Retailers enjoyed a surge in spending as shoppers flocked to high streets following the easing of restrictions that saw non-essential stores reopening after the most recent lockdown.
Sales in April jumped 9.2% compared with March, with clothes stores proving particularly popular, jumping 25.3%, according to the Office for National Statistics (ONS).
Shoppers focused on clothes for enjoying new freedoms, including outerwear...
Around 2,500 staff at retailer Games Workshop have landed share bonuses worth £12 million thanks to soaring profits as demand surged among locked-down hobbyists.
The group said each employee will receive £5,000 in shares under its profit-share scheme.
The total share bonus – which will be paid out by the end of this month – marks a £10 million hike on...
B&Q owner Kingfisher has hiked its half-year profit outlook after seeing sales soar as the DIY boom shows no sign of slowing.
The group’s B&Q chain saw like-for-like sales rocket 81.9% higher in the three months to April 30, although trading from a year earlier was impacted by temporary store closures in the first lockdown.
Even on a two-year comparison with...
Boohoo has said it will link multimillion-pound bonuses for its directors with improvements in its supply chain following allegations of poor working conditions and corporate governance.
The online retailer faced criticism from investors last year over its long-term incentive scheme, which could see founders and directors paid up to £150 million.
Boohoo has said it will now link long-term bonuses to...
The world's most cashless economies have been revealed in a new report by the credit card experts at money.co.uk.
Using a weighted ranking system, the study then assigned a score to each country in the index, revealing the most cashless countries in the world. The report has analysed the following five factors to reveal which countries use the most cashless...
365 Retail recently caught up with Angel Maldonado, CEO of search and discovery platform Empathy.co to discuss the company’s record growth, recent consumer research and discuss retail trends following the Covid-19 pandemic.
What inspired you to found Empathy.co and why?
Two simple ideas. First, the realization that evoking positive feelings in a digital product is the ultimate objective. Technology works when positive emotions...
It’s an understatement to say that our lifestyles have been totally disrupted by the pandemic. Among many others, one thing we have missed over the past months is without a doubt the real-life shopping experience. The queues formed outside branches of Primark, JD Sports, and TK Maxx as retailers extended their opening hours to meet demand as crowds flooded...
Homewares retailer Dunelm has said full-year profits will smash expectations after seeing sales soar as Britons do up their homes.
Shares in the group raced more than 7% higher after its second profit upgrade in just over a month.
It comes after Dunelm saw total sales jump 59% in the seven weeks since March 28, against pre-pandemic levels two years ago.
It...
Former Tesco boss Sir Dave Lewis walked away from the supermarket giant with a £1.6 million pay packet last year, the group’s annual report has revealed.
Sir Dave stepped down from the retailer in September after turning around its fortunes over the past six years following its major accounting scandal.
Tesco’s annual report revealed on Tuesday that he was handed £951,000...
There is no denying that when it comes to business management, marketing rises at the top of the priority list. Without proper marketing, a business will cease to function, as even the best products and services around will not get you anywhere if there aren’t enough people who know the company even exists. Most startups will end up wrestling...
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