lockdown rules have eased, according to Which?
The consumer group carried out two separate surveys, covering more than 3,000 people in total, to gauge their experience of payments.
One was a phone survey, to include consumers who may be less digitally capable and potentially more...
Primark owner Associated British Foods (ABF) has said sales at the discount fashion chain were “lower than expected” in recent months after footfall was affected by rising coronavirus cases.
However, the group also upgraded its profit guidance for the past year as Primark benefited from lower store labour and operating costs in the latest quarter.
ABF told investors on Monday that...
While you may be aware that the UK is heavily reliant on the Dover crossing for much of its goods and food imports, this isn’t the only critical link in the supply chain that runs through Europe and Great Britain.
In fact, the Suez Canal drives approximately 12% of all global trade, with this iconic waterway providing a daily conduit...
You would think that the benefits of a sustainable business model are largely limited to those that are societal and environmental in nature, in addition to the widespread enhancement of your firm’s reputation.
However, studies have also revealed the economic benefits to such a move, with 66% of global consumers apparently willing to pay more for sustainable goods. Similarly, 57%...
Ikea has reportedly agreed to take on Topshop’s flagship store on Oxford Street for around £385m. According to real estate publication React News the Swedish furniture giant has also bought the 73,000 sq ft NikeTown and a 4,700 sq ft Vans shop, adjacent.
Ikea is thought to be planning a sustainable flagship store at the Oxford Street site, which is...
Burlington Arcade, the historic retail destination in London's Mayfair, has announced that luxury homeware house Thomas Goode & Co have relocated to the iconic London shopping destination.
The renowned label - home to the world's finest tableware, china, silverware and glassware, stocking global brands including Hermes, Vivienne Westwood, Christian Lacroix and Missoni - has been based in Mayfair for almost...
Landsec has announced the launch of two new retail concepts at Bluewater in Kent. Crep Collection Club, the trend-led sneaker specialists, have opened their first standalone store, whilst accessible fashion concept brand Vanilla has launched its debut space at the destination, following the success of its established online and concession presence.
Located adjacent to Jo Malone on the Upper Guild...
Discount retailer B&M Bargains has revealed profits are now expected to be higher than first thought.
The company issued an unexpected update to the stock market, saying that while sales remain in line with the City’s expectations, the profits made on goods has been higher than first thought.
The news sent shares up nearly 5% within minutes of the announcement, with...
Homewares chain Dunelm has announced plans to hand a £132 million payout to shareholders after profits soared despite the pandemic closing stores.
But bosses at the firm said there are still no plans to hand back any of the £22 million saved from the Government’s business rates holiday.
The company pointed out it has already repaid the money claimed under the...